FAQ

Getting a loan

How to get a loan?

Who can use Bankera Loans?

Why choose us?

In what currency can I borrow?

Can I use Bankera Loans if I do not have a EUR bank account?

What are your interest rates?

What crypto assets can I use as collateral?

How long does it take to get a loan?

What is the minimum and maximum I can borrow?

What is the maximum loan duration?

Are there any additional fees?

What are deposit and withdrawal fees and limits?

How long do external withdrawals take?

Can I have more than one loan at the same time?

Repaying a loan

How to repay the loan?

How do I pay interest?

Can I make an early repayment of the loan?

What happens if the value of my collateral falls in value?

How do LTV warnings work?

What happens if I miss the loan maturity date?

What happens if I am not able to repay the loan?

Verification

Do you have KYC/AML procedures?

Which countries are eligible for your service?

How long does KYC verification take?

General

What does it mean that your loans are denominated in Euros?

What are interest rates?

What is the Annual percentage rate (APR)?

What is collateral?

What is the Loan-to-Value (LTV) ratio?

Who is your custodian?

Will you offer deposits?

How is taking a loan different from margin trading on an exchange?

BNK token

Can I use BNK tokens as collateral?

What are the benefits of using BNK token?

Where can I purchase BNK tokens?

Do I get commissions for BNK tokens when they are in Bankera Loans wallet?

Security

Is Bankera Loans secure?

How to enable Two-Factor Authentication?