Head-to-Head
Every metric that matters, side by side.
Select two lenders. We compare safety, APR, custody, fees, and 8 more factors — so you choose with data, not marketing.
VS
Unchained
Est. 2013
9.1
VS
7.4
Ledn
Est. 2018
UnchainedLedn
9.1
7.4
Higher safety score (9.12 vs 7.41)
9.1
Safety Score
Higher safety score (9.12 vs 7.41)
7.4
Safety Score
Higher safety score (9.12 vs 7.41)
9.1
Higher safety score (9.12 vs 7.41)
7.4
Lower minimum APR (9.99–11.49% vs 14.18%)
14.18%
APR Range
Lower minimum APR (9.99–11.49% vs 14.18%)
9.99–11.49%
APR Range
Lower minimum APR (9.99–11.49% vs 14.18%)
14.18%
Lower minimum APR (9.99–11.49% vs 14.18%)
9.99–11.49%
—
Both have the same max LTV
50%
Max LTV
—
Both have the same max LTV
50%
Max LTV
—
UnchainedBoth have the same max LTV
50%
—
LednBoth have the same max LTV
50%
—
Compare loan amounts based on your needs
Min $150,000
Max Unlimited
Max Unlimited
Loan Amount Range
—
Compare loan amounts based on your needs
Min $500
Max Unlimited
Max Unlimited
Loan Amount Range
—
UnchainedCompare loan amounts based on your needs
Min $150,000
Max Unlimited
Max Unlimited
—
LednCompare loan amounts based on your needs
Min $500
Max Unlimited
Max Unlimited
Lower origination fee
2%
Origination Fee
Lower origination fee
None
Origination Fee
Lower origination fee
2%
Lower origination fee
None
Faster funding speed
3–5 days
Funding Speed
Faster funding speed
Next day
Funding Speed
Faster funding speed
3–5 days
Faster funding speed
Next day
Multi-Sig > Custodial
Multi-Sig
Custody Model
Multi-Sig > Custodial
Custodial
Custody Model
Multi-Sig > Custodial
Multi-Sig
Multi-Sig > Custodial
Custodial
No rehypothecation — collateral is never reused
No Rehypothecation
Rehypothecation Policy
No rehypothecation — collateral is never reused
Partial
Rehypothecation Policy
No rehypothecation — collateral is never reused
No Rehypothecation
No rehypothecation — collateral is never reused
Partial
—
Both publish reserve transparency
Published
via Kitchenew + Co
via Kitchenew + Co
Reserve Transparency
—
Both publish reserve transparency
Published
via The Network Firm LLP / Open Book Report
via The Network Firm LLP / Open Book Report
Reserve Transparency
—
UnchainedBoth publish reserve transparency
Published
via Kitchenew + Co
via Kitchenew + Co
—
LednBoth publish reserve transparency
Published
via The Network Firm LLP / Open Book Report
via The Network Firm LLP / Open Book Report
licensed is a stronger regulatory status
Licensed
Regulatory Status
licensed is a stronger regulatory status
Registered
Regulatory Status
licensed is a stronger regulatory status
Licensed
licensed is a stronger regulatory status
Registered
Fewer excluded states (0 vs 11)
All 50 states
US State Availability
Fewer excluded states (0 vs 11)
39 states
Excluded: 11
Excluded: 11
US State Availability
Fewer excluded states (0 vs 11)
All 50 states
Fewer excluded states (0 vs 11)
39 states
Excluded: 11
Excluded: 11
Longer track record (13 yrs vs 8 yrs)
13 yrs
Est. 2013
Est. 2013
Track Record
Longer track record (13 yrs vs 8 yrs)
8 yrs
Est. 2018
Est. 2018
Track Record
Longer track record (13 yrs vs 8 yrs)
13 yrs
Est. 2013
Est. 2013
Longer track record (13 yrs vs 8 yrs)
8 yrs
Est. 2018
Est. 2018
Bottom line
Unchained
Wins 6 of 12 categories
6
Unchained wins
3
Tied
3
Ledn wins
Score breakdown
Unchained: 6 categories3 tiesLedn: 3 categories
Rates and terms are checked on a recurring cadence but may change. Always confirm directly with the lender before applying.