Quote from: traveler007 on July 25, 2019, 07:24:36 PM

Quote from: Bankera on July 24, 2019, 12:35:10 PM

Yes, you can withdraw the loan in euros and use BNK to repay the loan.

There are two types of payments that have to be made to service the loan:

1. Interest payments. Starting a month after you take a loan they are debited automatically every month from your Bankera Loans wallet on the same day when the loan was issued (or on the last day of the month if the month does not have enough days) at 00:00 UTC. Interest payments are debited from the assets you keep in your wallet on Bankera Loans. If you have enough assets in your BNK wallet, the interest payment will be charged from there, and a lower interest rate will be applied. If you do not have enough assets in your BNK wallet, the interest payment will be charged from your other wallets, granted you have enough assets there. If there are not enough assets in the mentioned wallets, the interest amount will be added to your loan.

2. Loan principal repayments. You can repay the loan by logging in to your account, going to your loan page and clicking the repay the loan section. You can repay it in EUR, BNK, USDT, BTC, ETH, XEM, and DASH. There is no minimum repayment or a loan schedule. Ensure that the loan is repaid before the loan maturity date, otherwise, we will extend the loan for a year, but at a higher interest rate.

Take a look at: https://loans.bankera.com/faq

What is credit rate per month? And how are you calculating BKX token rate? How much funds you given away as loans already? Are you going provide monetly or quarterly report about this?

Interest rates are the cost of borrowing the principal loan amount, expressed as the percentage of the principal. In traditional banking, they can be variable or fixed. At Bankera Loans we only use fixed interest rates.
We have excellent loan rates and there are no hidden fees. Paying with BNK tokens provides the lowest interest rates. You can always check our latest interest rates in our Loan Terms section: https://loans.bankera.com/#loanTerms