Applying for a Vield crypto-backed loan is straightforward. Follow these steps to complete your application and receive your funds.

Before You Apply

Prerequisites:

  • Verified Vield account: Complete KYC verification
  • Cryptocurrency collateral: Hold BTC or ETH worth at least $4,000 AUD
  • Australian bank account: For receiving loan funds
  • Intended use clarity: Know whether you need a personal or commercial loan

Step-by-Step Application Process

Step 1: Log In to Your Account

  • Visit the Vield web portal or open the Vield app
  • Log in with your verified credentials
  • Navigate to the loan application section

Step 2: Deposit Collateral

  • You'll receive a unique wallet address for your collateral
  • Transfer BTC or ETH from your personal wallet to this address
  • Wait for blockchain confirmation (typically 10-30 minutes)
  • Your collateral value will be displayed in the app once confirmed

Important: Double-check the wallet address before sending. Crypto transfers are irreversible.

Step 3: Complete Loan Application

Provide the following information:

Loan Details:

  • Loan type (personal or commercial)
  • Requested loan amount (up to 50% of collateral value)
  • Intended use of funds

Financial Information:

  • Income information (for personal loans)
  • Employment status (for personal loans)
  • Business details (for commercial loans)

Bank Account:

  • Australian bank account details for fund disbursement
  • Account must be in your name (or business name for commercial loans)

Step 4: Affordability and Suitability Assessment

Vield assesses your application to ensure:

  • Affordability: You can repay the loan based on your income and expenses
  • Suitability: The loan meets your needs and objectives
  • Target Market: You meet Vield's Target Market Determination criteria

This assessment is required by Australian Credit Laws to protect consumers.

Step 5: Review and Sign Loan Documents

If your application is approved, you'll receive:

  • Loan offer letter: Outlining your loan terms
  • Loan Documents: Comprehensive terms and conditions
  • Loan Schedule: Repayment schedule and fee breakdown

Review carefully:

  • Loan amount and fees
  • Interest rate (13% APR fixed)
  • Repayment schedule (quarterly interest)
  • LVR thresholds and default conditions
  • Your rights and obligations

Sign electronically: Complete your digital signature through the Vield platform.

Step 6: Receive Funds

Once documents are signed:

  • Loan amount (minus 2% origination fee) is transferred to your bank account
  • Timeline: Within 2 business days
  • You'll receive email confirmation when funds are sent

Application Timeline

  • Collateral deposit: 10-30 minutes (blockchain confirmation)
  • Application submission: 10-20 minutes
  • Assessment and approval: 1-2 business days
  • Document review and signing: Same day
  • Funds disbursement: Within 2 business days

Total time: Typically 3-5 business days from application to receiving funds.

Multiple Loans

Personal Loans:

You may apply for up to 3 personal loans, provided:

  • Combined LVR does not exceed 50%
  • You have sufficient collateral
  • You meet affordability criteria for total debt

Commercial Loans:

No specified limit on number of loans, subject to:

  • Combined LVR not exceeding 50%
  • Adequate collateral

Application Rejection

Your application may be declined if:

  • Affordability assessment indicates you cannot repay
  • You don't meet Target Market Determination criteria
  • Insufficient collateral
  • Intended use violates prohibited activities
  • KYC verification issues
  • Existing Vield loans are in default

If declined:

  • You'll receive an email explaining the reason
  • You can address the issues and reapply
  • Your collateral remains in your wallet (you can withdraw it)

After Your Loan is Approved

Once funds are in your account:

  • Monitor your LVR: Track in the Vield app
  • Set reminders: For quarterly interest payments
  • Use funds responsibly: Only for stated purpose
  • Plan for repayment: Ensure funds are available for scheduled payments

Common Questions

Can I apply for a loan before depositing collateral?

No. Collateral must be deposited and confirmed before starting the loan application.

Can I add more collateral after applying?

Yes. You can deposit additional crypto to increase your maximum loan amount or reduce your LVR.

What if my crypto value drops during the application process?

If your LVR exceeds 50% at funding, Vield may rescind the agreement or reduce your loan amount to maintain 50% LVR.

Can I cancel my application?

Yes, at any time before signing the Loan Documents. Your collateral will remain in your wallet and can be withdrawn.

Need Help?

If you need assistance with your application:

Email: support@vield.io

Phone: (02) 9157 9669

Response time: Within 1 business day