CoinLoan Interest Account
Interest is accrued daily at 14:00 UTC. Compound interest will be credited to your account on the first day of the month at 15:00 UTC.
Please note that all the operations at the Interest Account are executed daily at 14:00 UTC. It means that your request for withdrawal will remain in a pending status until processed in due time.
Business model:
The CoinLoan platform provides two options for paying borrowing fees:
- Loan Currency;
- CoinLoan Tokens (CLT) – 50% discount.
Loan Currency
Borrowing fees are calculated as 1% of the overall loan principal amount.
CoinLoan Tokens (CLT)
Paying in CLT, you get a 50% discount.
- Deposit Fees
Deposits in digital currencies are free.
Deposits in fiat currencies are free.
- Withdrawal Fees
We take over withdrawal fees, except tokens based on the Ethereum blockchain. Every user is entitled to one free withdrawal of ETH or one type of ERC-20 token,
- Liquidation Fees
The liquidation fee is equal to 7% of the liquidated loan collateral.
Reporting:
Financial Reports (Client Statement)
Financial Reports is a feature used to generate lists of transactions right in our web or mobile app. How to find the feature in the web platform: CoinLoan Web Platform - My Account How to find the feature in the mobile app: CoinLoan Mobile Application - Settings After that, you'll see a page where you can set the parameters of your report: choose the desired type, format, and period.
https://help.coinloan.io/en/articles/5806842-financial-reports-client-statement
