Block Earner unveiled its Bitcoin-backed home loan, enabling Australians to secure property loans up to 50% of a home’s value using Bitcoin as collateral. This innovative financing method allows borrowers to retain their crypto assets while financing their home purchases.
The Bitcoin collateral is securely held by Fireblocks. Borrowers can choose to repay their loans in cash or cryptocurrency, with a flexible repayment term of up to four years, including a penalty-free early exit option.
To mitigate risks from Bitcoin’s price fluctuations, the loan-to-value ratio is capped at 60%. Block Earner aims to provide a strategy that keeps borrowers’ Bitcoin secure while still enabling participation in real estate markets.
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