Dear Hoo users,
We have launched the “0 interest for the first loan” campaign starting September 20. Users who borrow no more than 300 USDT for less than 90 days are qualified to enjoy the privilege.
Introduction to Hoo Colletral Loan
Collateral Loan is a digital currency loaning service launched by Hoo.com. With a fast granting speed, this service helps to solve your capital problems in time. The borrower gets the loan by staking their digital assets with a daily interests of as low as 0.03%. Coins that can be staked including BTC, ETC, EOS, HC, USDT, BCH and LTC etc.
How to Make a Loan?
- Open Hoo.com APP and go to “Lending” in the “Wallet” page
- Select the coin to borrow, enter and amount and click “Instant Borrowing”
- Select the borrowing days, re-check the details and click “Borrow Now”
- Enter the trading password
- Wait for the system to transfer the coins to your wallet account
- The system will freeze your staked assets as a deposit when you apply for a loan. Please refer to the “Fee” for details and select a loaning period according to your needs.
- In case of fluctuating price (Alert Line: Staked Assets Value/Loan Amount=120%, and the Closing Line is 110%), the system will send you an alert message. Please check your position and take care of it in time or your assets will be forced to closing out.
- The system will release the frozen assets when you made your repayment. You have to pay 5% of the loans per day as a penalty of not repay in time.
- Early Repayment. The loan has a different duration of 15/ 60/ 90 days. If the user conducts early repayment, one day USDT loan interest will be charged.
Available Loan Amount = Value of the Staking Assets * Staking Rate. Different coins have different staking
rates. See details in the following charts:
Sept 23, 2019