Our Peer to Peer Lending programme helps cryptocurrency holders on CoinsKart have access to financial assisstance from other peers incase of Emergency.
You Don't Have to Sell your Bitcoin Anymore in times of emergency, if you Dont't want to. We got you covered.

Do CoinsKart Offer Loans without collateral?

The ANSWER is NO.
You MUST have collateral in other to Borrow Money from any of our Cherishable Lenders.
Our system currently Accepts two Cryptocurrencies as Collateral Bitcoin and Tether(USDT). We beleive, these are relatively stable assets and will reduce the chances of you getting margin called.
NOTE:
WE ONLY OFFER PEER TO PEER CRYPTOCURRENCY BACKED LOANS. WE DO NOT ACCEPT ANY OTHER FORM OF COLLATERAL.

Do you take All my Bitcoin or Crypto in my accounts as collateral?

The Answer is NO.
The system has a formula for taking the collateral. The formula the system uses is structure in a way to protect the Borrower from easily loosing the collateral and it also protects the Lender to Gain back his/her money plus the interest.
Click the Button Below to see the Loan Calculator in Action.

What Happens to my collateral if I failed to payback the Loan?

The system will automatically takeout the exact amount needed to payback the Loan plus the interest from the collateral and then Sell it to payback the Lender.
The remaining balance from the collateral (if any) will be credited back to your accounts.

Does it mean, there is no penalty fee for Defaulters?

The ANSWER is YES.
There are no penalty for Defaulters. You couldn't payback, Why punish you for that?, When we can get the money back through the collateral.

Where can I find my collateral?

You can find your collaterals on the Escrow Wallet in the Account tab menu items.
NOTE:
Balance found on the Escrow Wallet is unspendable by the customer.
If you have any balance on your Escrow Wallet, It means, you have a pending contract.

What About Borrowing Fees?

We Charge ZERO LENDING/BORROWING FEES (Apart from the one set by the Lender).
And we currently do not have any future plans of charging any fees on our Lending programme.

What happens if the value of the collateral goes below the repayment amount?

There is an automated margin call system in place, In events the collateral value goes below a certain threshold, the system is likely to liquidate the collateral to payback the loan plus the interest to prevent looses even before the repayment time is due.

NOTE: YOU MUST FIRST DEPOSIT THE CRYPTOCURRENCY YOU WANT TO USE AS COLLATERAL BEFORE TRYING TO BORROW MONEY.

STEP 1
SIGN INTO YOUR ACCOUNT - Click here to Signin.

STEP 2

Go to the Trades tab on your Dashboard.

Click on Borrow Now.

STEP 3

Tap on Offers.

STEP 4

Select from any of the competing list of offers that you like to accept.

Click on Take Loan.

STEP 5

Fill in the Form and Submit.

STEP 6

Click on Confirm. Bravo, you will instantly get the money credited to your Accounts.