Q1. What qualification does the user have to meet to borrow on Bitrust Limited Loan?
Q2. What crypto can users borrow on BiTrust limited Loan?
A2. Bitrust Limited Loan supports the borrowing of several cryptos, including Bitcoin and Ethereum. You can check out the Borrow page on Bitrust Limited Loan for more information.
Q3. How much is the collateral fee per loan?
A3. Bitrust Limited Loan collateral fee is 10% of requested Amount.
Q4. How long are the loan terms for Bitrust Limited Loan?
A4. Loan terms of 14, 90, 120, and 182 days are available. You can always repay in advance and the interest is calculated based on the days borrowed.
Q5. How is the interest calculated?
A5. Interest is calculated daily, and less than one day is calculated as one day. The interest rate is determined by the date you make the loan.
Q6. How do I repay the interest and principal?
A6. You have to repay them manually on the Order page. The interest has to be repaid before the principal.
Q7. Can I make a full repayment before the due date?
A7. You can always repay in advance, and the interest is calculated based on the days borrowed.
Q8. What happens if my loan repayment is overdue?
A 8. We give an overdue duration of 3 days (for loan term 14 days and 90 days) or 14 days (for loan term 120 days and 182 days), during which you will be charged 3 times the daily interest. If you do not repay after overdue duration, we will liquidate your Bitrust Limited Account and that of your referral to repay your loan.