We anticipate launching early 2024
Borrow against your crypto without selling.
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Figure has originated $8B+ in funded loans, including crypto-backed loans, and has never lost coin assets or paused crypto withdrawals.
No hard credit check
No credit, no problem. Credit score does not impact eligibility.navigates to top disclosure*
Competitive rates and flexible terms
Competitive rate and ability to make monthly interest only payments or pay in kind, allowing for lower monthly payments and more flexibility.
Choice around collateral treatment
You decide whether to keep your crypto in custody or, for a lower rate, allow Figure to reuse your crypto.
See if a crypto loan is right for you
Starting from $5,000
APRs from 13%
12 month term, with renewal option at maturity
Initial LTV of up to 50%
No prepayment penalty
BTC or ETH
Frequently asked questions
The Crypto-Backed Loan allows you to put up crypto as collateral to access cash, while continuing to HODL. You can borrow up to 50% of the value of your crypto at a competitive rate and choose to make monthly interest-only payments over your 12-month term, or have interest accrue to the balance of the loan. Either way, the remaining balance of the loan is due in full at maturity if you don’t choose to renew your loan for a 1% origination fee. Once your loan is paid in full, any remaining collateral will be returned to you.
There are no limitations onto what your crypto loans can be used for. Many customers use their liquidity for large purchases like a house, car, or vacation, while others may invest in mining equipment or additional cryptoassets. Figure does not provide financial advice and we recommend you contact your financial advisor about how the proceeds can be best used.
Crypto loans will be available everywhere both domestically and internationally, with the exception of the following jurisdictions: Crimea (Ukraine), Donetsk (Ukraine), Luhansk (Ukraine), Afghanistan, Albania, Belarus, Central African Republic, Congo (the Democratic Republic), Cuba, Ethiopia, Haiti, Iran (Islamic Republic of), Iraq, Lebanon, Libya, Mali, Myanmar (Burma), Nicaragua, Nigeria, North Korea (Democratic People's Republic of), Pakistan, Palestine (State of), Russia, Somalia, South Sudan, Sudan, Syria, Ukraine, Venezuela, Yemen, Zimbabwe.
You can borrow a minimum of $5,000 up to millions depending on the value of your cryptoassets. General minimum and maximum may vary subject to state-specific legal limitations.
BTC and ETH initially.
If the price of your collateral rallies and your LTV drops to or below 35%, collateral rebalancing will be available and you can withdraw collateral to bring your loan LTV up to 35%.
If the price of your collateral drops and your loan LTV exceeds 75%, you will receive a margin call notice and will be required to cure your loan to the agreed-upon LTV ratio within 24 hours to avoid liquidation of collateral. You can cure your loan by adding collateral or making a payment on your loan. If the LTV of your loan hits 90%, your collateral will be liquidated in full to pay off your loan, with any excess fiat returning to you.