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What are Loans and how they work
What are Loans and how they work

Use your crypto as collateral to get a loan without credit checks with Loans.

Sofia avatar
Written by Sofia
Updated over a week ago

Loans is a service with the help of which you can get a loan in fiat or crypto that will be automatically approved in less than a minute. We require no paperwork or credit history checks. You only need collateral to secure your loan. Read how to get a loan in our detailed guide.

Can I borrow without collateral?

No, CoinLoan offers only secured loans. Collateral is the only requirement to get a loan. It allows us not to do paperwork or credit history checks as banks do. Instead, our Loans are approved automatically because they are secured by collateral.

Please refer to our article about collateral to get more information.

How much can I borrow?

It depends on the LTV you choose. On our platform, the maximum loan amount you can get is 70% of your collateral value. Please see our article on how LTV works for more details.

What is loan liquidation?

Collateral liquidation may occur in a few cases. For instance, if you fail to make your regular loan payment or if your collateral market value drops significantly. Read our article about collateral liquidation to know more about the process.

How much time do I have before my collateral gets liquidated?

Your collateral liquidation time depends on your specific case. Learn more about the liquidation time for each case in our article. Be aware that in case of a sudden market crash, we can’t tell you how much time you have before we liquidate your collateral. The process can take minutes or hours, depending on the market situation.

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