January 31, 2022, Tallinn: CoinLoan, a pioneering provider of crypto loans, has released a groundbreaking feature — instant partial loan repayments. The only EU-licensed crypto platform allows borrowers to repay loans more flexibly than ever. Partial repayments in the denominated currency of the loan do not entail any fees, and there is no minimum required amount. This elevates asset management to a new level of convenience.
Both existing members and newly registered users can save on interest by paying early. The feature has been added to the company’s web platform, and it is expected to appear in its mobile app shortly.
Partial repayments were introduced based on an analysis of customer feedback. Previously, CoinLoan offered borrowers one alternative to a fixed schedule — repaying early in full. Now, partial repayment with zero fees is possible at any moment. This demonstrates the company’s unfaltering commitment to continuous refinement of user experience.
Penalty-free repayment gives CoinLoan a unique advantage. Most lending platforms do not allow early repayment or impose considerable fees. The new feature helps users manage their finances better and more conveniently. In this regard, it makes crypto loans akin to bank services. Each borrower is free to make repayments at any point during the life of their loan.
Commenting on the upgrade, 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 is a pioneer in crypto landing and the only crypto platform licensed in the EU. It offers loans and interest accounts with highly competitive conditions, such as higher-than-average APY. The provider guarantees bank-grade protection for individual and corporate accounts.
CoinLoan, the only EU-licensed crypto business, was launched in 2017. Its versatile platform supports loans against crypto assets, interest accounts, and exchange. Serving both private and institutional clients, it guarantees the highest degree of protection with bank-grade measures for all.
CoinLoan stands out due to attractive conditions for borrowers and lenders, including APYs above the market average. Combined with transparent pricing and around-the-clock human support, these benefits explain CoinLoan’s impressive customer retention rates.
Users exchange and manage a wide variety of assets, including cryptocurrencies, fiat currencies, and CoinLoan’s proprietary token. The company’s drive for innovation is reflected in its state-of-the-art technology and partnerships. It continuously unveils new improvements and opportunities for the benefit of crypto enthusiasts.
For more information, please visit us at https://coinloan.io/