With Ethlend: Acquire A Loan Today

in #ethlend5 years ago (edited)

Responsibilities are now to much nowadays to the extend that your have no other option than to sell your assets, things you value and you have kept for a long time. You might have run to different people, financial institution to secure a long in order to pay your bills but everything turn out to be in vain. I still remember around last year when I was really in need of money to pay my school fees, and the money I was expecting didnt show up, I try other means to find solution but all was in vain, I was left with only one option, power down my steem and sell so as to prevent the consequences. I had to so it became I was left with no other option.

What if there exist a financial institution that can help you out in time of need, a financial institution where you can easy acquire loan from without any form of obstacles such as verification, authentication and so on. Ethlend is here to bring solution to your financial problems while using your cryptocurrencies as a collateral with ease.

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What Is Ethlend All About

Ethlend which is developed on the ethereum blockchain serve as a decentralized platform where members can lending and also acquire loan for each other (a peer to peer platform). It is a dapp which is been build by AAVE and turn out to be the first decentralized lending platform that is being developed on the ethereum blockchain and this give access to both the borrower and the lender to make the decision on the terms and the interest rate of the transaction without any third parties interfering into it.

Ethlend goals is to create a platform in form of a community where members can come together and be of help to each other by lending and borrowing loans on a secure blockchain technology where every transaction made and vital details will be recorded to create transparency which will eradicate any form of disputes that may come up when this activity is being carried out.

What Make People Engage In Loans

To Startup A Business

There are many individuals out there with different great ideas that they couldn't implement or work towards it because the financial means to implement it isn't available. At times they are left with no other options than to engage in loans and fulfil the ideas while they pay back the loan on the agreed terms.

To Clear Debt

Some individuals and even companies run at loss and have to borrow loans to pay up instead of losing their collateral or the business the established.

Each individual with his/her own reason, Ethlend is here to solve all, you are given access to borrow the amount you know you will be able to safely pay up within the scheduled time and this will require you to put down some collaterals.

How To Apply For Loan Using Ethlend

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First step to take is to Signup on the platform or login if you are already a member. To register, fill the form by inserting your email, password, phone number, then sign up and confirm the mail sent to you. After that you login and you will be ask to import your wallet or create a new one.

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After fulfilling the first task, you can view all available loan, those in green are the one yet to be borrowed and the other one is already given out and waiting for payback.

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Then you can choose what you want to use as collateral and the period of time it will require you to pay back the loan, then you are required to select the monthly interest you are willing to pay which is always within 0.25-5%, then you click create loan to apply for the loan.

Conclusion

The platform will serve as financial breakthrough for lot of individuals who have ideas to implement but have not capital and this will be of great help to the community at large. Ethlend have launch Baiji which is released on mainnet which will be discuss fully in the next article along with some futures. Stay tune

Disclaimer: This does not serve as a financial advice. Make sure you make a proper and adequate research first before engaging in investing in any cryptocurrencies or any digital asset. This blog post was done to give entertainment and educative purposes only.

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Our Company called tUUUdoR Initiatives offers LOANS at $10,000 --> $1,000,000 to Businesses situated on the USA territory; as fast as 1 day approval if you meet all the conditions.
No Collateral Required.
Straight to the point and easy requirements:
(1) Minimum 500 Credit Score
(2) In Business for at least 4 months
(3) At least $100,000 Annual Revenue
(4) No more than 3 NSFs in the last 30 days
If you're interested, the easiest way is to reach out to us at our Facebook Page, leaving a Private Message: https://www.facebook.com/TUUUdoR-Initiative-354937928677782/?modal=admin_todo_tour
Looking forward to talk to you...

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