Bitcoin-collateralized lending platform offering personal loans backed by BTC. No credit check required — loan approval is based on collateral value. Funds can be received same day with competitive rates starting at 13% APR.
Interest Rates
Rate8% APR
Rate notes
8% +
Origination Fee2%
Loan Details
Minimum Loan$1,000
Maximum LoanNegotiable
Max LTV50%
Example Loan Calculation
Based on a $50,000 loan at 8% APR over 12 months
$4,349
Monthly Payment
$52,193
Total Payment
$2,193
Total Interest
Illustrative estimate only. Actual rates, fees, payment schedules, and payoff amounts may vary.
Frequently Asked Questions About Lantern
Lantern: 8% APR. Actual rates depend on loan-to-value ratio, loan amount, and term length.
The minimum loan amount at Lantern is $1,000. This allows both small and large borrowers to access Bitcoin-backed lending.
Lantern has a risk score of 7.2/10 based on our analysis of custody practices, regulatory compliance, and operational history. Risk Score: 7.2/10. Strengths: no rehypothecation, conservative LTV. Key risks: limited audit transparency.
Lantern offers a maximum loan-to-value (LTV) ratio of 50%. This means you can borrow up to 50% of your Bitcoin's current value. Higher LTV means more borrowing power but also higher liquidation risk.
Lantern offers loan terms of 12 months. Principal + Interest
About this analysis
21Rates Editorial TeamBitcoin Financial Research Analysts
Our research team analyzes Bitcoin lending platforms using proprietary risk scoring, rate comparison data, and user reviews. We independently verify lender terms and maintain up-to-date information to help you make informed borrowing decisions.
Last verified: October 2026