How to get your loan?
By: Hodl Finance
Tags: Fintech, Lending, Cryptocurrency, Credit Cards, Bitcoin

With HODL Finance getting cash for everyday needs is easy. Anyone with verified identity can get a loan of up to $50,000.

One of the greatest benefits of crypto-backed loans, in general, is availability. You can collect your loan anywhere and anytime. Anyone meeting set requirements can get a loan around o’clock.

A loan is granted and money transferred once cryptocurrency is collateralized by a blockchain asset, for example, Bitcoin or Ethereum or our partner token.

There are various convenient ways to receive a loan, it is up to a consumer to choose the most preferable option.

(continue reading below)

Credit Card — immediately

One of the easiest ways to collect your crypto-backed loan from HODL Finance is to apply for HODL Finance credit card. HODL Finance credit card can be ordered straight to your home, office or holiday house and most importantly is completely free of charge.

The loan amount will be transferred to your HODL Finance credit card the same day, including weekends and public holidays.

Your Bank Account

You can receive a crypto-backed loan directly to your bank account. Here are several options available worldwide:

SEPA — Same / Next Day

European clients can choose a SEPA transfer option. This option is slightly slower and the amount of a loan will be transferred from one European bank account to another the same or next day.

Just to remind you, the Single Euro Payments Area, or SEPA, is a payment-integration initiative of mostly European Union (EU) members for simplification of bank transfers denominated in euro. SEPA has 35 member states — all 28 European Union member states, plus Iceland, Liechtenstein, Norway, Switzerland, Andorra, Monaco and San Marino, as of 2018.

ACH — Same / Next Day

Automated Clearing House, or ACH, similarly as SEPA, is an electronic network for financial transactions in the United States. This option is also slightly slower and transfer of a loan is being processed the same or next day.

SWIFT — in 3–5 Days

The Society for Worldwide Interbank Financial Telecommunication, or SWIFT, to put it simply, is an international bank transfer service enabling money transfer from the bank in one country to the bank in another. It’s the slowest option of loan transfer and can take up to 3–5 days.

SWIFT provides a network that enables financial institutions to send and receive information about financial transactions worldwide. The majority of international interbank messages use the SWIFT network because of its secure, standardized and reliable systems. As of mid-2017, SWIFT send more than 7 billion interbank messages.

Choose the best option for you

As you can see, there are many options to choose from. Choose wisely and consult HODL Finance team if you have questions.

HODL Finance is a leading financial services company for the age of new digital economy. Serving clients around the world, HODL Finance issues loans, while accepting cryptocurrencies, partner tokens, and other digital assets as collateral.

HODL Finance was established in 2018 by the team behind commercially successful European P2P lending platform SAVY.