SALT has cut the interest rates on its Bitcoin-backed loans across every loan-to-value tier and every term, and dropped its origination fee to zero. The starting APR on a 1-year loan now begins at 7.49%, down from 9.95%, and the deepest cuts, on longer terms and higher leverage, run well past four percentage points. For anyone who has watched bitcoin-backed lending stay stubbornly expensive, it is one of the more aggressive repricings the market has seen this year.
Disclosure: SALT is one of our advertising partners, and we may earn a commission if you borrow through our links. That does not change the numbers below, which come straight from SALT's published rate schedule, or what we write about them. See our full disclosures.
What changed
Two things moved at once, and both lower the real cost of borrowing.
First, the rate. SALT's published schedule now starts at 7.49% APR at 30% LTV on a 1-year loan, with 50% LTV at 8.75% and the 70% "max liquidity" tier at 10.50%. Every one of those is meaningfully below where it sat before.
Second, the origination fee. SALT moved it from 1% to 0%, so the APR it quotes is genuinely all-in, with no separate up-front charge baked into the loan. An origination fee is the kind of cost that quietly inflates the true price of a loan, so removing it entirely matters as much as the headline rate, and the two cuts compound.
The deepest cuts are on longer terms and higher leverage
Look down the table and the pattern is clear: the further out the term and the higher the LTV, the bigger the cut.
The 1-year 70% LTV tier fell from 14.45% to 10.50%, nearly four points. The new 5-year 30% LTV rate is 8.49%, down from 12.95%, a cut of more than four and a half points. That is the part worth noticing. A year ago, locking in a long, high-leverage bitcoin loan meant paying a steep premium for the privilege; SALT has compressed most of that premium out. The cost of borrowing patiently, rather than at the shortest term you can tolerate, just dropped a lot.
SALT also opened up 3- and 5-year loans
The rate cut arrived alongside a structural change: SALT now offers 3-year and 5-year Bitcoin-backed loans in addition to its 1-year option, which it bills as among the first multi-year terms in a market where most lenders still cap out at a single year. For a long-term holder, a multi-year term means fewer renewals, fewer refinance decisions, and one less thing to manage through a volatile stretch. You pay a slightly higher rate than the 1-year for that stability, but after this cut, the gap between the 1-year and the 5-year is far smaller than it used to be.
Where this leaves SALT's rates
The cut moves SALT from the middle of our rate table to the front of it. At 30% LTV, its new 7.49% starting APR is now among the lowest advertised rates in our comparison, sitting in the leading cluster, with one or two lenders matching or slightly beating it. We will not call it the single cheapest, because the honest answer depends on your exact LTV, term, and state, and a couple of other lenders are right there with it. But a borrower who looked at SALT six months ago and found it expensive should look again. You can see exactly where it lands against every other lender in our live comparison.
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The fine print the rate doesn't show
A lower rate is the headline, not the whole story, and the same discipline applies here as to any loan.
SALT still charges a 5% fee on collateral sold in a liquidation, which is on the higher end of the market and a real cost if a margin call goes uncured. Rates vary by state, loan size, and qualification, so the number you are quoted may differ from the table. And like every bitcoin-backed loan, the collateral can be margin-called if bitcoin falls far enough, which is the risk to design around regardless of how attractive the rate is. We cover the costs that hide behind the headline rate in detail in our guide to hidden bitcoin loan fees, and SALT's full terms, custody model, and regulatory history are in our SALT review.
Bottom line
This is a straightforwardly good change for borrowers: lower rates on every tier, no origination fee, and longer terms now available, all at once. It also resets the competitive floor, which tends to pull other lenders down with it over time. If you have an existing loan elsewhere or you have been waiting for the cost of borrowing against bitcoin to come down, it is worth re-running the numbers. Start with our comparison to see SALT's new rates next to every other lender, then read the SALT review for the terms behind the rate.
Rates and terms cited are from SALT's published schedule as of June 2026 and are subject to change. Confirm current rates directly with the lender before borrowing.