Support: Loans secured against domains

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What are loans secured against domains?

Loans secured against domains is a service that allows you to take out a loan that will be collateralized by one or more domains that you have in your account. The loan amount depends on what is the price of your domain based on your lenders’ appraisal. The better the [...]

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How to take out a loan secured against a domain?

To take out a loan, you need to start with listing the so-called loan auction. It is an invitation for lenders to make loan offers. An auction’s duration is fixed, and when an auction is over, you can accept the highest offer and take out a loan. To list a loan auction, [...]

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How to give a loan secured against a domain?

If you to give a loan secured against a domain, go to the list of loan auctions in progress and check auctions listed by borrowers. To do this, select Finance > Search for loan auctions on the website menu: The list contains the current loan auctions which invite you to [...]

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What requirements must I meet to give a loan?

Since the loans secured against domains are only available to entrepreneurs, you must have a corporate account with full details of your company on our website in order to give a loan. You must have the necessary funds to disburse the loan because it is required to [...]

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What requirements must I meet to take out a loan?

Since the loans secured against domains are only available to entrepreneurs, you must have a corporate account with full details of your company on our website to take out a loan. Your account must also have a domain, against which the loan will be secured. The value of [...]

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How much does it cost to take out a loan?

The cost of a loan includes two components: The commission for borrowing. This commission is a percentage of the loan amount and is the same regardless of the loan term. The commission is deducted from the amount we transfer to your account after the loan is disbursed. [...]

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For how long can I take out a loan?

You can take a secured loan against a domain for a period of 1 to 36 months.

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What is the interest rate of loans?

The interest rate on loans secured by domains is fixed and specified in the price list of our website. When you list a loan auction or make a loan offer you can view the current interest rate.

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What is the maximum amount I can borrow?

The amount of money you can borrow using your domains as a security is unlimited. However, you can take out a maximum of 10 loans. The limit includes both the active loans and the listed loan auctions. This means that if you already have e.g. 6 active loans, you can [...]

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What happens after a loan auction has been completed?

After a loan auction is completed, the potential lenders can no longer make new loan offers. At this point, you need to decide within 7 days whether and in what amount you will take out a loan. Your options depend on what is the amount of the highest loan offer made by [...]

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Is the borrower obliged to accept my loan offer?

When listing a loan auction, the borrower sets the loan amount he is interested in. If you place a bid equal to or greater than this amount, the borrower is obliged to accept it. However, you may limit the amount of the loan to what the borrower specified when starting [...]

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How to accept a loan offer?

After a loan auction has been ended, the next step to take out the loan is the acceptance of an offer made by a lender. You can accept only the highest offer made in the loan auction. To accept the loan offer, select Finance > Ongoing auctions on the website menu. Find [...]

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A lender has offered a lower loan amount than I expected – Do I have to accept it?

No. If the highest amount offered in the loan auction is lower than the amount you expected and entered when listing the loan auction, you do not have to accept the offer. This offer will also be automatically rejected if – within 7 days of the end of the loan auction – [...]

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A lender has offered a higher loan amount than I expected – Do I have to accept it?

If the highest amount offered in the loan auction is higher than the amount you expected and entered when listing the loan auction, you are required to take out the loan only in the amount you declared when listing it. You can also borrow a higher amount by selecting [...]

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Do I have to wait for an auction to end in order to take out a loan?

No. If, at a loan auction, one made a bid that is satisfactory to you, you can accept it without waiting for the end of the auction. To do this, select Finance > Ongoing auctions on the website menu. Point the mouse cursor to the row describing the selected auction in [...]

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How much can I earn by lending?

The amount of income you can get from lending depends on the interest rate, amount and term of the loan. When you make a loan offer, the applicable interest rate is displayed, so you can see how much you will earn by lending a certain amount of money. By clicking the [...]

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What is the amount of loan that I should give?

The loan is secured against a domain suggested by the borrower, therefore, when making a loan offer, you should be guided by the domain's value and the amount that will be recoverable if there is a necessity to auction off the domain.

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Is it safe to give loans?

As the loans given are secured against domains, they are safer than traditional community loans, which do not have any security. If the borrower fails to repay a loan, you have the option to list a domain on an auction to recover the outstanding amount of arrears. [...]

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How to verify the borrower's credibility?

Before making a loan offer, you can check the borrower's rating. It informs you on whether the borrower has taken out loans in our website before and whether they paid them off timely. The rating shows you the number and the number of loans taken out by the borrower [...]

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Does making a loan offer oblige me to give the loan?

Yes, making a loan offer is treated in the same way as making a domain purchase offer on the marketplace and means that if your offer is accepted, you are obliged to deposit all funds to disburse the loan within 7 days. If you do not deposit funds to disburse the loan, [...]

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Does starting a loan auction oblige me to take out a loan?

Yes. If in your auction the borrower makes an offer that is at least equal to the amount you expected – which you declared when listing the auction – you are obliged to enter the loan agreement. If the amount is lower than the amount you set in the auction, you can [...]

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How to check the loan repayment schedule?

To check the installment schedule of the loan you have taken out, select Finance > Taken loans. As a lender, you can perform the same operation by selecting Finance > Granted loans. In the list of loans that appears, point the mouse cursor to the row describing the loan [...]

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Why was my account credited with an amount lower than the amount of the loan taken?

Once the loan is disbursed, we automatically charge a loan commission from the amount transferred to your account. Therefore, the amount that is credited to your account when the loan is disbursed will be lower than specified in the loan agreement you have entered into.

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Can I repay a loan earlier?

No, at the moment it is not possible to repay a loan earlier. A loan should be repaid in accordance with the agreed schedule.

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What is the security of a loan?

A loan is secured against a domain, which was chosen when listing a loan auction. If a loan is not repaid on time, the lender will have the option to put the securing domain up for sale and recover the unpaid receivables. The domain is the only form of collateral for a [...]

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What happens after a loan has not been repaid?

If a loan is not repaid on time, the lender has two options: To extend the installment due date so that the borrower will have more time to repay the installment. To terminate the loan agreement and place the domain securing the loan at an auction. In the latter case, [...]

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I have not repaid a loan installment, what can I do?

If you have not paid one of the loan installments, you should take action as soon as possible to prevent the loan agreement from being terminated. If the installment is not paid within 7 days of the payment deadline, the loan remains "At risk". While it is in this [...]

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The borrower has not repaid a loan installment, what can I do?

If the borrower has not repaid a loan installment, you may give them more time to pay off the outstanding installment or terminate the loan agreement. You have 14 days to make this decision. After this time, the loan agreement will be terminated automatically. To extend [...]

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How do we compare the options of issuing auctions after a failure to pay off a loan?

When starting an auction of a domain that is collateral for the non-repaid loan, you can start an auction either with a minimum price or without a minimum price. Your choice will have an impact on how the auction will be conducted and what happens if it does not reach a [...]

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A domain was auctioned off but it has not reached the amount of arrears. What is going to happen now?

If an auction of a domain that secures a loan has not reached the amount of the loan remaining to be paid off, there will be two possible situations. Which one occurs depends on whether or not an auction has been listed with a minimum price. If an auction has been [...]

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Will I receive a domain if the borrower does not repay a loan?

If a borrower does not repay a loan, you can direct the domain to an auction in our website. The auctioned amount will be used to pay off the arrears. This means that you cannot directly receive a domain that secures a loan. The only exception is if you have listed the [...]

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