When creating your loan application, the Borrower set the parameters at its choice (amount, interest rate, period, etc.). We recommend evaluating the parameters of other applications already placed on CoinLend.ph - lenders choose the most profitable applications for themselves.
When placing the loan application, you need to pay a transaction fee in amount of 1% of the loan amount depending on the loan period. After payment, your application will be automatically posted on the list of pending loan applications. You may now secure your loan application with corresponding BTC collateral or later after a lender accepts your application. Keep in mind that loan applications with secured collaterals are more attractive for creditors.Lender accepts your loan application
All creditors guarantee to fulfill their obligations for the accepted applications. After the lender accepts the application, CoinLend.ph will generate a special multisig-address where your collateral (bitcoins) will be stored until the end of the loan period. Each party owns only one Private key for the multisig-address. Multisignature (multisig) refers to requiring more than one Private key to authorize a Bitcoin transaction. It guarantees that no one is able to access the collateral owning just one Private key.The lender transfers the loan amount to you
You will receive the loan amount directly from the lender by payment option indicated in your loan application.
The entire procedure starting from placing loan application till receiving loan amount may take as less as couple hours, depending on how attractive your loan application to lenders, as well as on preferred option of money transfer.
Manage your money anytime and in any place. Create an account and then you can now start applying or granting a loan. Find good deals effortlessly.
We take careful measures to ensure that your coins are as safe as possible. Multisignature address guarantees that no one is able to access the collateral owning just one Private key..
Borrowers can borrow money quickly and conveniently. Any individual or legal entity can become a lender and grow their investments without any licenses. Easy, fast and very profitable.
Expected return on long-term BTC rate appreciation is higher than interest rate on loans. You may use borrowed money and benefit from BTC rate appreciation.
After repayment of the loan, you will automatically repossess the collateral. Before the loan is repaid, nobody can use your BTC as its securely deposited in special multisig-address.You may decide not to repay the loan, if it’s not profitable for you
If BTC rate have not appreciated or declined, you may decide to refuse repaying the loan. In this case your collateral will be transferred to the lender and your loan obligation will be terminated.No worries even if BTC rate drops
The lender will repossess the collateral BTC and will recover the loan amount by selling BTC on the market. If necessary, CoinLend.ph can assist the lender in liquidating collateral position.
First in the Philippines, CoinLend.ph is a borrowing and lending platform with a Peer-to-Peer economy where Bitcoins are used as collateral. We actively bring together Filipino loan seekers who have Bitcoin holdings with third-party lenders.
You may now be able to hold on to or HODL your precious Bitcoins and use them as collateral to get some cash loan.
Any individual or legal entity can become a lender and grow their investments without any licenses.
Bitcoin is uniquely profitable investment instrument in modern world. Selling your bitcoin today will result in losing investment return on rate appreciation in the future.
You can place your loan application on your own terms (amount, period, interest rate, payment options (bank transfer, other electronic channels). At the end of the loan period, you may either repay the loan and retrieve your collateral BTC, appreciated during the period or let the lender take ownership of the collateral, essentially selling the collateral.
Simple example. You have decided to buy a car. Your BTC appreciated high enough, so you could finance car purchase by selling the BTC.
Instead of selling you BTC, you may borrow money with reasonable interest rate of 10-15% pa, using your BTC as collateral for the loan. Evidently, BTC rate appreciated significantly more during the last year (in fact, over 250%). Without selling your BTC, you may earn a substantial return, probably even enough for the second car.
"We believe that cryptocurrencies are the future of money. It's like we are in 1977 on the early days of the Internet. It seems like those of us lucky enough to be on this train at this juncture have a once-in-a-lifetime opportunity."Try it out
Nueva Ecija, Philippines
+63 977 314 1003