Abra's Borrow product offers an opportunity for eligible customers to Borrow USD stablecoin without selling your crypto. Instant loan approval. To apply for a loan, please follow the instructions:
Tap on the 'Borrow' icon on the bottom of your screen.
To apply for a loan, select the ‘Apply’button to start the loan application process
Proceed with the loan application process, select What would like to Borrow?
Decide on How much would you like to borrow?
Pick out a loan term
Select Use your collateral
Choose an interest rate
Confirm Here are your loan terms (“Apply”)
Review and Sign contract (HelloSign)
Loan Contract signed contract (HelloSign)
Add collateral (If collateral requirement has changed, a warning message is shown in red, including available funds)
Success, your loan is being processed.
The loan application process is meant to collect information that will be sent securely to our lending operations team.
For most customers, the application process takes about 2-4 minutes, and the approval of your account may take from a few minutes to a few hours. Some customers outside of the United States may see a small delay of a day or two.
We will notify you once your loan has been approved. You will then need to add collateral by transferring collateral from your trading wallet account to finalize your loan and receive your distribution.
Please note: It will take between 1-3 business days (excluding weekends and holidays) to process your loan application. Funds will be deposited into your trading account.
You can have up to 3 open loans at one time.
Please note the photos above are an example only. The rate, loan period and amount will vary depending on your location and the loan you choose.