Loans
Loans backed by propery tokens (tokenization)
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
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
You first interest payment is due in one month after you took a loan.
Fri, 25 Oct, 2019 at 5:12 AM
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
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
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
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
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
Yes, REINNO charges a 1% fee for loan origination. The fee is subtracted from the principal.
Fri, 25 Oct, 2019 at 5:15 AM
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