The loans have a collateralization mechanism in cryptocurrencies. The user can choose between BTC, ETH, BUSD, USDC and DAI to send as collateral and receive Num Stablecoins.
The loans granted will consist of a single payment in the same currency in which the loan was taken out and to be paid at the end of the term. Interest is paid at 100% at the beginning of the loan, as a discount rate. Once the loan is repaid, Num Finance releases the users collateral.
Loans can be taken for flexible terms. The rate will depend on the currency and term selected. The minimum loan amounts for nuARS and nuPEN are 500,000 and 5,000 respectively.
For further information please read our NumBlog.
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