Crypto Loan Guide

How to borrow

Login Coineal (www.coineal.com), click [Crypto Loans], and follow the steps below to start borrowing:

1. Select the crypto asset you want to borrow and enter the loan amount.
2. Choose a collateral asset.
3. Choose a loan term.
4. Read and agree to the Loan Service Agreement, confirm interest amount and repayment amount, click "Borrow now" to enter the order page.
5. Click "Confirm" to borrow.

Note: Please make sure your Coineal account has completed identity verification (KYC) and enabled Google Authentication.

How to repay the loan

You can check your ongoing orders anytime on the crypto loan page, and then please follow the steps below:

1. Click "Repay".
2. Select repayment ratio or enter repayment amount.
3. Click "Confirm".

Note: Please ensure that you have enough balance in your Coineal account to repay the interest and the principal. After full repayment, the full amount of collateral will be returned to your account.

How to remove collateral after partial repayment (or set higher LTV)

If part of the loan is repaid in advance, the system will not automatically refund the corresponding collateral. Please reduce the collateral manually as follows:

1. Enter the loan order details page.
2. Click "Adjust Collateral".
3. Click "Reduce Collateral" and enter the collateral amount to be reduced.
4. After the above steps are completed, the LTV rate will be adjusted accordingly. Please ensure that the rate is below margin call LTV after adjustment.
5. Click "Confirm".

How to cover short position (or set lower LTV)

Please follow the steps bellow:

1. Enter the loan order details page.
2. Click "Adjust Collateral".
3. Click "Add Collateral" and enter the collateral amount to be increased.
4. After the above steps are completed, the LTV rate will be adjusted accordingly. Please ensure that the rate is below margin call LTV after adjustment.
5. Click "Confirm".