Unlike traditional loans that consider your credit score, Nexo offers a crypto-backed Credit Line that uses your digital assets as collateral. Once you top up, you can immediately utilize your Credit Line. You have two options for your loan.

• Choose from multiple currencies and receive the funds straight to your bank account.
• Receive USDT or USDC to your Nexo account.

To start utilizing your Credit Line, follow the steps detailed in our dedicated Help Center article.

With the Nexo crypto-backed loans you will receive your funds on the same or the next day. The processing time is as follows:

• Local transfers: 1 business day
• International transfer: 3 to 5 business days
• USDT and USDC: usually no longer than 30 minutes

Your interest rate depends on your Loyalty Tier, which is determined by the ratio between the value of your NEXO Tokens against the rest of your portfolio, given your account balance is above $5,000 worth of digital assets:

• Base: No NEXO Tokens are needed; interest on your outstanding Credit Line balance is 18.9%.
• Silver: The ratio of the NEXO Tokens in your account against the rest of your portfolio must be at least 1%; interest on your outstanding Credit Line balance is 17.9%.
• Gold: The ratio of the NEXO Tokens in your account against the rest of your portfolio must be at least 5%; interest on your outstanding Credit Line balance is 13.9% if your LTV is above 20% and 5.9% if your LTV is below or equal to 20%.
• Platinum: The ratio of the NEXO Tokens in your account against the rest of your portfolio must be at least 10%; interest on your outstanding Credit Line balance is 10.9% if your LTV is above 20% and 2.9% if your LTV is below or equal to 20%.

If your account balance is below $5,000 worth of digital assets, your Credit Line interest rate is 18.9%.

To learn more about how our Loyalty Program works, visit our Help Center.

The Credit Line’s loan-to-value (LTV) ratio determines the amount of crypto collateral you need in order to take out a crypto credit. For the exact LTV of each digital asset, visit our Help Center.

If your collateral's value increases, your Credit Line limit also goes up. You’re free to borrow more or leave your current Credit Line as is. You can also use the extra value of your crypto to pay off part of your credit.

If your collateralized assets decrease in value, your loan-to-value ratio (LTV) will rise. If your LTV ratio is above 70% and continues to increase further, you may receive a margin call (via email or push notification).

If your LTV reaches a critical threshold, partial automatic repayments may occur to rebalance the loan-to-value ratio. To make sure you retain as much of your digital assets as possible, only the minimally required amount of crypto will be sold.

To learn more about loan repayments, visit our dedicated Help Center article.