No credit checks
Our process only looks at your wallet assets. We don’t pull credit checks ever.
Pick your own repayment terms with interest rates as low as 0%.
Sign up is fast and easy
The process can be completed in the app in as little as ten minutes.
Abra Borrow rates
Customize Abra Borrow to suit your needs with flexible loan terms.
with 10% LTV
with 20% LTV
with 33% LTV
with 50% LTV
The no hassle personal loan
Use the funds in your trading account as collateral to get your loan. Complete the application in minutes.
Borrow TUSD, USDC and PAX stablecoins.
Loans on your terms
Enjoy flexible terms with no principal payments required throughout the life of the loan. You can pay interest only or pay the full balance without any hidden fees or penalties.
Loans in minutes
Unlike traditional banks that require paystubs, tax returns, and credit checks, Abra’s process is completed end-to-end in minutes all from the convenience of the app.
Abra’s broad appeal means that it can cater to both worlds — a convenient way to access cryptocurrency for those in developed countries, as well as a parallel financial service in those less developed areas.
Forbes May 6th, 2020
Abra is top 25 technology companies to watch for...
Here's Bitcoin's Best Use Case Right Now. The Bitcoin Price Could Get A Massive Boost From This App
Forbes March 2019
Abra is bringing innovation and simplicity to cryptocurrency investing… Abra is the first company to enable such a diverse range of cryptocurrencies in one wallet, and I'm excited to see Dash as one of the supported cryptocurrencies at launch.
Ryan Taylor CEO of the Dash core team
Abra has unified the processes and transactions onto one app, creating a seamless user experience that the crypto community has long been asking for.
Vinny Lingham co-founder and CEO of Civic and General Partner at Multicoin
Abra has developed an easy-to-use app for managing investments in crypto currencies. Their use of multi-sig technology in bitcoin and litecoin to create investment contracts is quite powerful. That they have done it in a super user-friendly way is commendable.
Dan Boneh Professor of Computer Science and head of the Applied Cryptography Group at Stanford University
I'm excited to see Abra has chosen to use the Litecoin network in the newest iteration of its app. Litecoin's unique combination of low fees, high throughput and secure immutable transactions is a great fit for its use as programmable money.
Charlie Lee Founder of Litecoin
Abra Borrow is a new lending program that lets you take out a loan using your Bitcoin or Ethereum holdings as collateral. The interest rate on the loan is calculated based on the loan-to-value ratio (the more collateral, the lower the interest rate) and on the loan term (the shorter the loan, the lower the interest rate). Abra Borrow is rolling out across select areas, with more on the way soon.
Getting started with an Abra Borrow loan only takes a few steps. If you are an existing Abra user, then you can fund the loan using your BTC or ETH balance. If you are new to Abra, just set up and fund your wallet with BTC or ETH (or buy some through the app) and then set up the loan. There are no employment checks or credit history checks when opening an Abra Borrow loan. All you need is the collateral.
Initially, Abra Borrow will use Bitcoin and Ethereum as collateral. Loans are issued in US dollar stablecoins — all loan origination processing is handled right in the app.
Interest rates are fixed for the life of the loan and are calculated based on how much crypto collateral you apply to the loan and for how long you decide
You can borrow up to $110,000 (the exact amount will vary depending on location).