At APX Lending, you are able to get personal and business loans starting from as little as $10,000 USDC and up to $10,000,000 USDC. At the current time we only offer loans in USDC (https://www.circle.com/en/usdc).

We do not require a credit check or access to your credit history in order to approve your loan. Your credit history does not matter to us!

As a regulated entity, we check our loan applicants against local and international sanctions and politically exposed peoples lists. Our Team will help you determine if you are qualified.

As a FINTRAC registered financial institution in Canada, we require you to submit certain information about yourself, including a picture of your government-issued photo ID, during the sign-up process.  We hold all information in strict adherence to the Personal Information Protection and Electronic Documents Act (PIPEDA) requirements.

Our goal is to approve over 90% of our loan applications within 3 hours. This may mean that your particular application can take longer or shorter than 3 hours. Once your loan is approved our team will be in touch to process the disbursement of the loan itself right away.

For a full list of the countries we offer our services in please click here.

Your collateral is stored in a segregated, cold-storage wallet with BitGo, a US-based market leader in regulated custody, and is insured for up to 250M USD. Your collateral is always visible to you on the blockchain for the duration of your loan (except for instances where collateral liquidation is required) on your dashboard.

APX Lending works with world-class cyber security contractors to keep our systems and your information safe. Our team has extensive experience managing cyber security and blockchain risks. We store your Bitcoin collateral with BitGo, the world leader in qualified custody. Your Bitcoin collateral with BitGo is covered by 250M USD of insurance. We move your Bitcoin collateral to BitGo using Fireblocks, the world's No. 1 MPC solution provider. Your Bitcoin collateral is covered by 50M USD of insurance when under Fireblocks MPC control. We undergo periodic penetration testing by military-grade pen testing facilities and are currently preparing to undergo SOC 2 Type II certification. SOC 2 Type II certification demonstrates an organization's commitment to data security and provides assurance to customers that the organization has implemented strong controls to protect their data and ensure the reliability and integrity of its services.

At the current time we only offer loans in USDC (https://www.circle.com/en/usdc). We encourage you use your local off-ramp to convert the loan to your local currency if you'd like to do so. Please remember that you will need to return the loan to us in USDC regardless of the volatility of USDC versus your local currency.

We do not charge any loan origination fees or early termination fees. Simple interest is accrued on your loan daily and charged monthly. We strive to offer competitive and straightforward pricing for our loans e.g. a 50% LTV loan is charged 12.99% simple annual interest.

There are absolutely no fees or penalties for early repayment of your loan!

The volatility of Bitcoin does not impact your loan except if the ratio of your loan to your collateral (LTV) rises above certain thresholds. If the value of your loan divided by the value of your collateral in USD, your loan LTV, increases to over 80% we will notify you asking you to pay back some of your loan or send more Bitcoin collateral, such that, the LTV of your loan decreases to <80%. If you do not take any actions and the value of your collateral continued to fall, increasing your LTV to over 90%, we will sell a portion of your Bitcoin collateral such that the remaining loan to collateral ration decreases to 80%.

For example, if you take a 10,000 USDC loan at a 50% LTV, you will need to send us 20,000 USD worth of BTC (10,000/20,000 = 50%). If the value of your BTC collateral falls to 11,111 USD your LTV would have increased to 90% (10,000/11,111) = 90%). If by that time you have not repaid any of your loan nor sent us more collateral, we will sell 5,560 USD worth of your collateral to pay back a portion of your loan, such that the remaining loan to collateral ratio (LTV) drops to 80% (10,000-5,560)/(11,111-5560) = 80%. In our example, the remaining loan you will need to pay back would have decreased to 4,440 USDC.

Yes! You can even conveniently setup monthly payments and we will sell a portion of your collateral on a monthly basis to pay off your interest (as long as doing so won't bring your loan LTV to above 90%).

The amount of Bitcoin collateral you put up for your loan depends on the LTV (loan-to-value) you select during the loan application process. You can select LTVs from as low as 20% to as high as 60%. The higher the LTV, the more interest you will pay. For example, for a 50% LTV loan you will pay 12.99% interest and for every $1 of collateral you provide, we provide you with $0.50 of loan.

If the value of your loan divided by the value of your collateral in USD, your loan LTV, increases to over 80% we will notify you asking you to pay back some of your loan or send more Bitcoin collateral, such that, the LTV of your loan decreases to <80%. If you do not take any actions and the value of your collateral continued to fall, increasing your LTV to over 90%, we will sell a portion of your Bitcoin collateral such that the remaining loan to collateral ration decreases to 80%.

You can withdraw excess collateral as long as your LTV does not decrease to lower than your original loan LTV. For example, if you took a loan out at a 50% LTV, you can withdraw excess collateral as long as doing so keeps the remaining loan LTV to no more than 50%.

No! We do not contact your credit bureau. We do not pull any soft or hard credit checks from your credit bureau. We do not report back to your credit bureau.

No, there are no restrictions as long as you are not breaking the law! Most often our users use the loans to make additional investments, for debt consolidation, to make a large purchase (i.e. real estate) or to pay a large expense.