If i take a loan at 0% interest and my

Question

If i take a loan at 0% interest and my

LTV drips from 30% to 15% due to bitcoin price going to half from now, will my i interest then be lifted to 6.9%?

or is my loan fixed at 0% and i can put all spare funds from my credit line wallet to the savings wallet?

#cryptocurrency #english #nexo

0

01.01.2022

9 ответов

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Peter | Nexo | No support via DM

You can check this article for further information: https://nexo.io/blog/hello-0-borrowing-rates

0

01.01.2022

Monsieur FUDleur Автор вопроса

Moshood Abu
You'll get charged the due Interest on the days yo...

And do I need funds in the Credit Wallet, that generate no interest, to avoid falling below 20% due to small price changes?

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01.01.2022

Monsieur FUDleur Автор вопроса

Thanks! It mentions that I'm able to "borrow more" and therefore get the higher LTV. It does not mention what happens, when I have 0 "spare collateral", all collateral in BTC and then BTC drops in price. This would mean that my LTC goes to 21%+ and therefore I automatically have to pay the 6.9% interest, right?

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01.01.2022

Monsieur FUDleur Автор вопроса

Monsieur FUDleur
Thanks! It mentions that I'm able to "borrow more"...

please 🥺

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01.01.2022

Jesur | Nexo | No Support via DM

Monsieur FUDleur
please 🥺

If your LTV goes above 20% the normal borrow rates would take place, you are correct.

0

01.01.2022

Monsieur FUDleur Автор вопроса

Jesur | Nexo | No Support via DM
If your LTV goes above 20% the normal borrow rates...

And to raise the LTV, i have to keep spare coins in the credit line wallet? Fixed Term coins from the savings wallet would bot count right? What about flex term coins from the savings wallet?

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01.01.2022

Jesur | Nexo | No Support via DM

Monsieur FUDleur
And to raise the LTV, i have to keep spare coins i...

To lower the LTV you would need to add assets in your credit line wallet, which assets you put in your credit line wallet is entirely up to you.

0

01.01.2022

Monsieur FUDleur Автор вопроса

Jesur | Nexo | No Support via DM
To lower the LTV you would need to add assets in y...

ok thank you!

0

01.01.2022