CeFi Loan
Last updated
Last updated
1- Once you selected a CeFi lender like Salt, the loan calculator will be displayed:
2- Select the Loan-to-Value ratio
Note: LTV refers to the percentage of your collateral value that you may borrow against. Example: If you borrow $5,000 and deposit Bitcoin worth $10,000, your LTV ratio would be 50%. However, if the price of Bitcoin were to go down, your collateral would be worth less, which would cause your LTV ratio to go up.
3- Select the Payback Duration term.
4- Select the repayment type: "Principal and Interest" or "Interest Only".
5- When you are satisfied with the criteria click continue.
5- Fill in the following information:
First Name
Last Name
Contact Number
Order/Invoice No.
Loan Amount
Description
Internal References(optional)
6- The loan summary will show on the screen:
7- Click "Submit Application" to submit.
8- A confirmation message will be displayed: