Cion User Guide
  • Getting Started
    • Overview
  • Create an account
    • Registration
    • Verify your account
  • Product Features
    • Platform Settings
      • Manage your account
      • Login and Security
      • Manage Users
      • Manage Bank Accounts
    • Funds
      • Deposit USD
      • Withdraw USD
      • Deposit Crypto
      • Withdraw Crypto
    • Exchange(US only)
      • Buy Crypto
      • Sell Crypto
    • Crypto Loans
      • Wallet setup
        • US Account
        • Canadian Account
      • Creating New Loan
        • DeFi Loan
        • CeFi Loan
        • Depositing Collateral
    • Crypto Payments
      • Creating a Payment Request
        • Email Payment Link
        • Show Payment Address
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  1. Product Features
  2. Crypto Loans
  3. Creating New Loan

CeFi Loan

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Last updated 2 years ago

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

  • Email

  • 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: