What do APR, APY and compounded Interest mean?
APR: Annual percentage rate, this is your interest rate stated as a yearly rate. APY: APY: Annual percentage yield, this is the return that can be realized on your savings [...]
Are there any restrictions on what purpose can I borrow for?
The loan can be used freely for any purpose, which is permitted by legal and regulatory frameworks.
How long is the maturity of the INLOCK loans?
You may choose between 10, 30, 45, 60, 120, 180 or 360 days. It is not possible to borrow for more than 360 days as of now, but loans can [...]
How long does it take to get my loan?
After you accept the offer, the USDC will be immediately credited to your account. Then you may instantly transfer it or use it for any other purpose within the INLOCK [...]
How quickly does Support respond to questions?
You can reach us via live chat or email mostly between 08:00-21:00 CET. Occasionally, we process the requests outside the opening hours as well, but we can not guarantee this. [...]
What is the official mail address of INLOCK?
Feel free to contact the INLOCK staff directly via [email protected] If you have any GDPR questions, please contact us via [email protected]
In what currency can the loans be borrowed?
Loans can be taken out exclusively in USDC stable coin which has a value linked to the USD exchange rate. USDC token is supported by most of the currency-exchanges and [...]
Which cryptocurrencies are accepted as a collateral?
INLOCK platform accepts BTC, ETH, LTC, and BNB cryptocurrencies as collateral. We work constantly to increase the supported collateral assets.
What is the maximum loan amount?
The maximum loan amount is determined by the available collateral of the borrower and their selected LTV level. (LTV: Loan-to-Value).
What is the minimum loan amount?
The minimum loan amount you can take starts at 100 USDC