Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ICO] CEREAL - BLOCKCHAIN ECOSYSTEM FOR ASSET-BASED LOANS
by
Valareos
on 25/07/2018, 18:56:44 UTC
This name makes me hungry for a reason.. :O
I start my day with Cereal too Smiley

Best
CT
Hello, this seems to be a good project as these days the demands of loan using crypto using assets are increasing.
Between how will be the loan amount and monthly payments be tracked?

Hi, After the client transfers his assets to Cereal as deposit, we transfer the fiat money to the client’s account. Information about monthly payments and the current loan status is shown in the client’s personal account. The client can make monthly payments using the service of the Cereal partner - a financial institution operating in the region of loan issue. After full loan repayment, the deposit is returned to the client’s wallet.

Best,
CT.
Of course the platform will include a loan calculator and will provide notification to keep us updated about our profile. I have used another platform before where they have these kind of loan calculator and option to choose the crypto we want to keep as investment/lend.