Now get instant bitcoin backed INR loans!
Working Capital for Scaling Business
Need money to grow your business? Use your Bitcoin to get a quick loan. It's much faster than going to a bank, and you'll pay less in interest too. We'll get you the cash you need in no time, using your Bitcoin as security.
Credit Line for Web3 Freelancers
Are you a freelancer working in web3 Industry in India? Instead of selling your tokens for liquidity, use our loans in the same way as how you would use a credit card
Source of investment capital for Bitcoin Hodlers
Are you a bitcoin hodler? Buy more bitcoins using the DCA (Dollar Cost Averaging) method by getting bitcoin backed loans
Source of carry trade capital for day traders
If you are a day trader, then get bitcoin backed loans to perform carry trades in the traditional derivatives market or alternative investments market
Choose Loan Terms
Use the calculator to finalize the terms of the loan you want to take including the amount, tenure and repayment schedule
Complete KYC
Verify your Aadhaar, PAN, Bank Account. Whitelist your crypto wallet
Deposit Bitcoins
Deposit the bitcoins as collateral in the wallet created for you and submit the transaction hash as proof of transfer
Get Instant Loans
Get the loan amount deposited to your verified bank account instantly after the receipt of the bitcoins
Repayment of Loans
You will get an email reminding you of repayments 7AM on the day of repayments. Follow the process mentioned to repay loans
Liquidation of Bitcoins
Liquidation of bitcoins happen in exceptional circumstances - either when the loan is not repaid or when the price of bitcoin hyperdeflates to a extent that it can no longer be held as collateral
10-15%
APY
1M - 12M tenure
LTV of 50% - 70%
2 Margin calls
Liquidation Point at LTV of 90%
Instant Credit
Loans will be deposited to your bank accounts instantly after receipt of BTC
Security & Ownership
BTC's will be stored in secure MPC wallets, part of whose keys you will own
Flexible Repayments
You can choose to repay monthly or one time depending on your needs
Tokens Supported
We plan to support bitcoins initially and will launch support for other tokens soon
Credit Score doesn't matter
We are able to provide you loans with out credit scores as the loans are collateral backed
Recognized by
Testimonials
"Loans from the team helped provide much needed liquidity for my business. I hope the team provides instant loans soon. I recommend this product to anyone that needs loan against bitcoin"
Neesham Raghav
Are you registered with FIU India?
We are currently working on the process of getting registered with FIU
What is a bitcoin backed loan?
Bitcoin backed loan is a solution where you get loans by depositing bitcoins as collateral. This allows you to get liquidity you need without losing out on the upside of holding bitcoins for the longer term
How to get bitcoin backed loans?
We are currently building the product. You can signup for early access to the product. We have currently enabled offline loans and to avail the same you can reach out to aravind@bticoinpe.in
How does bitcoin loan works?
Based on the market value of the bitcoins you deposit, we issue a fiat credit line at an LTV ratio of 60% post which you can withdraw your loan to the bank account at any point of time. Example: If you deposit bitcoins worth 1L. At a 60% LTV ratio, you will be able to take loans worth a maximum of 60K
Can I take loans for my business?
Initially we plan to offer loans for Individuals. Business loans is very much in the pipeline for future!
What regulatory framework does this business fall under?
Crypto products including bitcoins are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. However, as a User you are entitled to all the rights and remedies available to you as a consumer and as a contracting party to the user agreement signed with Bitcoin.pe, which may enforced anywhere in appropriate legal forum
What is LTV ratio?
LTV means loan to collateral ratio. For example if you deposit bitcoins worth 1L then at an LTV of 60% you can loan a maximum of 60K INR
What is margin call?
If bitcoin price drops and the LTV increases, we provide you the option to rebalance the LTV by topping up bitcoins again.
What is Liquidation Point?
If you don't end up topping up the bitcoins through the margin calls, we will liquidate your bitcoins at the liquidation point to recoup the loan given to you.
How are you ensuring token security?
We are storing your bitcoins with a reputed custodian known for their security features and has been a Industry leading custody service provider for more than 10 years.
How can I avail loans at lower rates than what is mentioned in the website?
By allowing us to monetize bitcoins you provide us the opportunity to offer you loans at lower interest rates. Reach out to aravind@bitcoinpe.in for more details