Understanding All the Fees

The Fees, Plainly

Bitlendex keeps fees minimal and transparent. Here's everything you might pay on a loan:

• Origination fee — 2%: a one-time fee applied to every loan. It is financed — added to your loan balance rather than deducted from your payout — and it is included in your APR.
• Network fees: standard Bitcoin transaction fees when you deposit or withdraw collateral, plus a small bridge/network fee on the USDC payout.
• Conversion (bank payouts only): when you receive fiat, a small spread applies to convert USDC to USD through our banking partner.

How the Fees Are Applied

The 2% origination fee is financed: it is added to your loan balance instead of being taken out of your payout. Only the small flat network/bridge fee is deducted from the amount sent to you. For a $40,000 loan, you'd receive $40,000 minus a network fee of well under a dollar, and your starting loan balance would be $40,800: the $40,000 plus the $800 fee.

Interest then accrues on that whole starting balance at the variable interest rate, so the fee accrues interest too. At a 2.67% interest rate, a full year of interest on $40,800 is $1,089.36. Add the $800 fee: if you keep the full balance for the whole term and the rate stays the same, the loan costs $1,889.36, which is 4.72% of the $40,000 you borrowed. That figure is your APR, and it is the APR the calculator and your loan application show.

Estimate Before You Commit

Use the calculator to preview your loan, then review the full summary on the confirmation screen before anything is finalized.