Your collateral is always visible to you on the blockchain. Log into your dashboard or monitor your collateral 24/7 directly on the blockchain for complete peace of mind with every loan.
No origination or early repayment fees. Choose flexible terms from 3 to 60 months with up to 60% LTV. Pay the minimum monthly interest or opt for equal amortized payments.
The safety of your collateral is our top concern. Your
collateral is never re-invested and is held in cold
storage wallets which are insured up to $250M.
We value your time. That’s why 90% of our clients complete sign-up and receive funds within 24 hours. With PayTense Lending, you get fast, efficient, and hassle-free service without compromising quality.
A compliant white label solution for financial institutions
looking to
offer Bitcoin-secured lending products to their
clients.
Talk to our solutions engineering and sales team
today!
How do I apply for a loan with PayTense Lending?
Unlike traditional loans that consider your credit score,
PayTense Lending offers crypto-backed loans, using your crypto
as collateral. You can use the Loan Calculator on our website
to estimate the amount of USDC you can borrow against your
Bitcoin or Ethereum.
To apply for a personal or
commercial crypto-backed loan, you need to:
1.
Open an account with
PayTense Lending.
2. Apply for a loan by filing out your loan details in
the loan calculator and clicking on "Apply".
3.
Our team will promptly review your loan application, and if
approved, you will receive your USDC loan in under 24
hours.
What is the interest you charge?
PayTense Lending charges the lowest rate in the industry -
12.99%.
There are no hidden fees, no origination
fees, no requirements to hold tokens or balance in your
account and you can repay your entire loan early should you
wish to do so with absolutely no penalty after only 3
months!
Don't believe we offer the best rates
in the industry? See for yourself below, what some of our
competitors charge in our blog.
How quickly do I get my funds?
The loan application process takes less than 15 minutes and
90% of our clients receive their funds within 24 hours of
applying. Your loan is sent directly to your USDC wallet
address once your loan is approved and we have received your
collateral.
Do you reinvest my collateral?
Your collateral is never reinvested. It is custodied with a licensed custodian in insured (up to $250M), segregated, multi sig, cold storage wallets and is visible to you on the blockchain for the duration of your loan.
What is loan-to-value (LTV)
Loan-to-value or LTV is the percentage of the loan amount in
relation to the market value of the cryptocurrency used as
collateral.
For example:
Loan amount: $50,000
USD
Crypto collateral value: $100,000 USD
LTV (%) =
($50,000/$100,000)*100% = 50%
If the value of the
collateral drops, for example to $60,000 then the LTV would
increase to ($50,000/$60,000)*100% = 83.3%
If the
value of the collateral increases, for example, to $150,000,
then the LTV would decrease to ($50,000/$150,000)*100% = 33.3%
What happens if the value of my collateral changes before I repay my loan?
If the value of your collateral increases (your
LTV decreases).
1. You can leave your collateral as is.
2. You
can withdraw a portion of your collateral (as long as the
resulting LTV is equal to or lower than your LTV at loan
origination).
3. You can sell a potion of your
collateral to pay off your interest and/or your loan principle
(as long as the resulting LTV is equal to or lower than your
LTV at loan origination).
If the value of your collateral decreases (your
LTV increases).
1. Once your LTV rises the Margin Call LTV stipulated in your
loan agreement our systems will periodically notify you via
email, of the current value of your LTV. You may choose to
send us more collateral or pay off a portion of your loan to
decrease your loan LTV, or you may choose to do nothing and
continue to monitor your LTV.
2. Once your
LTV rises to the Liquidation LTV stipulated in your loan
agreement, our system will automatically sell a portion of
your collateral to bring your loan LTV down to your your LTV
at loan origination. To avoid this scenario, monitor and top
up your loan collateral once it reaches the Margin Call
LTV.
At what LTV do you liquidate my collateral?
The liquidation LTV will be stipulated in your loan agreement.
We strive to give our clients the most flexibility with the
highest LTVs possible.
For example:
Loan
amount: $50,000 USD
Crypto collateral value: $100,000
USD
Origination LTV (%) = ($50,000/$100,000)*100% =
50%
Liquidation LTV = 90%
Your collateral
would have to fall from $100,000 to $55,555 before we
liquidate it to pay off your loan.
($50,000/$55,555)*100%
= 90%
Are there limits to how much I can borrow?
At PayTense Lending, you are able to get personal loans from as little as $10,000 USDC and business loans up to $10,000,000 USDC. At the current time we only offer loans in USDC. (https://www.circle.com/en/usdc).
What are the eligibility criteria for obtaining a loan?
We do not require a credit check or access to your credit
history in order to approve your loan.
You need
to create an account on our platform to apply for a loan. As
a regulated entity, we check our loan applicants against
local and international sanctions lists. Our team will help
you determine if you are qualified if you're not sure.
Which countries do you operate in?
For a full list of the countries we offer our services in please click here.
Where is my collateral stored?
Your collateral is stored in a segregated, cold-storage wallet with BitGo, a US-based market leader in regulated custody, and is insured for up to $250M. Your collateral is always visible to you on the blockchain for the duration of your loan (except for instances where collateral liquidation is required) and on your dashboard.
What security steps do you take to protect my Bitcoin while it's in your possession?
PayTense Lending works with world-class cyber security
experts to keep our systems and your information safe. Our
team has extensive experience managing cyber security and
blockchain risks.
We store your Bitcoin
collateral with BitGo, the world leader in qualified
custody. Your Bitcoin collateral with BitGo is covered by
$250M of insurance.
We move your Bitcoin
collateral to BitGo using Fireblocks, the world's No. 1
multi-sig provider. Your Bitcoin collateral is covered by
$35M of insurance when under Fireblocks control.
We undergo periodic penetration testing by
military-grade pen testing facilities and are the only SOC 2
audited lender verified by the
Canadian Lender's Association.
Our SOC 2 audit demonstrates our commitment
to data security and provides assurance to our borrowers
that we have implemented strong controls to protect your
data and ensure the reliability and integrity of our
services.
Does borrowing against my Bitcoin or Ethereum affect my credit score?
No! We do not contact your credit bureau. We do not pull any
soft or hard credit checks from your credit bureau. We do
not report back to your credit bureau.
Your loan
is solely backed by your crypto-collateral.
