Helio 2021 Loan Review • Crypto Loans • Benzinga

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Helio Lending is a great platform that allows you to mine your digital assets for short-term cash. It’s simple and easy to use, and the company does all the work to find the best loan for you.

Helio is a CeFi aggregator that offers several loan options to customers, starting with a loan amount of $ 50,000. In addition, the company can also handle larger transactions in the range of millions of dollars.

The crypto-finance company helps you find the perfect loan based on your situation. Helio takes your loan needs into account and examines different currencies, interest rates, and loan terms from up to 9 lenders to find their clients the best loan for them.

To apply for a loan through Helio, you must click on the “get a loan” button on the home page. You then fill out a short form that asks you for details such as contact details, the amount you want to borrow, the ratio of the loan to the value of your asset, and the cryptocurrency you hold.

Helio offers loan-to-value ratios of 40%, 50%, 69% and 70%. Your APR depends on the loan-to-value ratio, which can be as low as 0%. The company also offers a flexible choice of repayment options that include interest-only or full repayments.

One downside to the signup process that prevents Helio from getting a 5-star rating is the initial difficulty in going through the steps to create an account. Several times the form kept hanging up. However, as long as the contact information you provide is correct, the company will contact you within 48 hours to proceed with the next steps.

Helio’s customer service offering is good. Unfortunately, it only provides one method of contact on its contact page, which is to send an email through the contact form on its website. However, you can schedule a free 15-minute consultation with the Helio team, allowing you to get all the information you need from one place.

To find the company contact number, you scroll down the home page to the frequently asked questions section, click “Can I speak to someone at Helio?” Question, and you’ll receive a contact number and email address.

Overall, Helio’s customer service team are friendly and helpful.

Helio also offers clients the opportunity to earn interest on their crypto holdings. Deposit cryptocurrency into an interest-bearing account and earn up to 10% per year. You can use this option with a wide range of stablecoins and altcoins, including USD Coin, Paxos, Stellar Lumens, Bitcoin, Litecoin, and Ethereum. In addition, Helio does not charge any withdrawal fees.

Elsewhere, Helio has partnered with a real estate transaction platform to allow non-fungible real estate tokens (NFTs) to be used as collateral for loans in the same way as a cryptocurrency-backed loan. Thanks to Helio and the partnership, you can use real estate NFTs as collateral to borrow up to 70% of the NFT value.

When calculating the APR, it includes the interest expense of the loan, fees and other costs related to the loan. With Helio, the APR can be as low as 0%, which it claims to be “the best rates on the market”.

Helio does not charge consumers any fees. Plus, you usually won’t have to worry about margin calls, you can count on loss protection for loans, and you will feel secure knowing that your digital assets remain in a cold warehouse. However, certain products supplied by Helio will be subject to a margin call. Usually these are loans over $ 1 million, but if you don’t want them included you can let the company know and they will only find products with no margin calls.

Of course, the main advantage of the platform is that you can use your crypto holdings as collateral to access money.

However, the platform offers other advantages, such as its simplicity. All you have to do is apply for the loan, and the company does the rest of the work, finding the best deal for you by comparing their 9 different lenders, at no cost to you.

The wide range of loan structures and deposit options gives Helio users great flexibility in choosing the best loan for them.

You can also use the platform as a way to earn interest on your crypto holdings or use Helio to use your digital assets (including NFTs) as a way to buy your next home. During this time, you can be sure that your cryptocurrency is stored safely.

The loan application process on Helio is straightforward and the site is easy to use. Once you click on the “get a loan” button on the home page, all you need to do is fill in the details and hit submit.

Contacting support by sending an email through the form on the website is also simple. The form appears once you have clicked on the “contact” page. However, finding the company’s contact number is a bit more difficult as it is not listed on the contact page. Instead, it’s displayed on the homepage in the FAQ section, which is why it didn’t get all the ratings here.




Helio versus competitors

When analyzing Helio against its competitors, the company stands out for several reasons. Most importantly, your credit score has no bearing on your loan application. If you have a bad credit rating but hold a valuable amount of crypto, this could be the perfect place to get a loan. Additionally, the loan rate is based on the value of your crypto holdings.

The repayment options are also beneficial, as you have the option of paying only the interest and paying off the balance at the end of the loan term.

There is no charge for using Helio’s services, which is also an added bonus.

Helio gets an excellent rating due to its ease of use and variety of options. You can use its services for the purchase of real estate and to monetize your digital assets. It also offers several loan options when it comes to repayments, loan term options, and loan amounts.

Another positive point of the platform is customer service, and the team will help you every step of the way. Overall, Helio Lending’s services feel like they are taking crypto further into the mainstream.

Frequently Asked Questions

Is crypto funding safe?

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Is crypto funding safe?

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Sam Boughedda, Stock Analyst

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The level of security of crypto finance depends on the company you use, but as long as it is reputable, then yes, crypto finance is safe. Do your due diligence beforehand to make sure you can trust the company you are using.

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Benzinga

How does a crypto loan work?

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How does a crypto loan work?

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Sam Boughedda, Stock Analyst

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Crypto loans are secured loans. The borrower takes out a loan in exchange for crypto assets held as collateral. Cryptocurrency, or collateral, is placed in a secure wallet in exchange for a loan which is then repaid with interest. Once the borrower has paid off the loan in full, he receives his crypto holdings (collateral).

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Benzinga

Benzinga has developed a specific methodology for classifying cryptocurrency exchanges and tools. We prioritized platforms based on offers, prices and promotions, customer service, mobile app, user experience and benefits, and security. To see a full breakdown of our methodology, please visit our Cryptocurrency Methodology page.

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