The loan-to-value ratio is the related difference between the loan amount and the current market value of the collateral. The higher the LTV, the more loan funds you will receive, but at the same time the margin call will be higher.
Loan Term
The loan term depends only on your wish to buy your collateral back and close this loan or on reaching the liquidation limit.
Monthly Interest Rate
APR (Annual Percentage Rate) will be
Monthly Interest
Interest rate is accrued every month from the moment of getting the loan and is paid at the moment of full or partial repayment of the loan
We make it simple to get and manage your USD Coin loan.
Set up your loan using USDC (ETH) as a collateral, then confirm it with your phone number/email and provide the address where you’d like to receive the funds.
Send us the collateral, and we’ll transfer the loan amount to your payout address with no delays or additional checks.
Use your loan for as long as you need. We’ll keep you informed about the rate of your collateral currency over time.
You can repay your collateral anytime. Just pay the full repayment amount, and once we receive it, we’ll return your collateral.
USDC lending works differently on different websites; however, the standard procedure involves using mainstream cryptocurrencies used as collateral for loans. This then offers enough security to stablecoin lenders who rely on collateral as security.
Loans are usually issued out in the form of USDC, which explains why they are referred to as USDC loans.
At CoinRabbit, the process isn’t entirely different, except that it is swift and straightforward. USDC loans take about 5 to 15 mins to be processed. CoinRabbit ensures that they notify you about the status of your collateral currency to plan or avoid liquidation.
CoinRabbit refunds the exact amount of collateral deposited to its users as long as the loan repayment is completed, including the 14% APR.
Head over to Coinrabbit’s USDC loan page, and Enter the amount of collateral you want to deposit. The loan calculator will give you the exact amount of loan amount that you will receive in the form of USDC. Click confirm, and you’ll be directed to a page where you’ll Enter your USDC address and phone number and click Get Loan. From there, your loan will be processed within minutes.
To the maximum extent permitted by applicable law, in no event shall the Company or its suppliers be liable for any special, incidental, indirect, or consequential damages whatsoever (including, but not limited to, damages for loss of profits, loss of data or other information), even if the Company or any supplier has been advised of the possibility of such damages and even if the remedy fails of its essential purpose.