Personal Loan

We guarantee fast and reliable review of your application, and funding in 24h.


Per Annum



Collateral-to-loan Ratio



Loan-to-collateral Ratio


Loan Term

Maximum Term


How does it work?


You apply

The first step is to submit your application. You will need to have a full account¹ with us for your application to be considered.


We review it

We will review your application, and if everything is all right, you should receive a confirmation email, with an address for you to deposit your collateral.


You deposit, we fund it

After your collateral deposit is confirmed, we will fund your account with your loan, and from there you can withdraw your funds in fiat, if you want to.

¹ A full account will have to meet all KYC requirements.

Some common questions:

You will need to provide us collateral in order to have your loan approved. It helps us on avoiding losses, and that is how we manage to offer lending services with minimum KYC and no credit checks at all. For example, if you want to borrow USD 1,000 and the CLR (collateral-to-loan ratio) is at 1.75, it means that you will have to deposit the equivalent of USD 1,750 either in BTC or ETH to have your application successful. You will also be responsible to keep your collateral above the minimum LCR (loan-to-collateral ratio). It often happens when the assets you have used as collateral loses value against the USD, and it is no longer enough to cover your balance under the minimum LCR requirements. In the same example as above, if you have borrowed $1,000 and the LCR is 80%, the balance on your loan can never be more than 80% of your collateral, or in this case, $1,250. If your LCR goes below the minimum required, we will ask for you to deposit extra collateral within a given timeframe. If you don’t comply, your collateral may be liquidated to service your loan, you will pay a penalty, and the remaining funds – if any – will be credited in your account.

Your loan will be credited and serviced in Swaap Stablecoin (SAP), which is pegged to the US Dollar value at a 1:1 ratio. You will be able to further convert your SAP balance in USD through our platform, and withdraw the funds to your bank account, if so you want to do.

Yes, after your loan is credited in your account, you can convert your Swaap Stablecoins into US Dollars, with the click of a button, and then lodge a withdraw request. The funds will be deposited directly into your bank account.

It is a personal loan, so you can do with it whatever you see fit, which includes buying a new car, a house, or even going out on holidays.

Your loan will have a payback term, and you need to pay it back on its entirety before the term expires. To service your loan, all you need to do is to deposit or mint Swaap Stablecoins (SAP) in your Nova Bank account, and further use it to service your loan. The system will map your account automatically and close off your loan, and your collateral will be sent back to you within 48 hours.

We will liquidate your collateral only: 1. If your loan term finishes and you haven’t cleared it and 2. If your LCR is below our minimum requirements for more than 72h. In both cases, we will liquidate your collateral to service your loan, collect a contractual penalty fee, and credit the surplus (if any) into your account, in Swaap Stablecoin.

What's in it for you?

No credit checks

We don't do any credit checks in order to approve your loan.

Multicurrency liquidity

You may be able to convert your USD loan into your local currency.

Fast and reliable

We guarantee fast and reliable review of your application. Funding in 24h¹.

Help and support

We have a dedicated team to provide you help and support to get your loan.

Secure custody

We provide secure crypto custody for your collateral.

Global and accessible

You can get a loan regardless of where you live or come from.

¹ After the loan has been approved and the collateral deposit has been confirmed.

Loan application form

You will have to have submitted your full KYC form to have your loan approved.