When you open a bitcoin-backed loan, you must repay the loaned amount plus interest. The interest is the cost of your loan and is calculated from the Annual Percentage Rate (APR) of the principal amount you are borrowing. Bitcoin-backed loans with Strike have no origination fee, early closure fee, or early repayment fee, but liquidation fees may apply.

The APR for your loan depends on two main factors:

1. Loan type: "Payment at Maturity" loans typically have a higher APR compared to "Monthly Payment" loans, because the monthly interest payments are deferred and compound over the duration of the loan.
2. Loan size: The larger the loan, the lower the rate.

Loan amount	Interest-Only Monthly Payment	Payment at Maturity
< $250,000	12% (12.68% APR)	13% APR
$250,000 – $750,000	11% (11.57% APR)	12% APR
$750,000 – $2,000,000	10% (10.47% APR)	11% APR
$2,000,000 – $5,000,000	9.75% (10.19% APR)	10.75% APR
$5,000,000 – $10,000,000	9.5% (9.92% APR)	10.5% APR
≥ $10,000,000	9.11% (9.5% APR)	10.5% APR

Minimum loan amounts vary by state for individuals and businesses. Loans opened on a loan amount threshold will get the lower APR.

To access the largest sized loans (greater than $5,000,000), please contact private@strike.me to arrange a custom loan.