Interest discounts apply when you use NEXO as collateral or to make repayments. APR starts at 8% when you either repay your loan using NEXO Tokens or for the part of the loan that is backed by NEXO Tokens (the two cannot be combined). APR when not utilizing NEXO Tokens is 16%.
Articles in this section
- Is your platform centralized?
- Are your loans secured?
- Are there any prepayment fees?
- What is the difference between the Nexo loan and a term loan?
- Do I need to pay any loan installments?
- In what currencies can I obtain a Nexo loan?
- Do I have to pay tax on a Nexo loan?
- Can I borrow in other cryptocurrencies?
- What kind of loan transaction speed can I expect and how will my loan transaction be referenced?
- When do I start paying interest?