# Loan Faqs

<mark style="color:blue;">**How does TinqFi's Instant Crypto Loan work?**</mark>

\ <mark style="color:orange;">**Ans:**</mark> Unlike a regular loan, TinqFi offers crypto-backed loans where your digital assets serve as collateral. Simply put, we provide you with money or stablecoins, and you supply crypto as repayment collateral.

When you add digital assets to your TinqFi wallet, you will receive stable currencies such as USDT or USDC immediately that will be credited to your TinqFi account.

<mark style="color:green;">**How to Apply for TinqFi Instant Crypto-Backed Loans:**</mark>

<mark style="color:green;">**⦁**</mark> Sign up for TinqFi by downloading the app from the Apple or Google Play stores. \ <mark style="color:green;">**⦁**</mark> Top up your crypto assets and finish the verification process.\ <mark style="color:green;">**⦁**</mark> To apply for an Instant loan and withdraw stablecoins, go to the Dashboard interface and tap the "Loan" button.

<mark style="color:red;">**NB**</mark>: Please keep in mind that, according to anti-money laundering laws, you may be required to produce supporting documentation to confirm the origin of your funds.\
\ <mark style="color:blue;">**What are the advantages of holding $TINQ Tokens?**</mark>&#x20;

<mark style="color:orange;">**Ans**</mark>:Your Loyalty is calculated by comparing the value of your TinqFi Tokens to the value of the remainder of your portfolio and the frequency with which you use other products available on the TinqFi platform to determine the interest rate you receive and used to decide your Loyalty Tier.

\
\ <mark style="color:blue;">**How fast do I get my money?**</mark>&#x20;

<mark style="color:orange;">**Ans**</mark>: TinqFi's crypto-backed Loans are fast and guaranteed, meaning you'll get the money in your TinqFi account immediately after you apply.

However, the time it takes to process external withdrawals in USDT (Tether) and USDC (USD Coin) is typically less than half an hour, and you will receive the funds in your designated wallet provided. How does TinqFi safeguard my collateral? TinqFi is setting a new standard for the blockchain industry by implementing stringent Know Your Customer and Anti-Money Laundering regulations, as well as superior risk assessment, data protection, and reinforced cybersecurity.

TinqFi uses military-grade 256-bit encryption to safeguard your account information, and your collateral is stored in Class III vaults and will be insured by our custodial partners.

<mark style="color:blue;">**What is loan-to-value (LTV)?**</mark>

<mark style="color:orange;">**Ans**</mark>: The loan-to-value (LTV) ratio defines how much crypto collateral is required to obtain a crypto loan.

LTV is expressed as a percentage of the ratio that exists between the crypto loan amount in USD and the value of the collateral asset in USD.

A case study: The amount of the crypto loan is $7,000. The collateral is worth $10,000. LTV (%) = ($7,000/$10,000)\*100% = 70.0%
