Crypto Backed Loans: Cash Out While You Keep Your Bitcoin & Ethereum
Borrow cash with a Bitcoin-backed loan or Ethereum-backed loan from the #1 non-bank HELOC lender.
Figure Lending has originated $7B+ in funded loans, including crypto loans. Get same-day approval* with no credit score needed and flexible payment options.
*Terms and conditions may apply. Please review disclosures located below for more information.
No credit score needed
Payment deferral available1navigates to numbered disclaimer
No rehypothecation
Access cash without selling
Crypto: yours to HODL.
Cash: yours to use.
Whether you need to consolidate debt, fund a large purchase, or just bridge short-term finances, our crypto backed loan platform—covering both Bitcoin loans and Ethereum loans—lets you borrow against your holdings instantly.
Large purchases
Use your bitcoin or eth backed loan to purchase a car, mining equipment, or even plan a dream vacation—no need to sell your BTC or ETH.
Upgrade your home
Get the funds you need to complete home projects or renovations.
Consolidate debt
Pay off high-interest or credit card debt with a lower-interest loan.
Invest
Free up cash to re-invest or trade your existing crypto assets.
Access funds
Keep your crypto
Access funds quickly, all while keeping your crypto holdings intact. No credit score needed.
| Figure Crypto-Backed Loan | Personal Loan* | |
|---|---|---|
| Your crypto can still appreciate in value | ||
| Lower interest rates | ||
| Lower origination fees | ||
| No prepayment fees | ||
| Crypto holdings considered in underwriting | ||
| No impact on your credit score |
- * bankrate.com/loans/personal-loans/personal-loan-origination-fees
3 Easy Steps to Secure a Crypto-backed Loan
- 1
Create your account
Complete registration to easily return to your application.
- 2
Send collateral
Deposit your BTC or ETH as collateral for a bitcoin loan or ethereum loan—your LTV depends on your crypto’s value.
- 3
Get funded
Receive cash instantly, directly in your bank account.
Why Figure?
Trusted lender
Figure Lending has originated $7B+ in funded loans, including crypto-backed loans, and has never lost coin assets or paused crypto withdrawals.
No credit score needed
Your eligibility for a crypto-backed loan is based on your crypto collateral, not your traditional credit score. We will conduct a soft-credit pull to determine if you are in good standing with other lenders.
Competitive rates and flexible payment terms
Enjoy a competitive rate and choose to make monthly interest-only payments or defer interest payments until maturity.
Interest deferral may be subject to 1% deferral fee, depending on jurisdiction.1navigates to numbered disclaimer
Control over collateral
Our custody-only product allows you to retain beneficial ownership of your collateral, which is held at a qualified custodian and will not be rehypothecated.
Frequently asked questions
Figure’s crypto-backed loan allows you to put up crypto as collateral to access cash, while continuing to HODL. You can borrow up to 75% of the value of your crypto at a fixed interest rates of 12.5 - 15% (12.5-16.73% APR). Your rate will be determined by your collateral and LTV. Your collateral is held by our qualified custodian and will never be rehypothecated. You can make monthly interest-only payments over the course of your loan term, or opt to defer interest for a fee.1 Your remaining balance and any deferred interest is due in full at maturity. Once your loan is paid, any excess collateral and/or fiat will be returned to you.
Many customers use their liquidity for large purchases like a house, car, or vacation, while others may invest in mining equipment or additional crypto assets. Figure does not provide financial advice and we recommend you contact your financial advisor about how the proceeds can be best used.
Figure's Crypto-Backed Loan is available to residents of every state except Idaho, Illinois, Kentucky, Maryland, Mississippi, South Dakota, Texas, Vermont, Virginia, and the District of Columbia, and we are working to expand to these locations. It is available internationally through our partner, Figure Markets Credit LLC Opens in a new window., with the exception of certain jurisdictions.
We allow an initial loan-to-value ratio (LTV) of up to 75%. You may choose to deposit more collateral initially to lower your initial LTV, borrow at a lower interest rate, and reduce the chance of being margin called over the life of your loan.
Margin calls are notices to restore your loan’s initial LTV when the value of your crypto collateral falls and is no longer sufficient to secure your loan. Based on the severity of the LTV increase, you will need to cure your loan in the required amount of time or your crypto will be liquidated. You can restore your initial LTV by adding collateral or making a payment on your loan.
When you repay your loan, your unliquidated crypto collateral will be returned to you, along with any excess fiat remaining. This crypto will be returned to a wallet address you specify. If you pay off your loan via ACH, we will hold your crypto back 3 weeks to ensure the payment is processed. If you pay your balance using a wire transfer, you will receive your crypto collateral back within 3 days.