Vield offers two types of crypto-backed loans: Personal Loans for individual use and Commercial Loans for business purposes. While both use cryptocurrency as collateral, they have different eligibility requirements, maximum amounts, and permitted uses.
Quick Comparison
| Feature | Personal Loan | Commercial Loan |
|---|---|---|
| Loan Amount | $2,000 - $250,000 | $2,000 - $500,000 |
| Intended Use | Personal or domestic purposes | Business purposes only |
| Applicant Type | Individuals | Individuals or entities |
| Employment Required | Yes (full-time, part-time, or casual) | No |
| Multiple Loans | Up to 3 loans | No specified limit |
| Interest Rate | 13% APR (fixed) | 13% APR (fixed) |
| Loan Term | 12 months (fixed) | 12 months (fixed) |
Personal Loans
Eligibility Requirements:
- Age: 18 years or older
- Residency: Permanent resident or citizen of Australia
- Employment: Full-time, part-time, or casual employment
- Collateral: Hold BTC or ETH worth at least $4,000 AUD
Permitted Uses:
Personal loans must be used for personal or domestic purposes, such as:
- Home renovations or improvements
- Debt consolidation
- Vehicle purchase
- Education expenses
- Medical expenses
- Wedding or special events
- Travel
Multiple Loans:
Personal loan customers may request up to 3 loans, with a combined maximum of 50% LVR on total collateral provided.
Commercial Loans
Eligibility Requirements:
- Age: 18 years or older
- Residency: Permanent resident or citizen of Australia
- Business purpose: Loan must be for business use only
- Collateral: Hold BTC or ETH worth at least $4,000 AUD
Business Documentation Required:
- Company details (ABN/ACN, registered business name)
- Ultimate beneficial owners (names, addresses, dates of birth)
- Directors (names, addresses, dates of birth)
- Authorized users who will operate the account
Permitted Uses:
Commercial loans must be used exclusively for business purposes. Vield reserves the right to verify business use and may suspend or terminate accounts if loans are determined to be for personal use.
Multiple Loans:
Commercial loan customers may request multiple loans, subject to maintaining a combined maximum of 50% LVR across all loans.
Common Features
Both personal and commercial loans share:
- Collateral: BTC or ETH only
- Maximum LVR: 50% at loan origination
- Interest rate: 13% APR (fixed)
- Loan term: 12 months (fixed)
- Origination fee: 2%
- Repayment schedule: Quarterly interest payments
- Early repayment: Permitted (early repayment fee applies)
- LVR management: Same thresholds (65%, 70%, 75%, 85%)
Prohibited Uses (Both Loan Types)
Neither personal nor commercial loan funds can be used for:
- Gambling or betting
- Bail or bond payments
- Payments to government agencies
- Charitable or social organization donations
- Any illegal activities
Which Loan Type is Right for You?
Choose Personal Loan if:
- You're borrowing for personal or household use
- You need up to $250,000
- You're applying as an individual
Choose Commercial Loan if:
- You're borrowing for business purposes
- You need up to $500,000
- You're applying as a business entity
Important: Vield determines loan classification based on intended use. Misrepresenting loan purpose may result in account termination and immediate repayment demand.
Need Help?
Email: support@vield.io
Phone: (02) 9157 9669