Introducing EQIFi's New Crypto-Backed Loans
At EQIFi, we are excited to introduce our latest innovative financial solution: Crypto-Backed Loans. This new product is designed to help you leverage your digital assets without having to sell them, providing you with liquidity while preserving the potential for future gains. Here’s everything you need to know about how our crypto-backed loans can work for you.
What Are Crypto-Backed Loans?
Crypto-backed loans allow you to use your cryptocurrency holdings as collateral to secure a loan in fiat currency. This means you can access liquidity without having to sell your digital assets, enabling you to retain potential future gains in the crypto market.
Key Features of EQIFi’s Crypto-Backed Loans
Flexible Loan Terms: We offer various loan durations to suit your financial needs, including 12, 18, 24, and 36-month options. This flexibility ensures that you can choose a repayment schedule that aligns with your financial strategy.
- Competitive Loan-to-Value (LTV) Ratios: Our LTV ratios range from 60% to 70% depending on the loan term. This means you can borrow a significant portion of your crypto assets’ value.
- Non-Recourse Structure: Our loans are non-recourse, which means you are not personally liable beyond the collateral you have provided. In case of default, only the collateral is at risk, not your other assets.
- Low-Interest Rates: We offer competitive interest rates starting from as low as 3% per annum, depending on the loan duration and collateral value. This ensures you get the best possible terms for your loan.
- Wide Range of Acceptable Collateral: We accept major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and others among the top five by market cap. This provides you with the flexibility to use your preferred digital assets as collateral.
Benefits of Crypto-Backed Loans
- Access to Liquidity: Crypto-backed loans provide immediate access to funds without the need to liquidate your digital assets. This is ideal for meeting short-term financial needs or taking advantage of investment opportunities.
- Preserve Potential Gains: By using your crypto assets as collateral rather than selling them, you can retain the potential upside from future price increases in the crypto market.
- No Credit Checks: Our loans are secured by your crypto collateral, so there’s no need for credit checks. This makes the process quicker and more straightforward.
- Privacy and Security: We ensure that your personal and financial information is kept secure and confidential throughout the loan process.
How to Apply
Getting started with a crypto-backed loan at EQIFi is simple and straightforward:
- Initial Inquiry: Contact our team to express your interest in a crypto-backed loan. We will guide you through the initial steps and provide detailed information about the loan process.
- Collateral Assessment: Choose the cryptocurrency you wish to use as collateral and we will assess its value based on current market prices.
- Loan Application: Complete the loan application form, providing necessary personal or corporate information as required.
- Loan Approval: Once your application is reviewed and approved, the loan terms will be finalized, and you will receive your funds in the agreed fiat currency.
EQIFi’s crypto-backed loans are a smart way to leverage your digital assets, providing you with liquidity while preserving the potential for future gains. Whether you need funds for personal use, business expansion, or investment opportunities, our flexible loan terms, competitive rates, and secure platform make it easy and advantageous for you to access the funds you need.
Contact us today to learn more about our new crypto-backed loan offerings and how you can get started.