The term length is 360 days and the minimum loan amount is $10,000.*
Note: As of January 1, 2024, Unchained does not originate consumer loans and will only originate loans to entities (such as LLCs and corporations) with stated business/investment purposes.
Effective August 1, 2024, the new minimum principal loan amount for commercial loan applications will increase from $10,000 to $150,000. Over time we have found that our base of borrowers has shifted towards businesses and institutions, and those borrowers prefer larger loans. Focusing all of our efforts on those loans allows us to make the best use of our available resources.
For every $1 borrowed, $2.50 of bitcoin will be deposited as collateral (40% LTV).
LTV = Loan Principal ÷ USD Value of Collateral
|
Term length |
Interest Rate |
Origination Fee |
Total Annual Percentage Rate (APR) |
|
360 days |
14.00% |
2.00% |
16.21% |
Note: The origination fee is deducted from the principal amount of the loan and the remainder is disbursed to the borrower's bank account on file.
*In Oregon, the commercial minimum loan amount is $50,001. In New Jersey, the commercial minimum loan amount is $50,001. Eligibility varies by state. See state eligibility for details.