Strike bitcoin-backed loans let you choose between two loan types: Monthly Payment or Payment at Maturity each with its own repayment structure. Regardless of which you choose, you can make early payments at any time to reduce your principal and interest moving forward, with no early payment fees.

How Monthly Payment loans work

Monthly Payment loans let you pay the interest over 12 monthly payments and then repay the loan’s principal at the maturity date, giving you a lower overall interest cost.

• Monthly interest payments: Due on the 15th of each month, starting the month after your loan opens. These can be auto-paid from your cash balance, bitcoin balance, or linked bank account (within your account's limits).
• Final payment: Due on your 12-month maturity date, including the loan’s principal and the final (pro-rated) monthly interest amount.
• Pro-rated adjustments: Your first and final interest payments are adjusted based on the number of days in those partial months.
• Payment schedule: You can view your full schedule, including upcoming payments, in the Payments tile in your Loan Center.

How Payment at Maturity loans work

Payment at maturity loans let you make a single payment at the end of your loan, covering both interest and principal, letting you maximize the use of borrowed funds.

• One-time payment: Both the principal and all accrued interest are due on your 12-month maturity date.
• No monthly interest payments: Interest compounds over time and is paid at loan maturity.
• Higher overall cost: Because interest compounds and isn’t paid monthly, this loan type carries a higher interest cost.

Early principal payments

You can reduce your loan's outstanding principal at any time with an early payment from your cash balance. This helps you:

• Lower interest: Interest accrues daily on your remaining principal. Paying down early means less daily interest accrual moving forward.
• Reduce amount due at maturity: Your early payment is subtracted directly from your total principal.
• Improve risk profile: A lower principal improves your loan-to-value (LTV) ratio, lowering your margin call and liquidation thresholds.

General Payment Details

Feature	Details
Interest accrual	Daily at 22:00 UTC (6 PM ET)
Payment time	14:00 UTC (9 AM ET) on due date
Monthly interest payment sources	Cash balance, bitcoin balance, or linked bank account (not available for late payments)
Maturity payment sources	Cash balance or bitcoin collateral
Not supported	Debit cards, Strike Instant, split-source payments
Grace period	10 days for missed payments before partial collateral liquidation (fee applies)
Tax implications	Payments using bitcoin or triggering a liquidation is a taxable event