Turbo loans provide the opportunity to create a "chain of loans" in one click. After the user pushes the "Get Turbo" button, our platform automatically uses the fiat that was lent to buy more crypto without any fee (limited offer) to use as the collateral for the next loan in chain. Furthermore, the interest rate on each loan reduces with every additional step added.
In order to use Turbo Loan, first visit the "Get Loan" page.
In each tariff, that supports Turbo Loan a "Turbocharge" button will appear.
Push the "Turbocharge" button to activate the Turbo Loan mode.
The minimum amount for the first loan is 100 USD.
In this mode, you can set the initial collateral amount and set the number of loans, that will be part of the loan-chain.
In the tariff card, a new parameter will appear showing how much additional cryptocurrency you will get with this particular turbo-loan.
After creating the turbo loan request, YouHodler automatically buys additional crypto for the borrowed funds without any fee (limited offer), uses it as the collateral for a new loan in the chain and then repeats it the number of times that you set. Interest for every additional loan in chain will be lowered on -1%
Please be advised, that all operations will be executed on real crypto exchanges. Hence, the price rate and time of the transactions may vary.
We recommend to use Turbo Loan feature if you want to multiply your crypto assets using a series of chain loans.
In order to get the cash with your loan, please, use the classic crypto-backed loans.