100% automated platform. Deposit your assets, withdraw loans, and repay them on your own.
You are in full control. There are no minimum loan repayments. You can repay your loan at any time. You can repay it in fiat, crypto or a combination of fiat and crypto.
One fee - one interest rate. You decide when to pay the fee. Zero other fees. Zero unpleasant surprises.
Military-grade security. Yobank partners with the largest and world-renowned custodian Coinbase to secure all crypto assets.
Multi-asset support. You can deposit BTC, ETH, XRP, BNB, YOC. We keep adding support for new assets on a regular basis. You can deposit several different assets at any time and your loan limit will be automatically calculated. When the value of your assets increases, your loan limit will automatically increase.
Truly a global platform. You can withdraw an instant loan in 40+ fiat currencies across 200+ countries. Usually, you will receive the funds with 1 business day. You can also instant loans in stablecoins directly to your wallet.
Avoid capital gains taxes. When you take a crypto loan and spend that loan, you avoid paying any capital gains taxes, which otherwise in many countries you have to pay when you sell your crypto.
Margin call notifications. You can take a YoBank loan equal to up to 50% of the crypto collateral you deposit. In other words, if your collateral is $10,000, you can get a loan of up to $5,000. If the collateral-to-loan ratio drops from the initial 200% to 140%, you will receive 3 margin calls (notifications via SMS and email) at 140%, 135%, 130%. To avoid partial automatic loan repayments you can deposit more crypto assets. If you don’t, at 120% YoBank Oracle will automatically start selling small chunks of your collateral to keep the collateral-to-loan ratio just above 120%. YoBank Oracle will sell as little as possible, so you hold as much crypto as possible.
On the flipside, if the value of the collateral increases, your credit line will be automatically increased as well, allowing you to take another loan or to spend with the upcoming YoBank credit card.
Ten years of experience in online lending - YoBank’s team built the European fintech group Credissimo, which has been giving out online loans in 6 counties and is a market leader in 2 of those. Credissimo has been audited by Deloitte and has won numerous Forbes awards for innovation. In short, we know how to manage lending risks and how to provide you with a flawless online lending experience.”