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Step-by-step guide

How to take out a loan in your Cashaa account

  • Step 1:

    Login to your Cashaa account and click the Borrow button on the screen.

  • Step 2:

    Click Borrow and choose loan type ‘Borrow at 0% or ‘Borrow more’.

    Key Terminology used in Borrow

    • Total Credit Line: Total amount is USD that you can borrow by placing all your flexible balance as collateral.

    • Available Credit Line: Total amount in USD that you can borrow net of any credit already taken.

    • Used Credit Line: That amount in USD that is already used as collateral for your existing borrowings.

    • LTV: The loan-to-value (LTV) ratio is a financial term used by lenders to express the ratio of a loan to the value of an asset purchased.

    • Collateral: collateral is a digital asset that a borrower pledges to a lender as security for a loan. If the borrower doesn’t repay the loan, the lender can seize the collateral as payment.

  • Step 3:

    Select ‘Currency to Receive’ and enter an amount. Accept the term of use and click Confirm.

    *Note: Please note that the Low-Cost Loan option will be available if you are a Diamond user with enough crypto collateral. The Low-Cost toggle is off by default. If you enable it, the system will lock the collateral amount that is sufficient to bring your Credit Line wallet LTV below the assigned threshold.

  • Step 4:

    If you’re satisfied with the details, click Continue.

  • Step 5:

    A “Security Verification” popup will then display. Enter the OTP sent to your registered Cashaa account and Two-Factor Authentication code (2FA) from your Authenticator app to complete the security verification. Click Continue.

  • Step 6:

    Congratulations! The stablecoin you selected (USDT or USDC) has now been transferred to your Savings Wallet and is visible in the respective balance

Created on January 21, 2025