To place Loan request You must make an appropriate application through the CoinLending Platform, filling out the provided form and listing the required information, including:
– Loan Amount
– Collateral Cryptocurrency
– Loan Term
additional optional parameters provided by the Loan Application form.
The minimal amount of the Collateral shall be calculated on the basis of the LTV ratio. In any event, the Loan Amount shall not exceed the percentage of the Collateral as defined on the Platform’s LTV section. The Collateral value drop below the LTV Liquidation Threshold set by us, we generally notify the Borrower, who will be obligated to remedy the situation according to the signed Loan Agreement.If the Borrower fail to remedy the situation, we convert Your Collateral to the currency of the Loan Agreement, repaying the Loan Amount and interest.
All the above-mentioned parameters, rates, or values are subject to change without any prior notice to You at our sole discretion.