NewsHK
Against the backdrop of the centralized-lender failures of 2022, the crypto-backed loan market has been repricing risk and, slowly, rebuilding. Figure Lending LLC (NMLS 1717824), a licensed U.S.
lender headquartered in Charlotte, North Carolina, is now offering fixed-rate loans against Bitcoin, Ethereum, and Solana collateral at loan-to-value ratios of up to 75%, with rates starting at 8.91% and a maximum APR of 12.62%.
The product's terms The structure is a 12-month, interest-only loan with a 1% origination fee. Figure advances up to 75% of the collateral's value, same-day, with approval based on collateral rather than credit score.
At 50% LTV the rate is 8.91% (9.999% APR); at up to 75% LTV it rises to 11.50% (12.62% APR). Using the company's representative example, a $10,000 loan at 50% LTV carries 12 monthly payments of $74.25.
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