Monday, November 1, 2021

3 BEST PLATFORMS TO GET AN INSTANT ONLINE LOAN EVEN WITH BAD CREDIT

It's never a bad idea if you borrow an online loan  and inject it into your business for expansion. Loans are some of the ways for financing a business. Online loans can also be used for personal use.


Today, the internet has made it easy  to borrow or seek credit facility. With most online loans, you don't actually need to fill a five or ten paged document before your loan would be approved. Some of the online loans also don't even consider your credit history before giving you a loan.


Below are the 3 Platforms to get an instant online loan even with bad credit history.


1. BlockFi


BlockFi is a cryptocurrency investment website that provides crypto savings accounts and also allows you to lend and earn interest on your lending or holdings. 


It was founded by Flori Marquez and Zac Prince in August 2017.


BlockFi is located in New Jersey, U.S.A and it's trusted by over 1M+ verified clients and 350 global institutions to manage over $10b in assets.


According to Yahoo Finance " BlockFi crypto credit cardholders are getting a better deal than expected...…."


BlockFi made it on "Forbes 2021 Fintech 50 List"

Blockfi


How does BlockFi online loan works?


You can borrow money at rates as low as 4.5% APR from BlockFi. Before you apply for a loan, you will be required to deposit bitcoin or cryptocurrency as collateral for the loan.


If you have bitcoin or other cryptocurrency, don't sell it. Keep it and apply for loan at BlockFi.


You can buy bitcoin here with any payment method in your country if you don't have it. 

 

Benefit for taking loan at BlockFi

BlockFi is an investment platform that has an Interest Account for all their clients. You can put the money you borrow into an Interest Account and earn up to 9% APY interest from it before you repay the loan. This is a smart way of making money.

You earn interest daily on your cryptocurrency or bitcoin and it is paid monthly. Interest could be earned up to 9% APY.


                                                       
 Other Features

  • Coins :BlockFi offers these cryptocurrencies (BTC,ETH,LTC,USDC, and GUSD) on teir platforms.

  • Fees : No commission.


  • Withdrawal : Deposit and withdraw at any time.

  • Promo Bonuses : New Customers to BlockFi can receive up to a $250 Bitcoin (BTC) bonus when you make a qualifying deposit up to $100  and keep it for some time.

  • Security : Majority of assets are kept in cold storage (offline). All “hot wallet” storage servers have a security rating of FIPS 140-2 Level 3 or higher. SOC 2Type 1 Security compliant.

  • Insurance : Digital asset insurance provided by Gemini protecting against the loss of cryptocurrency related to security breaches, fraudulent transfers or employee theft.


  • Products: Cryptocurrency savings accounts, loans and trading.


You can create a free account here and deposit some money in it and allow it to earn interest for you. Interest in your BlockFi Interest Account is paid out monthly in Bitcoin, Ether, Litecoin, USD Coin or Gemini Dollar. You have to select the coin in which your interest is paid in.

                                     

   Sharing my experience for verifying my Account At BlockFi


  • Log into your e-mail inbox to confirm your e-mail address after creating an account or registering.

  • Log into your BlockFi Account and choose “Individual” if you are investing for an individual.

  • Fill the spaces with your information: Country name, Street Address etc

  • Click on continue to fill other personal information until you reach “Complete Identity Verification.”

  • Click on “Complete Identity Verification.”

  • Click on “Begin Verifying.

  • Choose your country and click on “Select.”

  • Choose the Government ID or document you want to use for verification. You can use either National ID Card, Passport or Driving License as identity document during verification.

  • Warning: Please, don’t choose “Upload a Photo.” Scanned or copied ID or documents will be rejected by the system.


  • Hold your National Identity Card and capture the front with your Phone Camera in a good day light (not in darkness). Remember, the background of the picture is not important so don't worry about it.


  • Click on “Retake Photo” if it is not good.

  • On the next page, Click on the “Camera Icon” in the blue button or box.

  • Hold your National Identity Card and use your phone to take picture of the back of your National Identity Card. Remember, the background of the picture is not important so don't worry about it.

  • Click on “Use this Photo” if it’s clear..

  • Click on “Retake Photo” if it is not good.  Now, the system will upload your documents

  • On the next page, click on “Get Started” to start face verification.



  • Look on your phone, Centre your head in the circle, and move your head slightly right in a good day light.

  • Continue moving your head right and in the Centre of the circle until it gets verified.


BlockFi will use 1-2 business or working days to review your documents and approve your account.


