Yes. You can repay part or all of your loan's principal at any time with no fees.

For the line of credit, the principal has no due date. You repay whenever you decide, and repaid principal immediately stops accruing interest and becomes available credit to draw again. Learn more about line of credit payments.

Why repay a 12-month loan early

Making an early payment lowers your outstanding principal, which:

• Reduces your daily interest accrual going forward
• Lowers the amount due at maturity (for fixed-term loans)
• Improves your loan-to-value (LTV) ratio
• Lowers your margin call and liquidation price thresholds

How to make an early repayment

Early loan payments must come from your cash balance. Payments from bitcoin, linked bank accounts, or debit cards are not supported for early repayments.

1. Go to the Cash tab in your Strike app
2. Tap the LTV Tracker to open your Loan Center
3. Tap Manage LTV
4. Select Pay cash
5. Enter your desired amount and confirm

The following is a representative example. Say you open a Monthly Interest loan for $10,000 at 12% Annual Percentage Rate (APR), and you make an early principal payment of $2,000 halfway through the 12-month term.

• With no early payments, the total interest paid would be roughly $1,200.
• By repaying $2,000 of principal after 6 months, interest accrues on just $8,000 for the remaining half.
• At the end of the 12 months, you'd have paid roughly $1,080 in interest, saving you about $120.

Actual rates depend on loan type and amount. Your rate is fixed for the duration of your loan, though rates for new loans may change over time.

Early payments can reduce your LTV enough to unlock some of your collateral.

Repaying 100% of your principal does not close your loan or line of credit, nor does it return your collateral. You must formally close it to get your bitcoin back.