What are the Exa Loans?
Exa Loans provides you with the ability to borrow USDC, ETH, or WBTC at a fixed interest rate, using the assets in your Exa account as collateral. This means you can get the liquidity you need while maintaining your crypto positions. Our loans are designed to be flexible and transparent, putting you in control of your finances.
How It Works: Your Loan, Your Choices
Setting up a loan with Exa is a simple process where you make the key decisions:
1. Choose Your Asset to Borrow:
You can select from various popular digital assets to best suit your needs. The assets that are allowed to be borrowed are the assets that are available in Exactly Protocol (USDC, ETH, WBTC, etc).
2. Determine Your Loan Amount:
Two main factors determine the amount you can borrow:
Your Available Assets: The value of the assets you hold in your Exa account will be used as collateral to secure your loan.
Your "Credit Limit": This is not a traditional credit score. Instead, your credit limit is a dynamic amount calculated based on your collateral, any outstanding loan balances, and recent credit card purchases linked to your Exa account. The more collateral you have and the lower your existing obligations, the more you can borrow.
3. Select Your Repayment Schedule:
We believe in making repayments predictable and manageable. With Exa Loans, you choose the number of installments you'd like to repay your loan over. The total loan amount, including the fixed interest, is divided equally across these installments, so you'll always know exactly how much is due for each payment.
4. Pick Your First Due Date:
To give you greater control over your cash flow, you can decide when you want to start your repayments. You can choose a first due date that aligns with your financial schedule. Please note that the maximum timeframe you can postpone your first payment is influenced by the total number of installments you have selected for your loan.
Key Features of Exa Loans:
Fixed Rates: Your interest rate is locked in for the duration of your loan, protecting you from market volatility and ensuring predictable payments.
Use Your Crypto as Collateral: Continue to hold your digital assets while accessing the liquidity you need.
Flexible Repayment Terms: You can choose the number of installments that best suit your budget.
You're in Control: From the asset you borrow to your repayment start date, Exa Loans are designed to be customized to your individual needs.
Exa Loans offers a transparent and flexible way to leverage your existing assets. By understanding these key aspects, you can confidently make the borrowing choices that are right for you.