Note: Any update on the verification will be sent to you through the e-mail you used for registration. Therefore, you must keep on checking your e-mail inbox within the 1-2 business or working days.


 Join BlockFi here   and receive up to a $250 Bitcoin (BTC) bonus when you make a qualifying deposit.



 2. Coin Loan


CoinLoan is a peer-to-peer lending company which was established in 2017.CoinLoan is very safe and gives maximum security of the lender’s cryptocurrency assets and the borrower’s collateral.

Coinloan

CoinLoan is located in Tallinn, Estonia and is trusted by millions of people.  


How does CoinLoan online loan works?


You can borrow money at rates as low as 4.5% APR from Coin Loan. Before you apply for a loan, you will be required to deposit bitcoin or cryptocurrency as collateral for the loan.


If you have bitcoin or other cryptocurrency, don't sell it. Keep it and apply for loan at Coin Loan.


You can buy bitcoin here with any payment method in your country if you don't have it. 

 

Benefit for taking loan at Coin Loan

Coin Loan is an investment platform that has an Interest Account for all their clients. You can put the money you borrow into an Interest Account and earn up to 12.3% APY interest from it before you repay the loan. This is a smart way of making money.

The interest rates for the Assets include : Euro (EUR) 12.3% APY, Pound Sterling(GBP) 12.3%, Bitcoin(BTC) 7.2% APY, Tether (USDT)12.3% APY, Ethereum(ETH) 7.2% APY etc



Other Features


  • Fees : All transactions are FREE of charge. Lenders can withdraw, register, process payment or undertake transactions without additional fees.

  • Withdrawal : Users have the privilege to withdraw money whenever they want.

  • Coins : CoinLoan accepts many cryptocurrencies, including BTC, ETH, LTC, XMR, USDT, and USDC.

  • Deposit : While the deposit limit of CoinLoan largely depends on the cryptocurrency value, in most cases, the lowest deposit possible is $100.
                
Sharing my experience for verifying my Account At CoinLoan

  • After creating an account with e-mail and using the code sent to you through e-mail by CoinLoan to activate your account, you can follow the steps below to verify your account.

  • Log into  your account after registering and activating it.

  • Click on My Account at the right side of your dashboard. My Account is just close to your "Profile Picture" at the right side of your dashboard.

  • After clicking on My Account, these items : settings, reports, verification and logout will show up.

  • Click on verification. The verification includes three stages, namely Applicant Data, Identity Document and Selfie.

  • Applicant Data : Here, enter your contact number, address, city, post code, country, state or region.

  • Identity Document :  You can use National ID Card, Passport or Driving License as identity document during verification.

  • Warning: Please, don’t choose “Upload a Photo.” Scanned or copied ID or documents will be rejected by the system.

  • At this stage, don't click on upload. Instead, click on the Camera icon. Hold your National Identity Card and capture the front with your Phone Camera in a good day light (not in darkness).Remember, the background of the picture is not important so don't worry about it.

  • Click on "take or use this" if the picture is good to move to the next stage of verification.

  • Now, hold your National Identity Card and use your phone to take picture of the back of your National Identity Card. Remember, the background of the picture is not important so don't worry about it.

  • Click on "take or use this" if the picture is good to move to the next stage of verification.

  • Selfie : Hold your identity card and click on the "Camera Icon." Make sure your phone camera is in selfie mode. 

  • Let the front of your Identity Card face the screen of your phone and take your selfie. Don't cover your face with your Identity Card. Make sure your face and the front of your Identity Card show in your selfie. That's all. 

  • Now, click on the button or submit to complete the process.

       Join CoinLoan now and get 25% reward if you apply with the link here

 

 3. YouHodler


YouHodler is one of the best lending platforms. This Swiss-based company is a member of the Crypto valley Association.

YouHodler

YouHodler, established in 2017 is one of the best Bitcoin lending sites today. The speed at which YouHodler facilitates its transactions and account creation is an evidence to how much they value customer satisfaction.


Apart from Switzerland, YouHodler also have office in Limassol, Cyprus with the following address : 


Office 106, 1st floor, Melford Tower, 172, Arch. Makarios III, Limassol 3027, Cyprus.


How does YouHodler online loan works?


You can borrow money online from YouHodler. Before you apply for a loan, you will be required to deposit bitcoin or cryptocurrency as collateral for the loan.


YouHodler gives variable and extendable loan duration. Bitcoin loans can be between 30 and 180 days, making it prime for people looking for short term crypto loan.


