Bitnob's interest rates vary based on several factors:

• Collateral type: More stable assets (like USDT) may have lower rates
• Loan term: Longer terms may have different rates
• Market conditions: Rates adjust based on market volatility
• Your account history: Good repayment history may qualify for better rates

Current rates are displayed when you apply for a loan and are locked in for the duration of your loan.

Understanding LTV is crucial for managing your loan:

Initial LTV: Maximum 50% - you can borrow up to half your collateral value

Example: If you deposit $10,000 in Bitcoin, you can borrow up to $5,000

Current LTV: This changes as your collateral value fluctuates with market prices

Liquidation threshold: If LTV reaches 83%, you'll receive a margin call. At 90%, your collateral may be liquidated to repay the loan.

If your collateral value drops and your LTV increases:

1. You'll receive an email and notification about the margin call
2. You have options to avoid liquidation:
   • Add more collateral to your loan
   • Make a partial payment to reduce the loan balance
   • Pay off the entire loan
3. If you don't act before liquidation threshold, your collateral will be sold
4. Sale proceeds are used to repay the loan, fees, and penalties
5. Any remaining funds are returned to your wallet

Understand the costs associated with your loan:

• Origination fee: One-time fee when the loan is disbursed (typically 1-2%)
• Interest: Charged monthly based on your APR
• Late payment fee: Applied if you miss a payment deadline
• Liquidation fee: Charged if your collateral is liquidated (typically 5%)
• Early repayment: No fees - you can pay off anytime

All fees are disclosed upfront in your loan agreement before you accept the loan.