How do I qualify for a crypto loan?
To qualify, you’ll need to pledge Bitcoin or Ethereum at a minimum 2:1 ratio to the loan amount. For example, if you want to borrow $100,000, you’ll need to pledge $200,000 worth of BTC or ETH as collateral. You’ll also need to complete Milo’s onboarding and KYC process. State restrictions also apply.
At this time, Milo’s crypto loan program is only available to borrowers with a valid U.S. ID, and funds can only be deposited into a U.S. bank account. Unlike a crypto mortgage, credit history is not part of the approval process.