Create a loan with VNDC Credit Line with just the following simple steps:
Step 1: On the main screen of the VNDC Wallet Pro application, scroll down and select Credit Line.
- Minimum loan amount: 200,000 VNDC
- Interest rate: 1%/month, 0.25%/week, or 0.033%/day.
Your loan limit is displayed under “Amount”. Specifically, this limit is equal to 50% of the total value of the collateral.
Step 2: To create a new loan, click on the plus icon in the bottom right corner of the screen.
Then choose collateral, Credit Line currently supports collateral by assets: BTC, ETH, TOMO, KNC, CHI, LINK, AAVE, COMP, NAC, NEXO.
Then choose the asset you want to borrow.
In the Borrow Information section, enter the information in the "amount" and choose the interest payment method, the system will automatically calculate the number of assets you need to mortgage and the corresponding interest payable. Click "Create a new Loan" after completing the information.
Check the information and click "Confirm". So you can easily create a loan through Credit Line.
Instructions for implementing loan settlement or asset liquidation
At Credit Line, select the loan you want to pay off or liquidate.
In the Detail Loan section, select "Settlement"
Should you encounter any difficulty during the Loan Application or Loan Settlement process, feel free to contact us at:
- The "Help Center" located within the VNDC Wallet Pro app
- Our Facebook support group at: https://www.facebook.com/groups/VNDC.io/