Nusa Finance Launches the Fixed Rate Feature, What are the Benefits?

Nusa Finance launched the Fixed Rate feature (photo: Nusa Finance)

JAKARTA - Nusa Finance, a Web3 platform from Indonesia launched a new feature called Fixed Rate, which is expected to help maintain financial stability.

"We are proud to present a fixed rate feature for all Nusa Holders," the company wrote in an announcement on its newsletter page which was sent via email on Wednesday, August 23.

The company also explained that the fixed interest rate on this Nusa loan refers to an interest rate that is fixed or does not change throughout the loan term.

That is, when a borrower applies for a loan and the investor approves it, the interest rate charged on the loan will remain the same from the initial loan to the end of the period.

"This is different from the concept of a lending market with a floating rate, where loan interest rates can change depending on supply and demand in each of these crypto markets," they added.

Nusa Finance also describes several advantages of the fixed rate loan feature at a fixed market rate, including:

Loan Predictability: Borrowers will have a clear picture of the amount of interest that must be borne when applying for a loan. This allows for better budget planning because there are no fluctuations in interest rates that can affect the amount of loan repayments.

Financial Stability: With fixed interest rates, people don't have to worry about a sudden increase in their payment burden. This helps maintain the financial stability of the loan during the loan period.

This fixed rate feature can already be found on the lending market page by selecting "Fixed Market" in the options in the lending market. However, it should be noted that currently the tokens available for collateral are only the NUSA tokens.