Understanding Your Exa Credit Limit
Your credit limit is a key feature of your Exa account that directly determines how much you can borrow. It's designed to be a transparent and dynamic reflection of your financial standing within the Exa ecosystem. This guide breaks down exactly what it is, how it works, and how you can manage it.
What is the Exa Credit Limit?
Think of your Exa credit limit as your total available borrowing power. It's the maximum amount of funds you can borrow across all Exa Loans.
Unlike a traditional credit score, our credit limit isn't based on your past borrowing history with external banks or credit reporting agencies. Instead, it is calculated dynamically based on the assets you hold with us and your current financial activities on the Exa platform.
How Does My Credit Limit Work?
Your credit limit directly impacts the amount you can select when taking out a new loan. When you go through the loan application process, the system will prevent you from borrowing an amount that exceeds your available limit.
Your limit is not static; it can change over time based on three core factors.
What Affects My Credit Limit?
Your Exa credit limit is influenced by a combination of your assets and your liabilities within our platform.
1. Your Available Collateral
This is the most significant factor. The more assets you hold in your Exa account, the higher your potential credit limit will be. We apply a Loan-to-Value (LTV) ratio to your collateral, which means your credit limit is a specific percentage of the total value of your eligible assets.
Example: If you have $10,000 worth of assets eligible for collateral, and the LTV is 70%, your credit limit from this collateral would be $7,000.
2. Your Ongoing Loans
Any outstanding loan balance you have with Exa will reduce your available credit limit. As you repay your loans, the portion of your credit limit that was being used becomes available again.
Example: If your total credit limit is $7,000 and you take out a loan for $2,000, your remaining available credit limit will be $5,000.
3. Your Credit Card Purchases
If you have an Exa-linked credit card, your recent purchases can also impact your credit limit, ensuring a holistic view of your financial activity on our platform.
How Can I See My Available Credit Limit?
You can view your current credit limit at any time within your Exa account dashboard. It will be clearly displayed and will update dynamically as market values and your account activities change.
How to Increase Your Credit Limit
Your Exa credit limit adjusts automatically based on your collateral. Here's how to increase it:
Option 1: Add More Collateral (Automatic)
The fastest way to increase your limit is to deposit additional eligible assets into your Exa account. Your credit limit will recalculate automatically once the deposit is confirmed. No manual request is needed.
Deposit additional crypto or eligible assets into your Exa account
Wait for the deposit to be confirmed on-chain
Your credit limit will update automatically in your dashboard
Option 2: Pay Down Existing Loans
Repaying part or all of an outstanding loan frees up your available credit immediately.
Option 3: Request a Manual Review
If you believe your limit doesn't reflect your current financial position, or if you need a temporary increase for a specific purpose, you can request a manual review:
Contact our support team through the Exa App or via chat
Let us know the amount you're looking for and the reason
Our team will review your account and collateral position
You'll receive a response within 1–2 business days
What Determines Eligibility for a Higher Limit?
Total value of eligible collateral in your account
Current outstanding loan balances
Account history and standing
Current LTV ratios for your asset types
By understanding the factors that shape your Exa credit limit, you can effectively manage your borrowing capacity and make informed financial decisions that align with your goals.