CoinLoan, a trailblazer in crypto-backed lending, has unveiled a new feature — instant partial loan repayments. Customers can borrow against crypto assets to pay their loans. They have flexible repayment terms and no additional fees. Current and new users can benefit from the interest-only arrangement. You can pay as much or as little interest as you like with the currency they borrowed.

CoinLoan is currently the sole provider of licensed crypto products in the EU. This is a major step forward for cryptocurrency asset management. The feature has been added to the web platform, and it will soon appear in the company’s mobile app.

Previously, CoinLoaners had two options — a fixed schedule of installments and early repayment in full. This new arrangement is in line with customer requests. It reflects the company’s dedication to the unceasing improvement of user experience.

CoinLoan is a lending platform that offers unprecedented freedom, when compared to others. CoinLoan’s rivals are more expensive than its counterparts and charge high interest for early repayment. Borrowers can now decide how much to pay each month, without having to worry about penalty fees. This level of flexibility matches bank loans. Partial repayments allow customers to better manage their finances.

Evgenii Zmchak is the Product Owner at CoinLoan.

“We are very pleased to be able to offer our customers this new feature on our loan offering. For the benefit of both our customers and the larger crypto community, we continue to improve our product. We believe this will give our loan customers more flexibility when it comes to repayments. The CoinLoan team has decades of experience in finance and technology worldwide, and we are looking to bring bank-grade services to the crypto industry.”
CoinLoan has been licensed by the EU as the sole crypto platform. The platform’s multi-faceted functionality includes loans for cryptocurrencies, interest accounts that offer higher than average APY, and services such as exchanges. Bank-level security is available to both individual and corporate clients.

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