I've reviewed a fair number of crypto-backed lending services on my blog, none of which offer the ease-of-use Bankera Loans offers. Often, you're met with relatively high loan minimums and difficult lending processes. This is far from the case with Bankera Loans, as they offer low minimum lending amounts at just 25 EUR, while keeping the lending process simple and straightforward.
Bankera Loans also allows you to choose very high loan-to-value (LTV) ratios of up to 75%, enabling you to squeeze out maximal loan value from your collateral. In the image below you'll see just how easy it is to get your loan from Bankera Loans. Do note that it only takes around one minute to create an account on the Bankera Loans platform!
Direct Euro & Crypto Loans with Flexible Repayments
The fact that you can take out direct loans in Euro (also BNK - USDT - BTC - ETH - XEM) is a neat feature that I haven't seen too much before. This allows you to gain easy access to fiat currency, without having to sell your cryptocurrency assets.
After you've taken out a loan, you have one year to repay the loan. Repaying it early does not make you incur early repayment penalties. If you take longer than one year to fully repay your loan, it will get extended at a higher APR rate.
While choosing the terms of your loan, all the cost parameters will get updated automatically. This keeps the lending process fully transparent, allowing you to immediately gauge the cost of your desired loan.
You can repay both interest and your principal credit line with any currency that's supported by Bankera Loans. Do note that your account needs to be verified in order to make payments in Euro.
Get Interest Discounts by Using Banker (BNK) Tokens!
By using Banker (BNK) tokens for your interest payments, you will get a pretty significant discount on the amount of interest you're charged. To make use of this discount, make sure you have enough BNK tokens in your wallet to make 1 month's worth of interest payments.
You will currently receive a whopping 3% discount on interest rates, just by using BNK tokens for interest payments!
Excellent Live Support
If you have any questions about Bankera Loans services, you will immediately get the help you need through their live support system. Response time is fast and you will immediately get in contact with a Bankera support agent.
Do not be afraid to ask for help when it's your first time taking out a crypto-backed loan! Bankera Loan's support is there 24/7 to guide you through the process or alleviate any reservations you may have.
Conclusion
Bankera Loans could become a leading loan platform in the future. Their lending process is one of the simplest I've ever come across, that coupled with the fact that they also offer Euro loans makes them a force to be reckoned with.
Do take into account that it's always best to do your due diligence. I, the author, cannot be held responsible if anything goes wrong.
Bankera Loans Website: https://loans.bankera.com/