Hi guys, I added more collateral to reduce my LTV

Question

Hi guys, I added more collateral to reduce my LTV

under 20%. In the last two days under borrow for 0% interest I have been seeing only a positive number and unable to understand why I'm still being charged interest at 6.9%
How/when exactly is the LTV calculated to determine if it is above or below 20%?

#cryptocurrency #english #nexo

0

08.12.2021

6 ответов

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Tanya | Nexo | No support via DM

In order to check your current Loan-to-Value, there is a quick calculation you can do. Please follow the steps below: - Please go to the main page of your Nexo account and click on 'Repay'. - On the newly created dialog box, you shall see how much is your outstanding loan. - After that, you need to divide this number on your portfolio balance (which is shown on the main page of your profile). The resulting number is the current LTV percentage in your account.

0

08.12.2021

Waroon Автор вопроса

You might need to correct this instruction then. And I have been asking this specifically over the last 2-3days and was never told anything about the credit line being used to calculate LTV for the 0% loan

0

08.12.2021

Tanya | Nexo | No support via DM

Apologies for the confusion. The LTV is only calculated according to your current Credit Line wallet.

0

08.12.2021

Waroon Автор вопроса

Tanya | Nexo | No support via DM
Apologies for the confusion. The LTV is only calcu...

👍😊 no worries, I understand it better now. And I also need not worry about moving my XRP back to a supported wallet for the sologenic airdrop. Added it to reduce my LTV but apparently not enough for a 0% loan

0

08.12.2021

Waroon Автор вопроса

Waroon
You might need to correct this instruction then. A...

Just a follow up on this..the app needs a fix as well. Even now it shows me that I can borrow about 700$ for 0% I guess the calculation here is also based on total portfolio value and not just credit line

0

08.12.2021

Tanya | Nexo | No support via DM · Accepted Answer

Tanya | Nexo | No support via DM

What is your Loyalty tier?

0

08.12.2021

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Hi guys, I added more collateral to reduce my LTV

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