Due to the increasingly growth of the use of cryptocurrencies as well as the complexity and length of the processes of receiving loans from banks, the use of the Blockchain platform has been developed as an alternative path in the world.
ITB provides loans to applicants while developing blockchain-based tools to support traders. In this plan, users can get a loan by depositing their cryptocurrencies without needing a guarantor and going through long processes.
The cryptocurrency lending system is getting widespread in the world. You can easily with a few clicks get your loan without the need of a guarantor with the lowest interest rate (1%). Note that this plan is suitable for those who intend to keep their principal (HODL) and get a loan with 65% of the value of the collateral
Send a cryptocurrency loan request to ITB support through the user panel.
Client should read and complete the cryptocurrency loan application form then send it back to the ITB support team.
Confirmation of the contract by ITB and deposit of cryptocurrency by the client in the user panel wallet.
Receive cryptocurrency loan in less than 24 hours after deposit.
1. the amount of the loan received is equal to 65% of the value of the collateral (LTV = 65%) provided by the borrower.
2. Depositing the collateral is done through one of the cryptocurrencies available on the ITB platform
3. Both repayment of the loan and interest is only possible through the ITB wallet of the user account.
4. The minimum loan amount is equal to 100 (one hundred) dollars and the maximum is equal to 20,000 (twenty thousand) dollars.
5. The minimum loan length is one month and the maximum is twelve months.
6. cryptocurrency loan interest rate is (12%)twelve percent per annum or (1%) one percent monthly, which will be paid monthly by the borrower to the ITB.
7. The deadline for payment of the monthly interest on the loan is up to the due date of the interest payment, and in case of delay in payment, one percent of the total value of the loan will be received daily as compensation.
8. if due to fluctuations in cryptocurrency rates or delays in the payment of interest by the borrower, it can be liquidated by the ITB under the following conditions:
The amount of the loan is equal to the quorum of Liquidation LTV, which is equal to 80% of the total deposit collateral.
After reaching the quorum of the loan margin Call, which is equal to 75% of the total amount of the deposit collateral, the borrower is obliged to upgrade the deposit to LTV = 65%, if Failure to upgrade the deposit by the borrower within seven days after reaching the quorum of the Margin call, the ITB is allowed to liquidate the deposit collateral.
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The process of getting this loan was easier than I thought!
I needed cash to avoid a margin call. That's why I entered my crypto into ITB and saved myself from margin call
For me, who was not very familiar with this system, it seems very difficult to do the process online, but the ITB support team guided me well and I managed to get a loan easier than I thought.
I needed liquidity for a safe and profitable position, so I entered my crypto into ITB and after 6 months I repaid the loan with the profit of that position and was able to get my crypto back again.
The process of getting this loan was easier than I thought!
I needed cash to avoid a margin call. That's why I entered my crypto into ITB and saved myself from margin call