CoinLoan, the only EU-licensed provider of crypto products and the first-ever provider of loans against cryptocurrency, is announcing its new, unique offering of instant partial loan repayments. This option is available to both current and new users of its platform. It allows for an early partial loan repayment without incurring charges or penalties, as CoinLoan operates an interest-only model without early repayment charges. This is a major advance in the intelligent management of crypto assets and means that users will now be able to use partial repayments in the loan’s denominated currency, with flexible amounts.
The new offering is now available on the web platform, soon to be made available on the mobile app too. It comes as a direct response to customer feedback, from CoinLoan’s commitment to continually improving the user experience and the growing use of its loan products. CoinLoan customers now have three loan repayment options to choose from: full early repayment, regular scheduled payment, and partial repayment.
The introduction of partial loan repayments is unique in the world of crypto loans, with most other companies imposing hefty penalties on early repayments. CoinLoan’s new feature means that customers benefit from easier financial management and flexibility and now have a solution comparable to what banks offer. The new feature has no minimum repayment – users can repay as much or as little as they like.
Evgenii Zomchak, Product Owner of CoinLoan, said: “We are very pleased to be able to offer our customers this new feature on our loan offering. We continuously look to innovate our product for the benefit of the user and the wider crypto community, and this development will help our loan customers with greater flexibility on 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 offers a range of crypto services on its platform, with a number of benefits for the user, such as above-average interest rates on its interest accounts. It is the only EU-licensed crypto platform, offering a number of crypto products with bank-rate security standards to both individual and corporate clients.