Instant Loans

How CoinLoan Instant Loans Work

A comprehensive crypto-backed borrowing guide.

Written by Sofia
Updated over a week ago

What is CoinLoan Instant Loan?

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

Written by Sofia
Updated over a week ago

What is the Loan-to-Value (LTV) Ratio?

A ratio between the amount of your loan and the market value of your collateral.

Written by Sofia
Updated over a week ago

What Happens when the Market Value of My Cryptoasset Changes?

If your collateral value drops significantly and LTV reaches a danger zone of 80%, you’ll get an email with instructions.

Written by Sofia
Updated over a week ago

Are There Any Prepayment (Early Repayment) Fees or Penalties?

To make an early repayment on CoinLoan, go to My Loans > Loan Details > Repayment Schedule.

Written by Sofia
Updated over a week ago

What Are the Benefits of Using Crypto Loans?

It is a chance to unlock the value of crypto while holding.

Written by Sofia
Updated over a week ago

How to Download the List of My Loans?

Steps to downloading a CoinLoan list of loans.

Written by Sofia
Updated over a week ago

Get a Loan with the Lowest Rate Possible

Written by Sofia
Updated over a week ago

Can I Initiate the Sell of Collateral to Make a Repayment?

Yes, you can make a partial or full repayment using the collateral of your loan.

Written by Sofia
Updated over a week ago

Can I Borrow Against Crypto I hold in the Interest Account?

You can't use the same asset in the Interest Account and Instant Loans simultaneously.

Written by Sofia
Updated over a week ago

How to Sleep Well During the Market Crash if I Have a Loan?

How to make your loan more resistant and sleep well during the next market crash

Written by Sofia
Updated over a week ago

Can I Borrow Without Collateral?

No, CoinLoan offers only secured loans.

Written by Sofia
Updated over a week ago

Can I Get More than One Loan at a Time?

On CoinLoan you can borrow an unlimited number of loans.

Written by Sofia
Updated over a week ago

When will My First Repayment Be due?

You can view your CoinLoan payment schedule selecting My Loans > Loan Details > Repayment Schedule.

Written by Sofia
Updated over a week ago

Do I Still Own My Cryptoasset?

On CoinLoan you get your collateral back after you repay the loan.

Written by Sofia
Updated over a week ago

Will My Credit Score Be Affected by Applying for a Crypto-Backed Loan?

CoinLoan doesn't carry a check on the applicant’s credit score.

Written by Sofia
Updated over a week ago

How Do I Repay My Loan?

Check out info about repayment algorithm, repayment currency and early repayments.

Written by Sofia
Updated over a week ago

What Happens if I Fail to Repay My Loan?

If the borrower wasn’t able to pay, the system would try to make an automatic repayment.

Written by Sofia
Updated over a week ago