Bitcoin Pe Loans

Bitcoin Pe Loans

Bitcoin Pe Loans

Instead of selling Bitcoins for liquidity, borrow against it and benefit from the price rise

Instead of selling Bitcoins for liquidity, borrow against it and benefit from the price rise

Instead of selling Bitcoins for liquidity, borrow against it and benefit from the price rise

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Use Cases

Use Cases

Use Cases

Hodlers

Why let your bitcoins sit idle if you can actually make additional returns in the mutual fund or derivatives markets!

Emergency Loans

You can use bitcoin as collateral to get emergency personal and business loans!

Traders

Take advantage of the market situation by making additional returns using bitcoin loans. May be you can even buy bitcoins using this!

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How does it work?

How does it work?

How does it work?

Complete KYC

Verify your Aadhaar, PAN, Bank Account. Whitelist your crypto wallet.

Deposit Bitcoins

Deposit your bitcoins to the MPC wallet created for you and get a fiat credit line allocated for you

Take fiat loans

Choose the amount, tenure and get fiat loans deposited to your account instantly

Get your crypto loans

Get your crypto loans

Get your crypto loans

10-15%

APY

1M - 24M tenure

LTV of 50% - 70%

Multiple Margin calls

Liquidation Point of 90%

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Features

Features

Features

Instant Credit

Loans will be deposited to your bank accounts instantly after receipt of BTC

Security & Ownership

BTC's will be stored in secure MPC wallets, part of whose keys you will own

Flexible Repayments

You can choose to repay monthly or one time depending on your needs

Tokens Supported

We plan to support bitcoins initially and will launch support for other tokens soon

Credit Score doesn't matter

We are able to provide you loans with out credit scores as the loans are collateral backed

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FAQ

FAQ

FAQ

What is a bitcoin backed loan?

Bitcoin backed loan is a solution where you get loans with bitcoins as collateral. This allows you to maintain ownership of bitcoins and at the same time maintain liquidity.

How to get a loan?

We are currently building the product. You can signup for early access to the product and we will keep you posted of your progress!

How does bitcoin loan works?

Based on the market value of the bitcoins you deposit, we issue a fiat credit line at an LTV ratio of 60% post which you can withdraw your loan to the bank account at any point of time. The LTV ratio we offer the loans at can change based on market situation.

Can I take loans for my business?

Initially we plan to offer loans for Individuals. Business loans is very much in the pipeline!

What regulatory framework does this business fall under?

Crypto products including bitcoins are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Can you legally lend INR against bitcoins in India?

We are not providing lending service but rather facility service. We provide you with cash in advance.

What is LTV?

LTV means loan to collateral ratio. For example if you deposit bitcoins worth 1L then at an LTV of 60% you can loan a maximum of 60K INR

What is margin call?

If bitcoin price drops and the LTV increases, we provide you the option to rebalance the LTV by topping up bitcoins again.

What is Liquidation Point?

It is the point at which we will liquidate your bitcoins to recoup fiat

How are you ensuring token security?

We are storing your bitcoins in an MPC wallet, part of whose keys you will hold.

How can I avail loans at lower rates?

By allowing us to monetize bitcoins you provide us the opportunity to offer you loans at lower interest rates. But it comes at the cost of higher risk.

What is a bitcoin backed loan?

Bitcoin backed loan is a solution where you get loans with bitcoins as collateral. This allows you to maintain ownership of bitcoins and at the same time maintain liquidity.

How to get a loan?

We are currently building the product. You can signup for early access to the product and we will keep you posted of your progress!

How does bitcoin loan works?

Based on the market value of the bitcoins you deposit, we issue a fiat credit line at an LTV ratio of 60% post which you can withdraw your loan to the bank account at any point of time. The LTV ratio we offer the loans at can change based on market situation.

Can I take loans for my business?

Initially we plan to offer loans for Individuals. Business loans is very much in the pipeline!

What regulatory framework does this business fall under?

Crypto products including bitcoins are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Can you legally lend INR against bitcoins in India?

We are not providing lending service but rather facility service. We provide you with cash in advance.

What is LTV?

LTV means loan to collateral ratio. For example if you deposit bitcoins worth 1L then at an LTV of 60% you can loan a maximum of 60K INR

What is margin call?

If bitcoin price drops and the LTV increases, we provide you the option to rebalance the LTV by topping up bitcoins again.

What is Liquidation Point?

It is the point at which we will liquidate your bitcoins to recoup fiat

How are you ensuring token security?

We are storing your bitcoins in an MPC wallet, part of whose keys you will hold.

How can I avail loans at lower rates?

By allowing us to monetize bitcoins you provide us the opportunity to offer you loans at lower interest rates. But it comes at the cost of higher risk.

About Us

About Us

About Us

Aravind Chandrasekaran

10+ years of experience in product & strategy; Ex - Rapido, Grip Invest, Onmeta
Twitter | Linkedin

Nikhil Tiwari

3+ Years of building successful quants strategies
Twitter | Linkedin

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