Helio Lending

One of the most common ways of increasing your wealth within cryptocurrency world is the so-called “ HODL ” — the process of keeping the assets safe in a wallet until the price appreciates. Easy to remember, hard to execute since it usually takes significantly longer for assets to “pump” than expected. With that said, another question arises: how can you make your digital currencies grow? This is where cryptocurrency lending appears. It provides lenders with an opportunity to earn interest on their holdings, and helps borrowers to unlock the value of their digital assets by using it as collateral for a loan. Why should I consider a crypto loan? As previously mentioned,  cryptocurrency loans  unlock the value of your digital assets by using it as collateral for a loan. If you have a long-term view for your investments and have no intention to sell your assets it allows you to maintain ownership of your funds while gaining access to the liquidity. In other words, you can use the...

  One of the major use cases for Bitcoin (BTC) is its store of value. Whether you consider Bitcoin an asset or a form of money, one thing that remains true is that the crypto ecosystem looks to Bitcoin to pave the road for bringing crypto to the rest of the world. The best way to do this is by offering traditional financial products within the blockchain ecosystem. BlockFi is doing exactly this with collateralized crypto-to-usd loans using Bitcoin. Reasons to Take a Bitcoin Loan There are a number of reasons why someone might want to leverage their Bitcoin to take out a USD loan, they just need to understand  how a bitcoin loan works . Most BlockFi clients don't want to sell their Bitcoin because they believe that their crypto assets will increase in value in the long-term. However, they require funding for things like real estate investment, car payments, travelling, or other expenses. Additionally, some lenders like BlockFi have potential upsides whe...

If you own a bitcoin or any other cryptocurrency then we have good news for you. Bitcoin investors can now secure hassle free loans without any involvement of traditional banks with the help of ‘crypto banks’ that have been recently launched in India.  Crypto banks are offering loans up to 50-60% of borrowers’ crypto asset value. Besides bitcoin, these banks are also providing loans on investments in ethereum or ripple or a few other crypto investments.  Interest rates on crypto loans You can easily secure crypto loans at an interest rate of 12-15% per annum. In comparison, banks offer personal loans at around 12-24% interest rate per annum, along with a 2-3% processing fee. Also, keep in mind, that you can repay crypto loans at any point in time, as they come with no specific tenure.  From where to get loans on crypto investments?  Currently, firms like EasyFi Network, Valud and Cashaa, among others, are offering loans against crypto investments in India, accor...

In the financial industry, be it taxes, investments, or loans, a term that is periodically tossed around is “write-off.” We often hear this in the context of taxes (ex. “You will even get a tax write-off!”), but some are not familiar with what it actually means. What does it mean? When an investment, like a loan, becomes delinquent (i.e. payments are late) or in default and is deemed uncollectible, the lender has a choice to make concerning the outstanding investment amount. They can either charge it as an expense or a loss. It is an accounting action that diminishes an asset’s value while simultaneously debiting a liabilities account. It is commonly used by businesses looking to account for unpaid receivables, unpaid loan obligations, or losses on stored inventory. Generally speaking, it can be seen as something to help decrease an annual tax bill.  The core idea is to use the money in conducting business, which was initially put aside at the time of lending the money to borrowers...

borrowers, one type of loan they can acquire is a secured facility. This is a debt that requires collateral, which is an asset that a borrower puts down as security. The lender can seize this asset and sell it to placate the debt should the borrower default. From here, a recourse loan comes into play. What is it? A “recourse loan” refers to a type of loan that assists a lender in recouping their investment. Specifically, if a borrower doesn’t pay and the underlying asset’s value does not cover it. The best way to describe a recourse loan is it’s a form of secured financing. It allows the lender to pursue the debtor’s other assets that were not used as loan collateral. Alternatively, the lender can take legal action in the event of a default in order to fully pay off the debt. A recourse loan is a secured debt typically found in real estate and automobile loans. They provide lenders with substantial power due to having fewer limits on what lenders can pursue for loan repayment. A recour...

There are four basic financial statements: income statements, cash flow statements, statements of retained earnings, and – the topic of this article – balance sheets. What is its purpose?   A “balance sheet” acts as a statement of a business’s financial position that primarily lists the assets, liabilities, and owners’ equity at a specific point in time. Put simply, the purpose of a balance sheet is to illustrate the net worth of a business.   These sheets aid business stakeholders and analysts in evaluating the financial position of a company, as well as its ability to pay for its needs of operation. One can also use a balance sheet to figure out how they can meet their financial obligations. Moreover, they can help determine the best ways to use credit to finance certain operations.   What are Balance Sheets? The balance sheet may possess details from previous years, which will allow you to conduct back-to-back comparisons. This data will provide assistance in tracking ...