Are there any fees associated with lending on Gemini?

3 answers

• May 03, 2022 · 3 years ago
  Yes, there are fees associated with lending on Gemini. The fees vary depending on the specific lending product you choose. Gemini charges an annual interest rate for borrowing funds, and this rate can range from 4% to 12%. The fees are calculated based on the amount borrowed and the duration of the loan. It's important to note that the fees are deducted from the loan amount before it is disbursed to the borrower. So, if you borrow $1000 and the fee is 5%, you will receive $950. The fees are transparent and clearly displayed before you confirm the loan.
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• May 03, 2022 · 3 years ago
  Absolutely! Gemini does charge fees for lending. The fees are determined based on the interest rate and the duration of the loan. The longer the loan term, the higher the fees. It's important to carefully review the fee structure before committing to a loan on Gemini. Make sure to consider the fees in your overall lending strategy to ensure it aligns with your financial goals.
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• May 03, 2022 · 3 years ago
  Yes, there are fees associated with lending on Gemini. The fees are calculated based on the interest rate and the duration of the loan. Gemini provides a clear breakdown of the fees on their platform, so you can easily see how much you'll be charged. It's important to consider the fees when deciding whether to lend on Gemini, as they can impact your overall returns. However, Gemini's fees are competitive compared to other lending platforms in the industry.
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