A Decentralized Way to Maximize Crypto Investments

Emo Bank wants to innovate the traditional banking framework by bringing cryptocurrency in its folds. Emo Bank provides control, decentralization, and trust to the people and aims to solve the finance and banking system by integrating bank-level security measures. Therefore, this is where EMO Lending comes to give the users they want. EMO Lending is an integrated platform tied with EMO bank and Emocoin blockchain that lets users become the lender and borrowers based on the crypto assets. The platform offers users the option to loan their crypto in return for interest. It is based on a 'Smart Contract' between lenders and borrowers under financial terms and condition which every user need to follow.

How does EMO Lending Works

An EMO Backed loan uses Cryptocurrency as collateral, similar to a securities-based loan. The basic principle works like a mortgage loan in which you pledge your crypto assets to obtain the loan and pay it off over time. You can get this type of loan through a crypto exchange or crypto lending platform. While you retain ownership of the crypto you’ve used as collateral, you lose some rights, such as the ability to trade it or use it to make transactions. You may consider EMO lending because of the benefits they provide.

Who are connected?

EMO Lending Platform takes care of the transaction involving lending and borrowing. We have decentralized platforms with a group of individuals or companies operating behind the curtains who checks the authenticity of the assets.

The Lenders who want to lend crypto. This could be someone holding cryptocurrencies or just some looking to grow his assets.

The borrowers looking to obtain funds. It could be an individual or a business looking for fundings and should use crypto or fiat assets as collateral to get funding.

Type of Loans Provided by EMO Lending

Project Related Loans
Business Loan
Personal Loan
Medical Loan
Development Loan
Car Loan
Student Loan
Bridging Loan

Benefits of EMO lending

Compared with traditional secured loans, EMO loans have unique features that can make them appealing for some crypto enthusiasts:

Low-interest rates: While Crypto loans are generally not as cheap as a mortgage or car loan, EMO backed loans are an inexpensive alternative to personal loans and credit cards.

Based on asset value: In many cases, you can borrow up to 75 percent of your portfolio value.

Choice of loan currency: EMO Lending enable users to get a loan in their respective local currency with minimal transaction fees.

Fast funding: Once the loan is approved, users can get their loan funds in as little as a few hours.

Ability to lend crypto: EMO Lending allow you to lend your own digital assets and receive a high MPR — sometimes upward of 10% in return.