Start requirements for getting a loan
KYC verification. You must complete a KYC verification process, as you can’t use our products without being verified. It’s automatic and takes only a couple of minutes. Please see our KYC verification guide for more details.
Collateral. CoinLoan offers only secured loans. That’s why borrowing funds without collateral is impossible. Check our article about collateral if you want to know more. To provide collateral, you need to deposit it to our platform. See our guides on the ways of depositing fiat and crypto.
After completing these steps, you are good to go!
How to get a loan
Web platform
⠀⠀1. Go to the Loans tab on the platform and click the Get Loan button.
Get Loan button — Web platform
Get Loan button if you have no loans— Web platform
⠀⠀2. Set up the loan parameters: choose your loan amount, LTV, collateral amount, loan term, and Origination Fee type.
Loan Parameters — Web platform
Note: The maximum loan amount you can get is 70% of your collateral value.
⠀⠀3. When all the parameters are set, tick I have read and agreed to the Loan Agreement and click the Get Loan button.
⠀⠀4. All done! Your loan is approved.
Loan Confirmation — Web platform
You can now find your loan by going to the Loans tab.
Loans tab — Web platform
Mobile app
⠀⠀2. Go to the Loans module and press the Get Loan button.
Get Loan — Mobile app
⠀⠀3. Set up the loan parameters: choose your loan amount, collateral amount, LTV, loan term, and Origination Fee type.
Loan parameters — Mobile app
Note: The maximum loan amount you can get is 70% of your collateral value.
⠀⠀4. When parameters are set, click the Get Loan button.
Get Loan button — Mobile app
⠀⠀5. All done! Your loan is approved.
Loan confirmation — Mobile app