# Can I consolidate loans?

Category: Borrow
Source: https://strike.me/support/can-i-consolidate-loans/

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Consolidating multiple term loans into one is available to all borrowers except individuals or businesses in California and Vermont, and individuals in Illinois, Ohio, Mississippi, Pennsylvania, Tennessee, and Virginia.

**You can consolidate standard and volatility-proof loans.**  If the consolidated loan is standard, it must have a maximum loan-to-value (LTV) ratio of 60%. If you consolidate into a volatility-proof loan, the maximum initial LTV will be the same as the maximum for a opening a new [volatility-proof loan](/support/how-do-margin-calls-and-liquidations-happen).


You can only consolidate monthly payment loans into a monthly payment loan, and payment-at-maturity loans into a payment-at-maturity loan. You can’t consolidate a loan with a line of credit.

Consolidating loans may unlock:

- **Lower interest rates:** Strike offers [tiered Annual Percentage Rates (APRs)](/support/what-are-the-interest-rates-for-borrowing-against-bitcoin) based on loan size. Combining smaller loans into one larger loan may qualify it for a higher tier and a lower rate.
- **Improved loan-to-value ratio:** Combining your collateral can resolve [margin calls](/support/how-do-margin-calls-and-liquidations-happen) or allow you to [retrieve excess collateral](/support/can-i-retrieve-collateral-from-an-open-loan-or-line-of-credit).
- **Simplified management:** One loan means one loan-to-value (LTV) ratio to track, one payment schedule, and one maturity date.

In the mobile or web app, click <LendingIcon /> “Borrow” to open any loan you intend to consolidate, then go to the “Manage your loan” section. After you sign the new term, the consolidated loan will open with the new maturity date.

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