How can I upsize by Bitcoin-backed loan?
Upsize your Bitcoin loan instantly with Xapo Bank. Borrow more USD without a new application. No fees, flexible repayment, and up to 40% LTV.
What is loan upsizing?
Loan upsizing allows you to instantly borrow more US Dollars using your existing bitcoin-backed loan without applying for a new loan. You can access additional funds instantly, subject to maintaining a healthy loan-to-value ratio ie. max 40% LTV.
How do I upsize my loan?
Simply navigate to your existing loan in the Xapo Bank app, tap 'Upsize', enter your desired additional amount, and confirm. Once confirmed, your extra funds will instantly appear in your USD account.
Are there any fees for upsizing?
No, there are no fees for upsizing your loan. You'll only pay the competitive interest rate on your total loan amount.
What's the maximum I can borrow?
You can upsize your loan up to your personal pre-approved amount that is 40% of the current value of the bitcoin you held at Xapo for the last 3 months, maintaining our conservative loan-to-value approach for your security.
Can I repay the upsized amount early?
Yes, you maintain complete flexibility to repay any amount at any time with no early repayment penalties.
*Currently, residents of the United Kingdom and Australia do not have access to Bitcoin-backed loans.
Was this article Helpuful ?
