Verified against figure.com on 6 Sep 2026. Terms change; confirm before borrowing.
How Figure works
Figure is a large US lending fintech (also behind Figure Markets). Its crypto-backed loan lets you borrow USD against Bitcoin, Ethereum or Solana on a 12-month interest-only term, with the principal due at maturity. Collateral is moved into decentralized MPC (multi-party computation) custody rather than a single custodian, and Figure states it is never rehypothecated. The minimum loan is $5,000.
Rates & fees
Figure prices by LTV: 8.91% (9.999% APR) at 50% LTV, rising to 11.50% (12.62% APR) at the 75% maximum. You can make monthly interest-only payments or defer interest for a fee, with the balance plus any deferred interest due at maturity. Figure also charges a state-dependent origination fee (roughly 0.25–1%) capitalized into the loan at funding. If a margin call isn’t cured in time, collateral is liquidated with a 2% fee.
LTV & liquidation
Figure allows an unusually high initial LTV of up to 75%. Rather than one fixed liquidation level, it uses a margin-call-and-cure model: alerts as your LTV climbs (Figure flags above 65%), a margin call to restore your initial LTV if collateral falls, and liquidation (with a 2% fee) if you don’t cure in the required window. The high cap gives more cash but a thinner buffer — borrowing near 75% leaves little room before a call.
Custody & safety — why we rate Figure Medium relative risk
Source: Figure crypto-backed loan terms ↗
Figure holds collateral in decentralized MPC custody and states it does not rehypothecate it — strong on the counterparty-risk axis, and Figure is a large, established US fintech. We rate it Medium rather than Lower because the crypto-loan product is relatively new, the 75% maximum LTV is aggressive (thin liquidation buffer), and MPC custody still concentrates operational control with Figure. See the risk methodology.
What a $100,000 Figure loan costs
Borrowing up to the 75% maximum raises the rate to about 12.6% APR. Figures illustrative.
Pros & cons
Strengths
- High 75% maximum LTV (more borrowing power)
- Decentralized MPC custody, no rehypothecation
- Large, established US fintech
- Bitcoin, Ethereum and Solana accepted
- Interest-only with a defer-interest option
Trade-offs
- 75% max LTV means a thin liquidation buffer
- Lowest rate (8.91%) only at 50% LTV
- 2% liquidation fee if a call isn’t cured
- Newer crypto-loan product
- MPC still concentrates operational control with Figure
Who Figure is best for
Figure suits borrowers who want higher borrowing power (up to 75% LTV) and value non-custodial MPC custody with no rehypothecation. If you’d rather have a bigger safety buffer and zero fees, compare Strike or Lantern; for the strongest custody model, see Unchained.
FAQ
What is Figure's crypto loan interest rate?
8.91% (9.999% APR) at 50% LTV, rising to 11.50% (12.62% APR) at the 75% maximum. Your rate depends on your LTV.
How is my Bitcoin held at Figure?
In decentralized MPC (multi-party computation) custody, which Figure states is never rehypothecated.
What is Figure's minimum loan?
$5,000 for US residents; limits can vary by location and eligibility.
Is Figure safe?
Figure is a large, established US fintech using MPC custody with no rehypothecation. We rate it Medium relative risk because the product is newer and the 75% maximum LTV is aggressive. No loan is risk-free.
See Figure next to every other lender
Live rates, LTV, liquidation thresholds, custody, and minimums for every lender we track in one verified table.
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