At PayTense Lending, we offer a revolutionary financing option for crypto investors and anyone seeking alternative financing solutions. Our Ethereum Backed Loans allow you to leverage the value of your Ethereum (ETH) to access cash without foregoing your investment potential.
Get quick access to funds for your financial needs without selling your Bitcoin.
Qualify for a loan based on the value of your Bitcoin holdings. No credit checks are required!
Your Bitcoin remains in secure cold storage throughout the loan term.
Your privacy is our top priority. PayTense Lending is fully compliant with PIPEDA requirements.
PayTense Lending is a leading provider of Ethereum-backed loans,
revolutionizing the lending landscape by offering innovative and
compliant financing options that leverage the power of
blockchain technology.
Ethereum backed loans are a type of secured loan where you use
Ethereum as collateral to borrow cash. Unlike traditional loans
that rely on credit scores, Ethereum backed loans are backed by
the value of your cryptocurrency. This makes them a viable
option for individuals with limited credit history or those
seeking alternative financing solutions.
At PayTense
Lending, your security is our priority. We prioritize
transparency and trust. That's why your Ethereum collateral
is never reinvested. Instead, it's held in insured
segregated cold storage and remains visible on the blockchain
throughout the loan duration.
Bitcoin (BTC) is considered digital gold, serving as a store of value, while Ethereum (ETH) operates as a versatile blockchain platform for decentralized applications (dApps) and smart contracts. Ethereum's supply is unlimited, unlike Bitcoin's capped supply. Popular Ethereum wallets like MetaMask, MyEtherWallet, and Ledger Nano S enable users to manage their Ethereum tokens easily.
At PayTense Lending, our interest rates for Eth are competitive
and tailored to accommodate the needs and risk profiles of our
clients. Factors such as loan duration, loan amount, and market
conditions may influence the interest rates offered. We strive
to provide transparent and fair terms, ensuring that our clients
receive competitive rates that align with industry standards. We
currently charge 12.99% APY on our Ethereum-backed loans.
In the event of a decline in the value of your Ethereum
collateral during the loan term, our team may take proactive
measures to mitigate risk and maintain the integrity of the
loan. These measures may include adjusting the loan-to-value
(LTV) ratio, offering options for additional collateral, or
providing alternative repayment arrangements. Our priority is to
ensure the stability and security of your loan while
safeguarding your interests. Should the LTV of your loan
increase to 95%, our team will conveniently and automatically
liquidate your collateral and pay back your loan on your
behalf.
The approval process for an Ethereum Backed Loan at PayTense
Lending is swift and efficient. Upon submission of your loan
application, our team conducts a thorough evaluation, leveraging
blockchain technology for transparent verification. While
approval times may vary depending on factors such as application
complexity and verification requirements, we strive to provide
timely responses to our clients and issue the loans within 24
hours of application. Rest assured, we prioritize efficiency
without compromising the accuracy and reliability of our
assessments.
Once your loan is approved and the terms are accepted, you can
expect to receive the loan funds within 24 hours. At PayTense
Lending, we understand the importance of timely access to
capital, especially for urgent financial needs or business
opportunities. Our streamlined funding process ensures minimal
delay in disbursing funds to our clients, enabling them to
execute their financial plans with confidence and efficiency.
Get a loan in 3 easy steps!
