Strike offers market-leading rates, fees, and terms for bitcoin-backed loans.
Loan terms:
- Loan term:Â 12-months
- Principal amount:Â Minimum $100,000 loan, maximum $2,000,000 loan
- Interest rate:Â Starting at 12% APR*
- Loan types:
- Payment at Maturity:Â Principal and interest repaid in a single payment at maturity
- Monthly Payments:Â Interest paid monthly, principal repaid at maturity
- Maximum initial LTV:Â 50%
- Interest accrual:Â Daily
- Loan closure:Â Available on demand 60 days after opening loan
- Origination fee:Â 0%
- Early repayment fee:Â 0%
- Late payment fee:Â 0% (10-day grace period for failed payments)
- Liquidation fee:Â 0.99% of the liquidated amount, applied in case of collateral liquidation due to critical LTV thresholds or failed payments
- Strike fee: Monthly and maturity payments from your bitcoin balance incur standard bitcoin trading fees, and will count towards your monthly trading volume.
Payment at Maturity loans have an effective interest rate of 13% APR due to the monthly compounding effect on the deferred interest payments.