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Financial Options – SME Loan Broker And Crypto Lending

Finance Brokers provide assistance to consumers looking for the right kind of loan that will meet and match their unique financing needs and conditions. In order to effectively do this, a Finance Broker lay their knowledge, expertise and experience throughout an extensive range of products from numerous lenders. They make every effort and initiative to recommend products that they believe, from their expertise, will suit the goals and needs of clients.

SME Loan Broker – Who Are They?

SME Loan Broker from Avant Consulting does just that. They offer a gamut of loan brokering services, which includes Temporary Bridging Loan, Hire Purchase, Industrial Property Loan Financing, Commercial or Shophouse Property Loan, Mortgage Refinancing, and Residential Financing to name a few. As they are dedicated to provide excellent service, they closely work with every client they have to ensure that their financial option is modified and fitted to their specific corporate needs and individual needs as well as lessen interest rates and other fees for them.

Such financial expert is imperative for consumers to explore and discover every financing option they have. They establish rapport, build client’s confidence and trust as they make such crucial financial decision.

In essence, a loan broker is an individual or a firm that functions as a go-between or financial intermediary for a borrower and a lender. Traditional as well as non-traditional lenders utilize the services of brokers to provide and complete all the needed applications, documentations, as well as all the processes to assist borrowers throughout the loaning process.

Crypto Lending – What Is It?

While many choose traditional loan financing that require the usual collateral, there are borrowers who opt for crypto lending. This trend has opened up possibilities for both big and small crypto players.

Crypto lending is a rather simple concept wherein borrowers make use of their digital assets, cryptocurrencies, as collateral to acquire a stablecoin or fiat loan. Lenders, on the other hand, provides the borrower the needed assets at an interest rate they both agreed upon. Crypto lending could also work the other way around where borrowers provide stablecoins or fiat as collateral to be able to borrow cryptocurrency.

To put it in simple term, crypto lending is collateralized loans. Although this may not sound rather revolutionary and innovative, crypto lending is still a powerful financial option that open up more opportunities and benefits for individual borrowers, businesses, traders, as well as users, which includes faster loan processes, increased accessibility, much more flexible loan terms, lower interest rates and fees, and higher standards of safety.

With the introduction and rise of crypto lending, the benefit and functionality of cryptocurrencies has considerably increased. While still in its stage of infancy, crypto lending is projected to grow as the size of the crypto lending market surpasses 10 billion US dollars when it comes to overall loan origination.

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Cryptocurrency For Stablecoins

money lender SingaporeAlthough there are several reliable and trusted money lender Singapore, picking the right one that would suit your needs could be a tedious and frustrating process since there are numerous aspects that you need think through, including:

  • Licenses and Accreditation: Of course, it is crucial that the money lender Singapore has the necessary license from the government showing that they are operating legally and have met all the imposed standards and requirements. It has to be accredited by professional bodies as well to show it is a reliable, trusted and professional moneylender.
  • Reputation: Reputation is weight aspect to consider. Nowadays, people rely on reviews from previous clients to see how well they interact with people and provide their service. Money lenders with excellent reviews have excellent reputation.
  • Fees: All certified moneylenders will charge a certain fee when you get a loan and for the services they provide. Hence, look into these fees and compare them with other money lenders. Also ensure they are reasonable and affordable.

Crypto-backed Loans

Usually, moneylenders require some type of collateral for a loan to be approved. While borrowers provide collateral like their home, their car or other assets and property they have, others make use of cryptocurrency to back their loans.

As many are already aware, borrowers are able to make use of their cryptocurrency assets to serve as collateral when loaning fiat currency or stablecoins from lenders who accepts cryptocurrency as a collateral. This could actually work the other way around as well wherein borrowers make us of fiat currency or stablecoins as the collateral to borrow cryptocurrency assets.

crypto backed loanWhat are Stablecoins?

Stablecoins provide a lot of benefits that other cryptos don’t offer. Although they are similar to cryptocurrencies, stablecoins are more stable, as its name implies.

In a market wherein the value of the assets that one holds violently fluctuates, the choice to ‘store’ the value of funds in a manner that it eliminates volatility is rather crucial. Such option isn’t only for crypto traders, but also to retailers accepting cryptocurrencies without having to worry about the values  fluctuating.

In most circumstances, most of the stablecoins are pegged or attached to broadly utilized fiat currencies, whereas some are pegged on commodities like as Gold.

What Are They Used For?

For numerous crypto traders, stablecoins serve as a fallback or an alternative when they would like to hedge their crypto without having to cash out to fiat currency. This is quite effective particularly when markets are bear or if the intend to keep revenue in fiat. The currency of the world, after all, is still fiat not cryptocurrencies like Bitcoin.

Stablecoins are expected to develop into a significant element in decentralized finance, popularly known as DeFi. DeFi offers an alternative to the present financial systems and structures with one that is designed and created on public blockchains.

As mentioned, stablecoins are also use for peer to peer loans. If DeFi is to progress and expand, stablecoins will surely play a significant role since people will be needing a way of transacting with one another without the volatility, and without wasting or losing advantages of cryptocurrencies.

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