I have used the service and it's pretty good.
One clarification on point 2 - basically to take advantage of the 8% you need to pay only the interest in NEXO tokens.
Principal is still due in BTC, ETH or fiat...which is quite handy since buying a large chunk of tokens on the exchange without moving the price can take a while.
Yeah, true. Persons receives 50% discount on interest if paid by nexo token on non nexo colaterized loans.
Generally loan takes 20-30 min on workday to arrive to the bank account.