THIS FUNCTIONALITY IS CURRENTLY ONLY AVAILABLE FOR ISLE OF MAN BASED USERS AND UK BASED BUSINESS ACCOUNT HOLDERS.
Users are now able to take out an asset-backed loan from within their CoinCorner account using the bitcoin holdings in their account as collateral. Customers can take out up to five loans, for as low as £100, and the maximum single loan amount that can be taken is £100,000 (and a maximum total of £100,000).
Users can borrow up to 50% LTV (loan-to-value) and our latest rates will be displayed when creating your loan.
Users can take out multiple loans on the same CoinCorner account if they wish, and all loans are paid back over a 12 month term. Following the first repayment date the borrower may make full or partial repayments at any time.
You can find a guide on taking out a Bitcoin Backed Loan here.
Have any questions? Get in touch!