Lender
Rating by Finanso®
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MyConstant PayOff

Advertiser Disclosure

Repayment of loan

The payments will be deduced directly from your account. You can add funds to cover payments by:

  • Transferring USD to MyConstant bank account

  • Sending stablecoins (USDT/USDC/TUSD/GUSD/PAX/USDS)

  • Using your collateral.

Collateral

The company notifies you in case your collateral falls to 110% of the loan value plus interest rate to avoid liquidity pools. MyConstant will create a sell order to pay the investor, so you will lose the collateral. So, if you get notifications at 125%, 120%, and 115% falling, you can opt for early payment or provide more collateral. 

In case your collateral rises, you will get an exceeding value. Once you pay back the total sum, you can withdraw your collateral and use it.

Fees

With MyConstant, there are no repayment fees, so you can pay anytime. 

However, there is a matching fee of 3.5% for borrowers. If you repay with collateral, MyConstant will issue a 2% fee. For late payments which are 24 to 72 hours past due, there is a fee of 10% of the total interest.

FAQ

What are MyConstant payment methods?

The payments will be withdrawn automatically. You need to add funds to your account. This can be done through ACH or Wire.

What are MyConstant transaction limits?

For USD, the ACH limit is $50,000 per day. For crypto, there are no limits.

How do I withdraw money from MyCostant?

You can use ACH or use Wire withdrawals. The transactions are free.

Financial products
MyConstant
Crypto-backed Loans
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
from $50
Rate
i

Effective interest rate on the product

up to 6%
Term
i

Loan term for the financial product

up to 6 months
MyConstant
Lend Crypto
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.

MyConstant
Deposit USD
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.

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Recommended FinScore™
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1000
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charged a $27 fee
Calculate loan payments in MyConstant

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

MyConstant calculator
Interest rates are given in accordance with the rates of the MyConstant of 29.05.2024
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