Lender
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Apply For Abra

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How to apply

To apply for any of Abra's services, you need to download the application. Then, on the main screen of the app, tap the "Sign Up" button. Fill in the form by providing your name, email, country, and phone number, and click the "Continue" button.

Abra will send the code to your phone number. Once you fill it in, choose the PIN number and remember it.

To apply for a loan with Abra, tap on the "Borrow" button at the bottom of your screen. After you click Apply, you will start an application process. Select the currency you want to borrow: USDCT, TUSDT, or PAXT, and the loan amount. Choose the loan term, the currency you will use as collateral and APR. Click Apply again and sign the contract with Abra. You will need to provide funds to the Abra wallet as collateral. Once you transfer them, your loan will be processed.

To open an interest account, click the "Earn" icon on the bottom and choose the crypto. Your application will be approved within a few minutes to a few hours. The company will notify you once you are able to make transfers.

Requirements

Although Abra is an online platform, it Is not available in New York. However, you will only need to set up an account with the company and fund your digital wallet with either BTC or ETH cryptocurrencies. Abra doesn't check your credit score or employment. You borrow against the collateral in the form of crypto.

Application details

Most Abra customers won't need to provide the company with any documentation. Yet, sometimes Abra Borrow may ask for additional information. The package of papers varies depending on the customer. If there is an instance Abra needs extra information from you, it will notify you via app or email.

The personal information you should submit is:

  • A valid driver's license,

  • Government-issued ID, or

  • Passport.

FAQ

How do I apply for an Abra interest account?

Once you decide on what you want to apply for: earn, borrow, or trade, tap on the "Earn" button on your screen. Choose the crypto to start the application. Provide the required information and wait for Abra to notify you of the results.

How do I apply for an Abra loan?

To apply for a loan with Abra, click on the "Borrow" button and then select "Apply". Choose the amount of the loan, the currency, loan term, and collateral. Confirm your choices and sign the contract. You will need to fund your collateral for the loan to proceed. 

How much can I borrow from Abra?

You can borrow from Abra up to $500,000 depending on how much collateral you can provide.

What is an Abra Collateral Call?

A collateral call is a notice from a company that, to maintain your chosen LTV, you need more collateral.

Financial products
Abra
Digital wallet
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$10,000-$500,000
Rate
i

Effective interest rate on the product

up to 9.5%
Term
i

Loan term for the financial product

up to 36 months
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Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
100.00 – 20000.00 $
Rate
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Effective interest rate on the product

from 0.05 %
Term
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Loan term for the financial product

5 days – 3 months
Finanso
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Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
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300
650
1000
2000.00 – 100000.00 $
Rate
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Effective interest rate on the product

6.34 – 35.89 %
Term
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Loan term for the financial product

2 months – 72 months
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
100.00 – 4000.00 $
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

4.25
(20 Ratings)
Recommended FinScore™
0
300
650
1000
to 1500.00 $
Rate
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Effective interest rate on the product

to 160.00 %
Calculate loan payments in Abra

Abra calculator will allow you to calculate an approximate payment schedule for the loan

Abra calculator
Interest rates are given in accordance with the rates of the Abra of 12.06.2024
Loan amount
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Loan term
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months
days
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36
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