CoinLoan review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

CoinLoan is a crypto-backed lender for adults who already hold digital assets and want cash without a credit check. Terms run 1 to 36 with Instant approval and free early repayment, while your coins stay pledged as collateral until the balance is settled in full.

Key facts

Best for
Adults with crypto to pledge who want a secured loan, a low rate and no credit check.
APR
5.5% (Source, checked September 26, 2026)
Term
1 to 36 months (Source, checked September 26, 2026)
Arrangement fee
1% of the loan amount, 0.5% if paid with CLT (Source, checked September 26, 2026)
Credit check
None (Source, checked September 26, 2026)
Funding time
Instant approval (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
18+, full legal capacity in domicile, not a resident of a Restricted Jurisdiction, KYC verification required (Source, checked September 26, 2026)
Origination fee (%)
0.5% to 1% (Source, checked September 26, 2026)
Loan types
Secured (Source, checked September 26, 2026)
Founded
2017 (Source, checked September 26, 2026)
Support channels
Email, Chat, Phone, Help-centre, Community (Source, checked September 26, 2026)
Features
Same-day funding
Official website
coinloan.io

Apps and profiles

Get the app
Google Play
Elsewhere
TrustpilotLinkedInXreddit.com

Pros and cons

Pros

  • The credit check is none, so approval turns on the crypto you pledge rather than a credit file.
  • Same-day funding: same day funding, with Instant approval once identity verification is complete, so cash can move the same day.
  • Free early repayment, so clearing a crypto-backed loan ahead of the agreed schedule adds nothing to the bill.
  • Support runs on email, chat and phone, including phone and chat, so questions about collateral can be answered quickly.

Cons

  • An origination fee of 1% of the loan amount, 0.5% if paid with CLT is added to the interest, though paying in the platform token lowers that charge.
  • Terms run 1 to 36, shorter than the secured-loan median of 60, so a larger balance has to be repaid sooner.
  • Lending is secured only, so the crypto stays pledged for the life of the loan rather than staying available to the borrower.
CoinLoan

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Scored 9.0 / 10 by BorrowCue.

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Who it suits

  • Adults with full legal capacity in their domicile who hold crypto and can leave it pledged as collateral.
  • Borrowers whose credit file would count against them elsewhere, since the credit check listed here is none.
  • People who need funds quickly, as CoinLoan offers same day funding and states a funding time of Instant approval.

Who should look elsewhere

  • Borrowers who want no upfront charge: Creduma ES takes no advance commission, where CoinLoan adds an origination fee of 1% of the loan amount, 0.5% if paid with CLT.
  • Anyone without crypto to pledge: CoinLoan offers secured loans backed by digital assets, while Sofkredit quotes an APR of 10.74% to 18.06%.
  • Residents of a Restricted Jurisdiction, who sit outside the stated eligibility terms, and anyone without full legal capacity in their domicile.

How CoinLoan compares

Where CoinLoan is available

Available
United States
Licence in United States
FinCEN, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does CoinLoan charge?+

CoinLoan states an APR of 5.5% on its crypto-backed loans, quoted as a flat rate rather than a promotional opening rate. It sits below the median APR of 11.52% recorded for secured loans on the site.

What fees apply on top of the interest?+

CoinLoan charges an origination fee of 1% of the loan amount, 0.5% if paid with CLT, so the percentage sits within 0.5% to 1% of the amount borrowed. Paying in the platform token brings that percentage down, and early repayment adds nothing on top.

Do I need a credit check?+

The credit check here is none, so approval does not rest on a credit file. What counts instead is the crypto offered as collateral, plus identity verification, which moves the risk onto the value of those coins.

How much can I borrow, and for how long?+

CoinLoan offers secured loans, where the crypto you hold is the collateral behind the advance. Terms run 1 to 36, shorter than the secured-loan median of 60, and a larger loan means pledging more coins.

How quickly is the money sent?+

Funding is a same-day feature here, and the stated funding time is Instant approval. That suits anyone who needs cash quickly rather than waiting through a longer application, though identity verification has to be complete before release.

Can I repay early without a charge?+

Early repayment is free, so clearing a crypto-backed loan ahead of schedule adds nothing to the bill and stops the interest for the remaining period. The collateral stays pledged until the balance is settled, and terms run 1 to 36.

Is CoinLoan regulated?+

CoinLoan is a direct lender, listed with lender kind direct lender, and recorded under FinCEN in the United States. That registration is with a regulator rather than a deposit protection scheme, so the terms on collateral and liquidation deserve a close read.

Who can borrow from CoinLoan?+

Applicants must be adults with full legal capacity in their domicile, complete identity verification, and not live in a Restricted Jurisdiction. Approval then turns on the crypto offered rather than a credit file, since the credit check is none.

Sources

  • coinloan.io checked September 26, 2026

    Backs: Credit check, Founded, Support channels

    “Get a Loan: No paperwork or credit history checks”

  • coinloan.io/crypto-backed-loans checked September 26, 2026

    Backs: APR, Features, Free early repayment, Funding time, Loan types, Arrangement fee, Origination fee (%), Term

    “Get Crypto-Backed Loans: 5.5% APR”

  • coinloan.io/licenses checked September 26, 2026

    Backs: Licences

  • coinloan.io/terms-and-conditions checked September 26, 2026

    Backs: Eligibility, Lender type

    “You must be at least 18 years old”

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Loan amount, Representative example.

CoinLoan

CoinLoan

Adults with crypto to pledge who want a secured loan, a low rate and no credit check.

9.0/10See alternatives

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