Rate Reality Check

Advertised minimum rates often require specific conditions: DeFi rates are variable and can change by the hour, Nexo's 2.9% requires holding NEXO tokens for Platinum tier, and low rates at YouHodler only apply at low LTV. Always calculate your actual rate using our calculator.

Platforms Ranked by Interest Rate

Provider Type Interest Rate Max LTV KYC Speed Rating
Compound DEFI 2% – 12% 83% None instant (1 transaction) 7.8 Review
MakerDAO (Sky) DEFI 4% – 8% 77% None instant (1 transaction) 8.0 Review
Unchained Capital CEFI 14% – 16% 40% Required 3-5 business days 7.5 Review

All Providers by Rate

How to Get the Lowest Rate

Use Lower LTV

Borrowing less relative to your collateral almost always gets a better rate. At 25% LTV you'll pay significantly less than at 70% LTV — even on the same platform. The reduced risk to the lender translates directly to savings for you.

Hold Platform Tokens

Nexo offers rates as low as 2.9% for Platinum loyalty members who hold NEXO tokens. This can be a good deal if you're borrowing a large amount, but factor in the cost and risk of holding the platform token.

Time DeFi Borrowing

DeFi rates fluctuate based on supply and demand. During low-demand periods, Aave and Compound rates can drop to 2–4%. Monitor rates and borrow when utilization is low — but remember rates can spike later.

Compare Total Cost, Not Just Rate

A platform with a 10% rate and no fees can be cheaper than one with a 7% rate plus origination fees, withdrawal fees, and early repayment penalties. Use our calculator to compare the actual total cost across platforms.

Frequently Asked Questions

What is the cheapest crypto loan?

As of 2026, the lowest advertised rates are: Aave (from ~2% variable APR), Nexo (from 2.9% with Platinum loyalty tier), and YouHodler (from 3% at low LTV). However, advertised minimums often require specific conditions — DeFi rates fluctuate, and CeFi rates may need loyalty tokens or low LTV.

Are DeFi loans cheaper than CeFi?

Often yes, but it depends. DeFi variable rates on Aave and Compound can be 2–5% during low-demand periods, which beats most CeFi platforms. But DeFi rates spike during high demand and you also pay blockchain gas fees. CeFi rates are more predictable. For large loans held long-term, the total cost difference may be small.

How do I get the lowest rate on a crypto loan?

Use a lower LTV, hold platform tokens for loyalty discounts, borrow stablecoins instead of fiat, use DeFi during low-demand periods, and compare multiple platforms using our calculator. The actual rate you pay can be very different from the advertised minimum.

Compare Your Actual Cost

Enter your loan amount and see the estimated total interest across every platform.