Loan

Hamster Kombat

Loan

Hamster Kombat loans.
Borrow against HMSTR.

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How do loans backed by HMSTR works

Crypto loans provide an easy way for both lenders and borrowers. Borrowers can secure loans in USDT by leveraging their cryptocurrency as collateral while still holding onto their digital assets. This eliminates the hassle of credit checks and paperwork, streamlining the process and making it cost-effective.

Lenders can place their cryptocurrency, such as Hamster Kombat (HMSTR), into a special account on the Beast platform. A custodian manages the interactions between borrowers and lenders, ensuring the process is safe. They serve as a reliable middleman, safeguarding the interests of both parties involved.

This arrangement allows borrowers to access funds without needing to part with their cryptocurrency. This is particularly advantageous during market swings, helping them avoid possible losses. The lending framework also makes securing loans easier while doing away with credit checks.

Lenders can gain interest from their deposited assets through loan repayments, enabling them to earn from their cryptocurrency holdings. It's a beneficial scenario where borrowers receive funds while lenders see returns on their investments.

The Beast platform manages the engagement between lenders and borrowers, and blockchain technology guarantees secure transactions without extra middlemen. This minimizes the risk of fraud and fosters a secure lending atmosphere.

Hamster Kombat Loan Calculator

Crunch the Numbers and Discover Your Loan Potential

Loan amount

USDT

Collateral Required

Interest rate

15% per year

Monthly Interest Amount

Quarterly Interest Amount

Yearly Interest Amount

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Crypto Loans explained

In our video, we take you on an exciting and informative journey into the realm of crypto lending and borrowing on the Beast platform. Discover how this revolutionary system works, learn how to take out a loan, and explore the seamless process of loan repayment. Packed with valuable insights and tips, this video is your ultimate guide to harnessing the potential of crypto credit.

How to get a loan on Hamster Kombat? Borrow usd against Hamster Kombat on Beast

The process of getting an Hamster Kombat cryptocurrency loan is quite simple. First, you need to create your account on Beast, a platform that offers Hamster Kombat cryptocurrency lending services. Then, you need to provide your HMSTR as collateral and specify the loan amount you want to borrow. The platform then evaluates your collateral and gives you access to the required amount of Tether USDT.

Your creditworthiness is determined based on the value of your collateral, making the process of getting a cryptocurrency loan fast and convenient.

However, it is important to remember that Hamster Kombat cryptocurrency loans are not without risks. In case you default on the loan, your collateral can be seized. Therefore, you should carefully assess your repayment capacity before taking out a cryptocurrency loan.

How to get a loan on Hamster Kombat? Borrow usd against Hamster Kombat on Beast

To authorize an Hamster Kombat Crypto Loan, you will need to go to Features tab → Loan section → Borrow button

Choose the required loan amount the terms and conditions of the crypto loan, and apply for it by confirming it with a code from 2FA - application or E-mail or Telegram-bot.

Hamster Kombat lending

Hamster Kombat lending has surged in popularity among crypto enthusiasts seeking financial support. With Hamster Kombat loans, users can leverage their Hamster Kombat assets to obtain immediate liquidity without liquidating their holdings. These HMSTR loans are secured by the value of the borrower's Hamster Kombat, creating a reliable lending atmosphere. Now, borrowers can effortlessly secure a HMSTR loan, utilizing the funds for diverse needs—be it investing, settling expenses, or launching a venture. This groundbreaking HMSTR lending approach has unlocked fresh possibilities for individuals to utilize their Hamster Kombat assets and gain essential capital.

HMSTR as a collateral

Hamster Kombat, abbreviated as HMSTR, has gained traction as a favored option for crypto-backed borrowing. Through Hamster Kombat lending platforms, users can either take out loans in Hamster Kombat or lend their HMSTR to accrue interest. These loans enable people to borrow against their Hamster Kombat holdings, granting immediate access to cash without liquidating their assets. Additionally, borrowers have the option to secure loans in USD against their HMSTR, which offers more flexibility and liquidity. So, how do Hamster Kombat loans function? Users place their HMSTR as collateral, and based on its worth, they can obtain a loan. These swift payday crypto loans serve as a practical answer for those needing quick funds while keeping their Hamster Kombat investments.

Loans secured by Hamster Kombat feature competitive interest rates.

At Beast, we recognize how essential competitive interest rates are. This is why we provide loans backed by cryptocurrency at an appealing rate of just 9%. Whether you’re seeking funds for personal use or business needs, our low-interest loans serve as an economical way to access cash without having to part with your prized cryptocurrencies.

One standout feature of Beast's crypto loans is our collateral system. Should a borrower fail to repay the loan, the collateral HMSTR stays with Beast, allowing the borrower to retain the Tether USDT they received. This establishes a fair and balanced method for loan recovery, benefiting everyone involved.

