Loans

What are Loans and how they work

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

Written by Sofia
Updated over a week ago

What are the benefits of using Loans?

Interest rates from 4.95%, automatic approval, variable LTV options, and more.

Written by Sofia
Updated over a week ago

How to get a loan: instruction

Provide collateral and select a loan currency, LTV, and term. Learn more in the article.

Written by Anastasia
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

What fees Loans charge

The only fee you pay when using Loans is Origination Fee.

Written by Sofia
Updated over a week ago

Can I borrow against the crypto I hold in the Interest Account?

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

Written by Sofia
Updated over a week ago

Will Loans affect my credit score?

No. CoinLoan doesn't carry a check on the applicant’s credit score.

Written by Sofia
Updated over a week ago

How to download the list of my loans

Go to the Loans tab and press CSV.

Written by Sofia
Updated over a week ago

What is collateral? Which assets can be used as collateral?

Collateral is our way to secure all the funds we lend. See the complete list of assets used as collateral inside.

Written by Anastasia
Updated over a week ago

Can I borrow without collateral?

No, CoinLoan offers only secured loans.

Written by Sofia
Updated over a week ago

Do I still own my crypto collateral?

Yes, you do. You will get your collateral back after repaying a loan.

Written by Sofia
Updated over a week ago

What is LTV (loan-to-value ratio) and how it works

LTV is a ratio between the amount of your loan and the market value of the collateral you choose when getting a loan.

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

What is collateral liquidation process?

Collateral liquidation is the sale of a part of the collateral to repay the loan. There are a few cases when it may occur.

Written by Anastasia
Updated over a week ago

How much time I have before you liquidate my collateral

It depends on your specific situation, as collateral liquidation may occur in a few cases. See some examples inside.

Written by Anastasia
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

Does loan collateral also earn interest?

No. You can’t use the same asset as collateral and earn interest on it simultaneously.

Written by Anastasia
Updated over a week ago

How to repay a loan: instruction

When you get a loan, you have three repayment options: regular scheduled repayment, partial repayment, and full early repayment.

Written by Sofia
Updated over a week ago

Can I make loan repayment using my collateral?

Yes, you can make Regular Scheduled Repayment or Full Early Repayment using your loan collateral. It doesn’t work for Partial repayment.

Written by Sofia
Updated over a week ago

When my first repayment is due

Your first repayment will be due in 30 days after your loan has been approved.

Written by Sofia
Updated over a week ago

What happens if I fail to repay my loan?

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

Written by Sofia
Updated over a week ago