> ## Documentation Index > Fetch the complete documentation index at: https://docs.roxom.com/llms.txt > Use this file to discover all available pages before exploring further. # Rates and terms > Interest rate, term, borrowing limits, currency, and fees for the BLOC (Bitcoin Line of Credit). ## TL;DR The BLOC (Bitcoin Line of Credit) costs **7.25% APR (variable)**, has **no maturity date**, and lets you borrow in **USDT** against your BTC at up to **50% LTV at origination**, subject to an account-level **credit limit of USDT 200,000** by default. Minimum borrow is **USDT 200**. Only **one active loan per user** is allowed. There is **no origination fee** and **no prepayment penalty**. ## Quick facts | Item | Value | | --------------------------------------- | ------------------------------------------------------------------------ | | Interest rate | 7.25% APR (variable) | | Daily interest rate | 0.0199% (7.25% ÷ 365) | | Interest model | Simple (no compounding) | | Interest base | Original borrowed amount (principal only) | | First accrual | 24 hours after loan creation | | Term | Open Ended (no maturity) | | LTV at origination | 1%-50% | | Minimum loan | USDT 200 | | Minimum additional borrow (Borrow More) | USDT 200 | | Default credit limit (account-level) | USDT 200,000 | | Loan currency | USDT | | Concurrent loans per user | 1 | | Origination fee | None | | Prepayment penalty | None | | Liquidation fee | 2% of the BTC effectively liquidated, deducted from liquidation proceeds | ## Interest rate * The **current rate** is **7.25% APR**. * Interest is **simple** and accrues daily on the **original borrowed amount** (principal only) at a rate of `0.0725 / 365 ≈ 0.0199%` per day. Accrued interest is not added to the calculation base, so the daily charge stays constant for the life of the loan. * The first accrual runs **exactly 24 hours after loan creation** (not at midnight UTC). This means **if you open and fully repay a loan within the same 24-hour window, no interest is charged**. For loans closed before 12 months, the actual cost is proportionally lower. ### Variable APR policy The APR is **variable** and Roxom may **adjust it at any time**. When the rate changes: * The new rate **applies to future interest accruals only**: interest that has already accrued on your active loan is not re-priced retroactively. * All accruals **from the change forward** are calculated at the new rate, including on existing active loans. * The current APR is always visible in the Loans section and in the Open Credit Line / Borrow More modals (`7.25% APR · variable`). If you want to lock in the cost at the current rate, repay the loan in full. Otherwise, future accruals will follow the published rate at the time each daily accrual runs. ## Term The loan is **Open Ended**. There is no maturity date. * Keep the loan open as long as you want, provided your LTV stays within thresholds. * Repay partially or in full at any time. * There is no prepayment penalty. For LTV thresholds and what happens if BTC drops, see [LTV, margin calls, and liquidation](/help-center/loans/ltv-margin-calls-and-liquidation). ## How much can I borrow? | Parameter | Value | | --------------------------------------- | ----------------------------------------------- | | LTV at origination | Between 1% and 50% of the USD value of your BTC | | Minimum loan | USDT 200 | | Minimum additional borrow (Borrow More) | USDT 200 | | Default credit limit | USDT 200,000 per user | The amount you can borrow is constrained by **two independent caps**: * **50% LTV at origination**: how much you can borrow against a given BTC collateral, regardless of credit limit. * **Credit limit**: an account-level cap on total outstanding USDT debt, currently **USDT 200,000** by default for whitelisted users. ### Credit limit vs. loan amount The **credit limit** is an account-level ceiling on your outstanding USDT debt across the lifetime of your credit line. It is shown in the Open Credit Line and Borrow More modals as `used / total` (for example, `1,000 / 200,000 USDT`). It is **not** a per-loan limit. If you need a higher cap, click **Increase →** next to the credit limit in either modal. This opens a **credit limit increase request** that contacts the Roxom support team. Increases are subject to available liquidity and internal review, they are not granted automatically. ## One active loan at a time Only **one BLOC (Bitcoin Line of Credit) per user** can be open at any moment. To open a new loan, the previous one must be fully repaid and closed. ## Currency Funds are initially disbursed in **USDT**. ## Fees * **Origination fee:** none. * **Prepayment penalty:** none. * **Liquidation fee:** 2% of the **BTC effectively liquidated**, deducted from the liquidation proceeds before they are applied to interest and principal. It is not charged on your total debt. See [LTV, margin calls, and liquidation](/help-center/loans/ltv-margin-calls-and-liquidation#how-the-2-liquidation-fee-is-calculated). This content is for informational purposes only and does not constitute investment advice. Trading digital assets involves significant risk, including the potential loss of your entire investment. Please review our [Risk Notice](/legal/risk-notice) before trading.