Optimize capital with Credit Line on ONUS app

ONUS Credit Line allows you to create a mortgage loan by Bitcoin, Ethereum, ONUS with 24% interest. Accordingly, mortgage limits of 80%, 60%, 50%, 30% and 25% will be applied to each type of digital asset listed in the Credit Line section. You can create/finish a loan according to the detailed instructions below.

Instructions for creating a loan

1. At the main screen, select Credit Line under Applications

2. Select Create Loan

3. Choose collateral

Each type of collateral will have a different loan limit.

4. Select the currency you want to disburse

Currently ONUS is supporting disbursement in VNDC depending on the type of collateral.

5. Fill in Loan Information

• Amount you want to borrow: Enter the amount depending on your needs
• Interest payment method: Choose 1 of 3 forms of interest payment Daily (0.067%)/Weekly (0.47%)/Monthly (2%)
• The system will automatically display the number of assets to be mortgaged and the current interest rate

6. Click Create loan and confirm to complete

Instructions for loan settlement

1. At the main screen, select Credit Line under Applications

2. Find and view loan details

3. Select Settlement and enter the desired settlement amount. The system will automatically display the loan interest and the total amount to be paid to you to complete the transaction.

Notes when creating a loan

• When the market fluctuates causing the loan value to be greater than or equal to 95% of the total value of the collateral, the system will automatically convert the collateral into VNDC and settle the loan.
• If you pay off a smaller amount of assets than the loan, the remainder will be created as a new loan. You only pay daily interest on this new loan.
• The system will automatically collect interest periodically according to the cycle you choose. If the available balance is not enough to pay interest on the loan, the system will automatically calculate that interest on your debt.