Loans

Loans backed by propery tokens (tokenization)

When should I repay the principal?
The principal is due at the end of the repayment period as a balloon payment. You can start repaying it earlier to free some tokens from the collateral.
Fri, 25 Oct, 2019 at 5:11 AM
What tokens can I use as loan collateral?
You can only use whitelisted property-backed tokens as loan collateral. To see the full list, please visit https://app.reinno.io/dashboard/tokens/whitelist
Fri, 25 Oct, 2019 at 5:11 AM
When is my first payment due?
You first interest payment is due in one month after you took a loan. 
Fri, 25 Oct, 2019 at 5:12 AM
How is the interest rate calculated?
REINNO always provides the best possible interest rate based on the risk assessment, loan to value ratio, and collateral value.
Fri, 25 Oct, 2019 at 5:12 AM
How can I make a repayment?
Please make your repayment through a bank transfer. To see REINNO’s bank details, go to the Repay a Loan section. The transfer should always come from a ban...
Fri, 25 Oct, 2019 at 5:13 AM
Am I eligible for a loan?
American citizens who are 18 years old or above are eligible for a loan after their KYC and SSN are confirmed. Two-factor authentication has to be enabled t...
Fri, 25 Oct, 2019 at 5:13 AM
Can my credit score prevent me from getting a loan?
No, our clients can take a loan backed by tokenized real estate regardless of their credit score. However, REINNO performs credit checks to assess the risk. 
Fri, 25 Oct, 2019 at 5:14 AM
Where do I find the wallet address to deposit collateral for my loan?
To see the wallet address for collateral deposits, go to the Transfer Property Tokens section of the dashboard. 
Fri, 25 Oct, 2019 at 5:14 AM
Do you charge an origination fee for loans?
Yes, REINNO charges a 1% fee for loan origination. The fee is subtracted from the principal. 
Fri, 25 Oct, 2019 at 5:15 AM
I sent funds to the wrong address; is there a way to get them back?
By making a deposit, you acknowledge that REINNO is not responsible for any tokens sent to the wrong address. Please bear in mind that, in some cases, it is...
Fri, 25 Oct, 2019 at 5:15 AM