Lending
What happens if I do an early Loan Payment?
If you do the early payment of EMI, it will only get paid to the loan on the date of the monthly repayment date. Benefit: You can close the loan by paying all the pending fees, penalties (if any), pending EMIs in case of EMI plan or pending principal ...
What happens if the value of my crypto asset increases or decreases?
If the value of the collateral decreases below a notification threshold, then you would get notifications on email. If it falls below the liquidation threshold, then the BTC present in the lending wallet gets added to the loan account collateral or ...
What is the collateral amount?
To obtain a loan equal to x USDT, Unocoin obtains collateral in bitcoin whose total value is greater than x. The value of bitcoin at the time of collateralization is called collateral amount (y). Example for collateral amount: In this example you can ...
What is the monthly Repayment Date?
EMI plan has the option to choose a date between 1st to 20th of the month on which instalment payment will be scheduled and automatically deducted from the lending wallet.
Lending
Lending is a feature that enables the user to keep his/her bitcoin as a mortgage and pay USDT/INR against it. It works just like a loan, where you get to choose your number of EMI. The benefit of this feature is that you don’t have to lose your ...