# What are the interest rates for borrowing against bitcoin?

Category: Borrow
Source: https://strike.me/gb/en/support/what-are-the-interest-rates-for-borrowing-against-bitcoin/

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The Annual Percentage Rate (APR) is the total cost of borrowing, expressed as a percentage of your principal. There are no origination, early repayment, late payment, or liquidation fees.

## The interest rates for term loans

The APR for a term loan depends on a few factors:



- **Interest payment plan type:** Payment at maturity loans carry higher rates than monthly payment loans, because interest payments are deferred.
- **Loan size:** Larger loans qualify for lower rates.



| Loan amount | Monthly Payment<br>(Standard) | Payment at Maturity<br>(Standard) |
| --- | --- | --- |
| < £250,000 | 10.50% APR | 11.25% APR |
| £250,000 – £750,000 | 10% APR | 10.75% APR |
| £750,000 – £2,000,000 | 9% APR | 9.50% APR |
| £2,000,000 – £5,000,000 | 8% APR | 8.75% APR |
| £5,000,000 – £10,000,000 | 7.49% APR | N/A |
| ≥ £10,000,000 | Custom | N/A |




If you plan to borrow £250,000 or more, [contact our Private team](/private) for white-glove service.

Once opened, the loan’s APR remains fixed until you [refinance](/support/can-i-refinance-my-loan), [consolidate](/support/can-i-consolidate-loans), or [close](/support/how-do-i-close-a-loan-or-line-of-credit) it.

### How interest is calculated for term loans

Interest is calculated by multiplying your outstanding principal by the Daily Periodic Rate, which is the APR divided by 365 (or 366 in a leap year). With a monthly payment loan, the principal remains constant unless you make early repayments. With a payment-at-maturity loan, interest for the entire term is pre-calculated.

Terms are presented when you open the loan. For illustrative purposes (assuming no liquidations or early repayments):




- **Monthly interest payments:** A £10,000 loan at a fixed 10.50% APR over 12 months would cost roughly £87.50/mo in interest, with the £10,000 principal due at maturity for a total of £11,050.
- **Full payment at maturity:** A £10,000 loan at a fixed 11.25% APR over 12 months would result in approximately £1,125 in total interest, with principal and interest due at the end of the term for a total of £11,125.

From Strike's help center — https://strike.me/gb/en/support/