You are free to distribute funds from your BitToro Loan to your specific needs or financial goals. Different borrowers around the world have different requirements and preferences for how long they will use their BitToro loan funds. As people in the lending business for over 10 years, we know how important it is for our clients to have access to cash when they need it. That's why we cater for both small and large requests so that our clients can pay day-to-day expenses or take advantage of a good investment opportunity.
Since the minimum loan amount is $50 in stablecoins and $500 in fiat currency, and the maximum is $2,000,000, it is clear that you can cover a wide range of expenses and/or purchases. You can also use your BitToro Loan to invest in crypto using Tether (USDT) or UCD Coin (USDC) for withdrawals.
Please be aware that the interest applied to your loans is compound interest, i.e. they are calculated on the basis of both the original principal and accrued interest.