Loan

Major

Loan

Major loans.
Borrow against MAJOR.

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How do loans backed by MAJOR works

Crypto loans provide an easy answer for both borrowers and lenders. Borrowers can acquire loans in USDT by using their digital currencies as collateral, allowing them to retain ownership of their crypto assets. This process bypasses the need for credit evaluations and extensive documentation, speeding up the experience and reducing costs.

Lenders can place their cryptocurrencies, such as Major (MAJOR), into a specialized account on the Beast platform. A custodian manages the relationship between borrowers and lenders, ensuring a secure transaction. They serve as a reliable middleman, safeguarding the interests of both parties involved.

Borrowers gain the advantage of obtaining funds without having to liquidate their cryptocurrencies. This is particularly beneficial during volatile market conditions, as it helps them avoid possible losses. The lending model streamlines the borrowing process and eliminates the necessity for credit assessments.

Lenders benefit as they earn interest on their funds through borrower repayments. This strategy enables them to make a return on their digital assets. It’s a mutually beneficial arrangement where borrowers secure loans, while lenders gain from their participation.

The Beast platform governs the interactions between borrowers and lenders, and blockchain technology guarantees secure transactions without third-party involvement. This approach minimizes fraud risk and fosters a safe lending atmosphere.

Major Loan Calculator

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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 Major? Borrow usd against Major on Beast

The process of getting an Major cryptocurrency loan is quite simple. First, you need to create your account on Beast, a platform that offers Major cryptocurrency lending services. Then, you need to provide your MAJOR 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 Major 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 Major? Borrow usd against Major on Beast

To authorize an Major 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.

Major lending

Major lending has gained traction as a favored method for cryptocurrency holders seeking funds. With Major loans, users can utilize their Major assets as collateral, offering immediate liquidity without parting with their investments. These MAJOR loans are supported by the worth of the borrower’s Major, creating a safe lending atmosphere. Now, borrowers can conveniently secure a MAJOR loan and use the money for different needs, such as investing, settling bills, or even launching a venture. This groundbreaking approach to MAJOR lending has created fresh opportunities for people to capitalize on their Major holdings and access essential funding.

MAJOR as a collateral

Major, often referred to as MAJOR, has gained traction as a favored option for crypto-secured loans. Through Major lending platforms, users can either lend their Major to earn interest or borrow more Major. These financing options let individuals leverage their Major assets for quick cash, without needing to liquidate their investments. Borrowers can even secure loans in USD using MAJOR, enhancing flexibility and cash flow. So, how do Major loans function? Essentially, users pledge their MAJOR as collateral, enabling them to cash out based on its value. These payday crypto loans offer a streamlined way for those in need of immediate funds while keeping their Major holdings intact.

Loans secured by Major offer competitive interest rates.

At Beast, we recognize how vital competitive interest rates are. That’s why we provide cryptocurrency loans at an appealing rate of just 9%. Whether you're seeking funds for personal use or business ventures, our low-interest options are a budget-friendly way to access cash without needing to liquidate your precious cryptocurrencies.

A standout aspect of Beast’s crypto loans is the collateral system. If a borrower fails to meet the loan terms, the collateral MAJOR remains with Beast, but the borrower retains the Tether USDT issued to them. This creates a fair method for recovering loans, benefitting both sides of the agreement.

To mitigate the risk of Major losing value, Beast employs an automatic liquidation process. Should the collateral drop below a predetermined level, the loan will be liquidated. This precaution safeguards both lenders and borrowers from potential losses during market slumps.

Beast prioritizes transparency and ease of use. Our customers can effortlessly check their loan status via our intuitive platform. Moreover, borrowers can deposit additional collateral, pay off their loan early, or settle the loan by repaying the borrowed sum plus any accrued interest.

If you're curious about obtaining a loan with cryptocurrency, Beast offers quick coin loans. You can leverage Major and receive Tether USDT. Our crypto-secured loans provide a fast and efficient solution to meet your financial demands.

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Why choose Major 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 Major Crypto Loan?

Beast Major 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 Major 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 Major 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 Major 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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