SALT is committed to creating a good outcome given the current situation.
Providing a clear path to refinancing current Celsius loans at attractive market rates.
Helping to manage a possible loss of collateral, loss of liquidity, and related tax consequences.
Enabling a streamlined operational process for settling the loans and distributing the crypto collateral.
We’d like to hear from you, if you’re interested!
SALT is pleased to introduce a structured proposal for refinancing loans of Celsius borrowers who wish to participate.
This plan is designed to create a win-win-win situation for all stakeholders, including the Debtor, the Unsecured Creditors Committee (UCC), and Celsius Creditors, by streamlining the process of paying back the principal on outstanding loans as part of the Plan becoming effective.
We know this journey has been an emotional roller coaster, but please complete this form below and let us know if you’re interested.
Proposed Loan Terms
|Term loan with interest-only payments
|Eligibility is determined on a case-by-case scenario subject to KYC/AML requirements and varies based on the amount of the loan
|Loans are available except in certain jurisdictions listed on our Ineligible Jurisdictions page
|Initial Collateral Requirements
|75% LTV maximum LTV post refinance
NOTE: loans w/ 75-85% LTV will be reviewed on an individual basis.
|50% LTV - 10.95% APR*
70% LTV - 11.95% APR*
*APR is inclusive of interest and administration fees
|Up to 0.75% interest rate reductions based on total participation
|0% - prepayment, custody, and withdrawal fees
1% - Administration Fee
|Loan is repayable at any time with no penalty
|Elect to make monthly payments of interest, or you can accrue the interest and pay at maturity. You can pay via wire, stablecoin, or with collateral held in the account (aka PIK)
|You can pay via wire, with stablecoin, or with collateral held in the account
|Reverse Margin call
|Collateral is withdrawable at any time with no fee so long as you do not exceed the LTV at origination threshold
|75% - courtesy notice - no action required. 83.33% - margin notice you are encouraged to deposit additional collateral. 90.91% - collateral is converted to stablecoins
|Each loan is automatically Stabilized if your LTV should exceed 90.91% - once you have returned the LTV to 83.33% you'll be able to convert the stablecoin back into BTC/ETH at your convenience
|All loans are eligible for refinancing at any time subject to current rates and fees
|After the initial 12 months, all loans that are within 5% of the original LTV at the end of the initial 12 month term, are eligible for automatic renewal with the same rates and the Admin fee will be waived for the first renewal
Learn more about our terms & conditions here
5 Steps to Participate in our:
Complete Our Survey
Create a SALT Account*
Verify your ID
Execute Loan Agreement
Close Your Refinancing
What Our Customers Are Saying
I am very happy & satisfied with Justin & SALT Lending customer service support & looking forward to re-financing with SALT Lending..."
Don’t Miss our “X” Spaces for More Info!
Follow us on “X” (Formerly Known As “Twitter”) for a chance to Ask Us Anything, learn more, or simply listen in!
Follow us on YouTube to listen to shorts from our "X" spaces/