Lantern Finance Lowers Its XRP Loan Interest Rate to 11%

Lantern just lowered its XRP-backed loan interest rate from 13% to 11%.

This brings the total APR down from 15% to 13% (including the 2% upfront origination fee). The new rate is live for all new applications starting Thursday, May 14.

What changed

The interest rate on XRP-backed loans drops by 2 percentage points.

Everything else stays the same:

• Interest rate drops from 13% → 11%

• Origination fee stays at 2%

• Total APR falls from 15% → 13%

• Max LTV remains at 40%

• Loan term unchanged at 1 year

• Payment type stays interest-only

On a $20,000 loan, the new rate saves you $400 per year in interest payments.

On a $50,000 loan, that's $1,000 per year back in your pocket.

Do existing borrowers qualify?

New rates apply to new loans only.

If you already have an XRP-backed loan at the old rate, you have two paths to access the lower rate:

Option 1: Take out a new loan

Close your current loan and open a fresh one at the new 11% rate.

Option 2: Refinance your existing loan

Pay the 2% refinancing fee (same as the origination fee) and lock in the lower rate on your current balance.

Is refinancing worth it?

It depends on your loan size and how much time is left.

Here's a simple way to think about it: the 2% refinance fee is a one-time cost. The 2% annual savings on your rate is ongoing. So the longer you have left on your loan, the more sense refinancing makes.

Not sure where you stand? Reach out to our team at [email protected] and we'll calculate it for you.

How Lantern's XRP loans work

For those new to crypto-backed lending, here's the quick version:

• Borrow up to 40% of your XRP's value (loan-to-value ratio)

• Interest-only monthly payments: no principal required during the loan term (At 11% annual interest, a $20,000 XRP-backed loan costs you just $183.33/month in interest)

• Your XRP stays in custody with BitGo, a regulated, SOC 2-certified custodian

• No credit checks, no income verification

• No liquidation fees. We don't profit if your collateral is ever liquidated

• 72-hour grace period. If your LTV rises, you get time to respond

We keep your crypto safe. You keep your position.

How to get started

If you're ready to borrow at the new rate:

1. Apply online at lantern.finance/borrow/xrp

2. Submit your XRP details

3. Receive same-day funding once approved

If you're an existing borrower considering a refinance, contact us directly at [email protected] or text (415) 365-0100.

This article is for educational purposes only and does not constitute financial advice. Always consult with your financial advisor before making lending or investment decisions.