Start requirements for getting a loan

  1. 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.

  2. 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 Instant Loan tab on the platform and choose an asset to borrow. Click the Borrow button.

Choosing a loan currency — 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 Now button.

⠀⠀4. All done! Your Instant Loan is approved.

Instant Loan Confirmation — Web platform

⠀⠀5. You can find your loan by going to the Loans tab.

Loans tab — Web platform

Mobile app

  1. Open the CoinLoan mobile app on your Android or iOS device.

  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.

Note: The maximum loan amount you can get is 70% of your collateral value.

⠀⠀4. When parameters are set, click the Get Loan button.

Loan confirmation — Mobile app

⠀⠀5. All done! Your Instant Loan is approved.

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