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What are Crypto-Backed Loans? πŸ’°
What are Crypto-Backed Loans? πŸ’°

Explaining the exclusive Crypto-Backed Loan feature introduced by Lenme and how Borrowers & Lenders can start using this feature.

Updated over 2 months ago

Crypto backed loans are loans secured with the Crypto-currency borrowers own. πŸ‘¨β€πŸ’»

As a borrower you can borrow up to $10,000 backed by the crypto you own. πŸ’΅

Lenme holds the cryptocurrency you authorize and once the loan is fully paid back, we return your cryptocurrency.

As a lender, you can invest in crypto-backed loans in the same way you invest in any other loan, however with crypto loans, in the case of a default Lenme liquidates the cryptocurrency and pays the remaining balance to your account at the end of the loan which makes this loan asset more secure, safe and worthy. βœ…

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