The loan interest rate is competitively low at 1.5%
What sort of collateral will be required to secure a loan and is there any limit to how much one can borrow?
To get a loan, a fixed income is important. That can be a labor income, but also a unemployment benefit. It depends on the type of benefit.
Your income will be the most important but there will also be many other criteria that determine whether you can get a loan, for example:
- The purpose of your loan.
- The term of the loan.
- Your age.
This will be assessed by professionals.
The limit that you will be able to borrow depends on which loan you want to take out.
In our next version of the whitepaper more information will be available.