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Paxos Standard loan calculator

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Apply for a Nexo loanNexo
paxnexo
APR: 6.9%
  • 28.75 PAX28.75 USDMonthly repayments
  • 345 PAX345 USDTotal repayments

Details of PAX crypto collateralized loan explained

For an amount of 5000 USD cryptocurrency collateralized loan from Nexo, at a rate of 6.9% annual percentage yield (APY) over 12 months, you will need a down payment of 10000 PAX collateral up front and be paying interest in USD. This loan has a loan to value rate of 50% and will default unless repayments are fulfilled or your cryptocurrencies' value cannot cover the loan's USD value (In which case your collateral will need to be topped up according to loss of monetary value).

Total loan interestyou will be paying over 12 months will be 345 PAX

This will equate to $345 of yearly loan repayments in US Dollars. This has been calculated at a valuation of $1 per Paxos Standard.

Apply for your Nexo account today.

  • What is Paxos Standard loan calculator?

    Paxos Standard loan calculator is a tool to calculate the attributes of your loan product, such as interest per week, monthly repayments, total interest, provider, APY and these product's USD monetary value.

  • What is compound interest? How does it apply to Paxos Standard?

    Compound interest is interest that’s based on the initial Paxos Standard principle, together with the accumulated interest of the previous period (daily, weekly, monthly). It’s essentially interest on the principle and the interest earned to date on your Paxos Standard. Think of it as interest on interest. The more frequently your Paxos Standard compounds, the more it accumulates.

  • What is simple interest?

    Simple interest is only based on the principle amount and not the interest owned during the period of the deposit or loan.

  • Compound vs simple interest

    If you’re taking a savings account and want to accrue the maximum amount of interest, always try to take a compound interest rate. Try to get one that compounds as frequently as possible.

  • Paxos Standard Crypto interest vs fiat interest?

    In principle, they work exactly the same. The difference is that the interest is based on the amount of Paxos Standard cryptocurrency you have instead of the amount of fiat cash you have.

  • Do I have to pay tax on my Paxos Standard interest?

    Everybody’s circumstances are different, however, in most cases yes. You should seek advice from a professional tax advisor if you’re concerned about the tax ramifications of earning interest on your Paxos Standard crypto assets.

  • Are there fees on the interest I earn on Paxos Standard?

    There can be fees to open, use and withdraw from Paxos Standard crypto savings interest rates accounts. It’s important to do your research before opening an account to make sure you pay as little fees as possible for your Paxos Standard.

  • Is there a minimum deposit?

    Depending on the provider, there can be a minimum deposit for your Paxos Standard lending product.

  • Is there a maximum deposit?

    Depending on the provider, there can be a maximum deposit for your Paxos Standard lending product.

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