The interest rate depends on your Loyalty Tier which is determined by the ratio between the value of your NEXO Tokens and the total value of your portfolio. Based on the Nexo-to-Portfolio ratio you will be placed in one of our four Loyalty Tiers:
- Base: No NEXO Tokens are needed; interest on your outstanding loan balance is 13.9%
- Silver: At least 1% of the Portfolio Balance in your account must comprise NEXO Tokens; interest on your outstanding loan balance is 12.9%
- Gold: At least 5% of the Portfolio Balance in your account must comprise NEXO Tokens; interest on your outstanding loan balance is 8.9%
- Platinum: At least 10% of the Portfolio Balance in your account must comprise NEXO Tokens; interest on your outstanding loan balance is 6.9%
To learn more about how our Loyalty Program works, please click here.
You should also know that:
- Interest is added to your outstanding balance daily at 00:00 CET
- The interest applied to your loans is compound interest i.e. it is calculated based on both the initial principal and the accumulated interest
- The minimum interest charge is 0.01 USD