California-based Celsius customers can now apply for a loan issued in USD and stablecoins against 39 cryptocurrencies at 0% APR.
As customers are allowed to request as low as $500, this makes Celsius one of the most accessible and affordable lenders in the city. The customers can also choose to receive educational materials from Celsius via the Credit Education Program offering.
Celsius received its Finance Lender license in California earlier this month. This permits the company to expand its operations in the state and allow Californians to access more industry-leading financial tools.
Our California customers have waited for this day, and we are thrilled to now provide them with the best way to borrow against their crypto assets. This represents a big milestone for Celsius as we continue to secure licenses and registrations in new jurisdictions and allow millions of new people to borrow better.
Aliza Landes, Celsius’s VP of Lending
The company strives to continuously provide fair, transparent, and low-cost financial services to more people. Users are able to instantly take out loans without selling their digital assets and showing proof of income or credit check, which gives them the security of cash-in-hand.