If you have bitcoin or other cryptocurrency, don't sell it. Keep it and apply for loan at YouHodler.


You can buy bitcoin here with any payment method in your country if you don't have it. 

 

Benefit for taking loan at YouHodler

YouHodler is an investment platform that has an Interest Account for all their clients. You can put the money you borrow into an Interest Account and earn  interest from it before you repay the loan. This is a smart way of making money.

Earn high interest, precisely earn up to 12% APR + Compounding interest by depositing crypto (bitcoin or other stablecoins) in YouHodler Savings Account. Interest earnings are directly deposited into your wallet every week. Saving Account is associated with zero risk.
                                          

  • Multi HODL : It's an efficient and innovative tool powered by crypto backed loans to help you capitalize on market volatility. 

  • Multi HODL is usually a small bets, the highest-reward investment(+300 % potential profit) with -50% potential risk.

                                                 Other  Features 

  • YouHodler's minimum balance to earn interest is $100.

  • There is no additional or hidden charge of usage.

  • They offer many cryptocurrencies, including BTC, USDC, ETH, USDT and PAX.

  • YouHodler has a demo funds feature. This allows users to experiment with cryptocurrencies and find a favourable cryptocurrency. Users can then decide if lending or borrowing in that currency will profit them.
      

Sharing my experience for verifying my Account At YouHodler

  • After entering your country name, e-mail address, password and accepting the terms and condition of YouHodler, click on sign up here to create a successful account.

  • Now, follow the steps below to verify your account.

  • Note : you will be logged into your account automatically after creating an account with YouHodler.

  • In your dashboard, between your balance ($ 0.0) and wallet, Click on " Sign your contract to proceed to identity verification.

  • Answer the Simple question : Are you a U.S Person? Click no if you are not a U.S person. Click Yes if you are U.S Person.  Note : YouHodler is not available in U.S so you will not be allowed to use it if you are a U.S person.

  • Now, go into your e-mail inbox and copy the 6 digit codes sent to you for verifying your e-mail.

  • Choose the name of your country and enter your mobile phone number for verification. Note : your mobile phone number must be nine (9) digits. Don't add the first zero to it or else it will show as invalid number. For instance, if your phone number is 0248652401, just enter these 9 digits 248652401.

  • Now, click on the button to continue. You will get a 6 digit code on your phone as message after choosing the correct country name and entering your correct mobile phone number. Note : you will get the code if you even make just one attempt and do the right thing. If you don't get the 6 codes on your phone after a minimum of two attempts, change your phone number and use a phone number of different network. With my experience, not all networks are compatible with YouHodler platform.

  • Check the 6 digit code in your phone message inbox and enter it to verify your phone number on your YouHodler account.

  • On the next page, enter your First name, Last name, Date of birth, Nationality and click on continue.

  • Enter Street Address, Postal Code, City, Country of Residence and Click on continue.

  • Answer the simple question : Are you the sole beneficial owner of the assets on your future account? Click on "Yes" if you are the owner of the account.

  • On the next page, Click on "I accept and agree." After clicking on it, it will take you back to your dashboard.

  • Now, you can use Mobile Phone to continue the verification if you are using computer.  

  • In your dashboard, between your balance ($ 0.0) and wallet, Click on "verify your identity to unlock platform basic functions." 

  • On the next page, choose the country where your Identity Card was issued and Document type.

  • Warning: Please, don’t choose “Upload a Photo.” Scanned or copied ID or documents will be rejected by the system.

  • At this stage, don't click on upload. Instead, click on the  "Capture or Camera icon". Hold your National Identity Card and capture the front with your Phone Camera in a good day light (not in darkness).Remember, the background of the picture is not important so don't worry about it.

  • Click on "take or use this" if the picture is good to move to the next stage of verification.

  • Now, hold your National Identity Card and use your phone to take picture of the back of your National Identity Card. Remember, the background of the picture is not important so don't worry about it.

  • Click on "continue, take or use this" if the picture is good to move to the next stage of verification.

  • Selfie : Hold your identity card and click on "Capture or Camera Icon". Make sure your phone camera is in selfie mode. 

  • Let the front of your Identity Card face the screen of your phone and take your selfie. Don't cover your face with your Identity Card. Make sure your face and the front of your Identity Card show in your selfie. That's all. 

  • Now, click on "Send Application" or submit to complete the process.
           
        Join YouHodler now and start making money

Final :

Borrowing is one of the smart ways for raising money for a business or a project. You can take advantage of the opportunities offered by the companies above.

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