Terms at a glance
| Product model | Centralized |
|---|---|
| Advertised rate | 9.999% · Published example APR |
| Rate conditions | 8.91% interest plus 1% origination fee at 50% LTV in the calculator example. |
| Collateral | BTC, ETH, SOL |
| LTV | 50% in published rate example |
| Term / structure | 1 year in published comparison |
| Funding | Cash / crypto |
| Collateral model | Segregated wallet; MPC custody described by Figure |
| Fees | 1% origination in example; protection costs extra |
Source: Figure documentation. Figures describe the reviewed product, not an offer available to every borrower. See rate-source notes for documented discrepancies.
What to weigh up
Why borrowers consider it
Multiple collateral assets, a segregated MPC wallet model and optional liquidation protection.
Tradeoffs and responsibilities
Protection costs extra. The quoted example and broader company lending volume should not be mistaken for universal pricing or a crypto-only track record.
Common questions about Figure
These answers cover borrowing costs, collateral and repayment. Eligibility and the signed agreement determine the terms of an actual loan.
What is Figure and how does borrowing work?
Figure combines crypto-backed borrowing with a broader lending business and offers a different collateral and payment experience from Ledn.
What rate does Figure charge?
The reviewed source shows 9.999% (published example apr). 8.91% interest plus 1% origination fee at 50% LTV in the calculator example.
Which collateral can I use with Figure?
The documented collateral is BTC, ETH, SOL. 50% in published rate example. Supported assets and limits must match the specific product and account offer.
Who controls collateral with Figure?
The documented model is: Segregated wallet; MPC custody described by Figure. Protection costs extra. The quoted example and broader company lending volume should not be mistaken for universal pricing or a crypto-only track record.
How long can I borrow and what can I receive?
The documented term or structure is: 1 year in published comparison. Funding is described as Cash / crypto. Confirm the repayment asset and schedule before borrowing; a crypto payout may require a separate conversion to pay a fiat expense.
What fees should I include in a Figure quote?
1% origination in example; protection costs extra. Compare net proceeds and the payoff amount on your planned repayment date. Avoid adding a charge twice if it is already included in APR.
Is Figure’s advertised interest rate the all-in APR?
No. The reviewed example distinguishes 8.91% interest from 9.999% APR. Optional protection is an additional cost, and the final offer can differ.
Can I lose collateral when borrowing through Figure?
Yes. Collateral-price declines, interest accrual or failure to meet repayment obligations can lead to collateral sales under the applicable rules. Custody, counterparty, smart-contract and operational risks depend on the product. Keep a repayment and collateral-management plan; no rate or starting LTV makes a loan risk-free.
Sources and further reading
These answers summarize the dated research used throughout this site. They do not reflect hands-on borrowing tests or a live rate feed. Read the methodology.