How to get a loan without a collateral account?


How to get a loan without a collateral account?

Is it possible to get a secured loan without a collateral account? Yes, it is! CoinDepo | Smart Profit provides an opportunity to borrow stablecoins and cryptocurrencies without having a collateral account. 

How does it work?

With the CoinDepo crypto lending platform, you can get up to 50% LTV (Loan-to-Value). Moreover, CoinDepo’s developers implemented a function of the Instant Credit Line. This means that the borrower can get an instant loan within the limits of the CoinDepo Credit Line whenever needed and repay the loan in full or in part at any time. 

What currencies are available?

A borrower can get a loan in 8 currencies (3 stablecoins and 5 cryptocurrencies): Tether USD, USD Coin, Dai, Bitcoin, Ethereum, XRP, Litecoin, and Bitcoin Cash.

What are the rates?

The interest rates depend on the amount you want to borrow. Please, check the table below to see the CoinDepo borrow interest rates.

Loan-to-Value*20% LTV35% LTV50% LTV
Annual Rate (APR)25%27.5%30%
Effective Annual Rate (EAR)** from -38.74% to -95%from -8.92% to -41.07%from 4.51% to -18%


* - at CoinDepo, the Loan-to-Value (LTV) is the ratio of the loan to the value of the borrower's portfolio in the CoinDepo Interest Accounts, which is the collateral for the loan.

** - at CoinDepo, the Effective Annual Rate (EAR) is the interest rate actually paid by the borrower on the secured loan. In this case, this is the difference between the amount of interest paid on the loan and the amount of compound interest accrued for the year on the amount of collateral held in the CoinDepo Interest Accounts.

The EAR for the same LTV may vary depending on the type of collateral assets and the type of CoinDepo Interest Accounts in which they are held during the loan period.

What are the fees?

CoinDepo does not take origination, withdrawal, or any kind of fees.

What documents do I need to get a loan?

We do not require credit checks, proof of income, or any other documents. The only thing the borrower has to do is deposit the funds in the CoinDepo Interest Account.

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