To combat the risk of depreciation in Hamster Kombat’s value, Beast employs an automatic liquidation system. If the collateral's value dips below a certain point, the loan will be liquidated. This preemptive measure safeguards both lenders and borrowers against possible losses during a market slump.

Beast prioritizes transparency and user convenience. Our clients can effortlessly track their loan status via an intuitive interface. Moreover, borrowers enjoy the flexibility to add extra collateral, repay the loan early, or settle the loan by paying back the borrowed amount along with any interest accrued.

If you’re curious about securing a loan with cryptocurrency, Beast provides instant coin loans. You can borrow by leveraging Hamster Kombat and receive Tether USDT. Our crypto-backed loans deliver a fast and hassle-free option for fulfilling your financial needs.

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Why choose Hamster Kombat Beast Loan

Take advantage of limitless possibilities: Get any amount at any time with our unbeatable cryptocurrency line of credit.

Easy access to funds

By leveraging your crypto assets as collateral, you can quickly obtain loans without the need for extensive credit checks or income verification, making the process more efficient and accessible.

35+ Currencies

Choose your collateral from over 35 cryptocurrencies and borrow instantly from USDT.

No inspections!

Cryptocurrency loans allow you to access credit without checking your credit history.

Interest - hourly

We charge interest on the loan hourly. However, during the first hour after taking out the loan, you have the opportunity to repay it without any additional fees. This sets us apart from our competitors.

Lower interest rates

Because cryptocurrency loans are collateralized, lenders often offer lower interest rates than traditional unsecured loans, making them more cost-effective for borrowers.

Flash approval

Receive funds in the same minute without spending more than 3 taps

Maintain ownership of your crypto

With crypto-backed loans, you retain ownership of your digital assets while using them as collateral. This allows you to benefit from potential market growth and regain full control of your assets once the loan is repaid.

FAQ

What is Beast Hamster Kombat Crypto Loan?

Beast Hamster Kombat Crypto Loan is a secure, overcollateralized, and flexible loan product. Users can take loans by pledging their crypto assets as collateral. With Beast, you don't have to worry about rehypothecation since we don't lend out your collateralized crypto to others.

How do I pledge my assets and start borrowing with Beast Hamster Kombat Crypto Loan?

To start, choose the crypto you'd like to pledge as collateral and the amount you'd like to borrow. Ensure you have sufficient crypto assets in your account to cover the required collateral. Once the process is complete, your collateral will be locked, and the loan will be transferred to your account.

What is LTV, and how much can I borrow from Beast Hamster Kombat Crypto Loan?

LTV (Loan-to-Value) represents the ratio between the value of the loan plus accrued interest and the value of your collateral. The LTV percentage determines how much you can borrow based on the collateral you pledge. For example, with a 50% LTV, if you pledge 1,000 USDT, you may borrow up to 500 USDT worth of assets.

Are there limits to how much I can pledge and borrow?

Yes, there are limits for each cryptocurrency. The maximum amount you can pledge or borrow depends on the specific crypto and may change periodically.

What is loan liquidation, and what is the liquidation LTV?

Loan liquidation occurs when the current LTV exceeds the liquidation LTV, which may happen if the collateral's value decreases or the loan's value increases. If liquidation occurs, you may lose some or all of your collateral.

What happens when a loan is liquidated?

When liquidation occurs, the outstanding loan amount will be repaid using the equivalent value of collateral. A partial liquidation happens when the liquidation doesn't fully cover the outstanding loan, and a full liquidation occurs when the entire loan is repaid using the collateral.

What is a margin call?

A margin call is a warning issued when your collateral-loan pair position reaches its margin call LTV. You can take action by adding more collateral or reducing the outstanding loan to lower the LTV.

Will I be notified in the event of margin calls or liquidations?

Yes, Beast will send notifications via email and SMS in case of margin calls or liquidations. However, timely delivery of these notifications cannot be guaranteed.

What interest rate applies to my loan?

Beast provides transparent interest rates for each cryptocurrency. Please refer to the platform for up-to-date interest rates.

How is interest accrued for my loan positions?

Interest accrues based on the total outstanding loan amount and the prevailing APR. The interest accrued is added to the total outstanding loan.

How do I repay my loan or adjust my LTV?

Use the 'Repay' or 'Adjust LTV' options in your account to repay loans or adjust collateral, respectively. You can only repay your loan using the same cryptocurrency you borrowed.

Which cryptocurrencies can I pledge or borrow on Beast Crypto Loan?

Beast Crypto Loan accepts a variety of cryptocurrencies as loanable and collateral assets. The list of available cryptocurrencies is updated periodically, so please refer to the platform for more information.

What can I do with the cryptocurrencies borrowed from Beast Hamster Kombat Crypto Loan?

You can use the borrowed cryptocurrencies for various purposes, including trading, investing, or withdrawing from the platform. The collateral you pledge remains with Beast as security for the repayment of your loan.

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