Type
- UNCHAINED
- Loan (commercial only, fixed term)
- SURGE
- Credit Line (non-custodial)
Compare Surge
Credit with..
$100$1,000,000
| Factor | Unchained | Surge Credit |
|---|---|---|
| Lending | ||
| Type | Loan (commercial only, fixed term) | Credit Line (non-custodial) |
| Interest Rate | From 14.18% APR | From 6.9% APR (Variable) / 9.9% (Fixed) |
| Origination fee | 0.75–2% | None |
| Duration | 6 or 12 months, fixed term | 12 months, rollover anytime |
| Terms | Interest-only monthly. Principal at maturity. | Repay any amount, anytime. No penalties. |
| Fast access to funds | Application + approval process | ~30 min |
| LTV flexibility | 50% | 50% (expanding) |
| Globally accessible | ✗ US only | ✓ |
| KYC required | Yes | No |
| Bitcoin Custody | ||
| Custodian | Collaborative custody (2-of-3 multisig) | Bitcoin (Taproot vault) |
| On-chain verifiable collateral | ✓ Borrower holds 1 key, can verify address | ✓ |
| Segregated collateral | ✓ Dedicated multisig address per loan | ✓ |
| Bitcoin-native (no wrapping) | ✓ | ✓ |
| Zero rehypothecation | ✓ Multisig structure prevents it | ✓ |
| Unilateral exit | 2-of-3 requires Unchained or key agent to co-sign | ✓ |
Lending
Interest Rate
- UNCHAINED
- From 14.18% APR
- SURGE
- From 6.9% APR (Variable) / 9.9% (Fixed)
Origination fee
- UNCHAINED
- 0.75–2%
- SURGE
- None
Duration
- UNCHAINED
- 6 or 12 months, fixed term
- SURGE
- 12 months, rollover anytime
Terms
- UNCHAINED
- Interest-only monthly. Principal at maturity.
- SURGE
- Repay any amount, anytime. No penalties.
Fast access to funds
- UNCHAINED
- Application + approval process
- SURGE
- ~30 min
LTV flexibility
- UNCHAINED
- 50%
- SURGE
- 50% (expanding)
Globally accessible
- UNCHAINED
- ✗ US only
- SURGE
- ✓
KYC required
- UNCHAINED
- Yes
- SURGE
- No
Bitcoin Custody
Custodian
- UNCHAINED
- Collaborative custody (2-of-3 multisig)
- SURGE
- Bitcoin (Taproot vault)
On-chain verifiable collateral
- UNCHAINED
- ✓ Borrower holds 1 key, can verify address
- SURGE
- ✓
Segregated collateral
- UNCHAINED
- ✓ Dedicated multisig address per loan
- SURGE
- ✓
Bitcoin-native (no wrapping)
- UNCHAINED
- ✓
- SURGE
- ✓
Zero rehypothecation
- UNCHAINED
- ✓ Multisig structure prevents it
- SURGE
- ✓
Unilateral exit
- UNCHAINED
- 2-of-3 requires Unchained or key agent to co-sign
- SURGE
- ✓
Thinking about switching?
Whether you're exploring alternatives, planning a migration, or just want to understand the differences - we're happy to talk.