pledge
Milo
Milo review: BTC/ETH crypto loans at 8.75% interest (APR from 10.75%), 50% LTV, 67% margin call, BitGo/Coinbase custody. Safety score 7.0/10.
Run your numbers
What happens if BTC drops.
The single most important question on a Bitcoin loan. With Milo, liquidation is a managed process. If your loan-to-value rises toward the liquidation threshold below, Milo works through margin calls before any collateral is sold.
At Milo's 50% opening LTV, BTC would have to fall 25% before a position opened at that LTV reaches the 67% liquidation threshold.
What Milo publishes: Margin call at 67% LTV (BTC/ETH collateral down ~25% from pledge); cure by pledging more collateral or making a principal payment. Milo says collateral is liquidated only if LTV reaches the liquidation threshold disclosed in loan documents — no public threshold, grace window, or cure deadline is published, and the trigger is price-driven rather than time-based. Verify exact liquidation terms in your loan documents before borrowing.
The terms, translated.
With Milo, the “contract” is the loan agreement and the platform’s risk parameters. We've pulled the key terms from Milo's own data and translated them into plain English.
How Milo compares to its closest cousins.
The org, the founder, the governance.
Crypto loan terms verified 2026-08-27 at milo.io/crypto-loan and the Milo FAQ: 8.75% interest with APR starting at 10.75% (the 2% origination fee is excluded from the quoted rate), 2:1 collateral on BTC/ETH (50% max LTV; XRP is 2.5:1 = 40% max LTV), 12-month interest-only term with a balloon payment at maturity plus rollover/refinance options, $5,000 minimum and $1.5M maximum loan, margin call at 67% LTV, and a liquidation threshold disclosed only in loan documents. Requires a valid U.S. ID and a U.S. bank account; availability varies by state (interactive selector only, no static roster). Milo also offers 30-year crypto mortgages (7-9%, 1x property-value pledge, up to 100% LTV) and a self-custody mortgage (up to 75% LTV, no margin calls) — separate real-estate products noted here for context, intentionally not tracked as Pledge-comparable loan rows.
The 8-factor breakdown.
Custodial. Scores 8/10 (solid) on the custody axis. Non-custodial designs score highest because no third party can move collateral; custodial designs lose points proportional to operator discretion.
Policy: none. Scores 9/10 (strong). "Strict" / "no-rehypothecation" policies score highest because collateral cannot be lent out; "permitted" policies lose points for exposure to counterparty failure on the re-pledged BTC.
Scores 6/10 (moderate). Programmatic on-chain liquidation at a fixed LTV scores highest (predictable, no operator discretion); discretionary or off-chain liquidation processes lose points proportional to opacity and timing risk.
Regulatory status: licensed. Scores 8/10 (solid). US/EU-regulated lenders with explicit licensing score highest; offshore or DAO-governed entities lose points because there's less recourse if something goes wrong.
No public reserves reporting. Scores 4/10 (weak). Without auditable reserves disclosure, depositors have no independent confirmation that the assets exist and are unencumbered.
Scores 6/10 (moderate). Lenders that publish operating reports, smart-contract code, and live rate/LTV parameters score highest; those that bury terms in PDFs or change rates without notification lose points.
8+ years operating since 2018. Scores 7/10 (solid). Older operations with surviving stress events (March 2020, Nov 2022, etc.) score highest; younger or untested operations lose points proportional to how many full cycles they've operated through.
Scores 5/10 (moderate). Loan agreements with explicit liquidation order, segregated-account language, and clear borrower recourse score highest; ambiguous default terms lose points.
Same score, different shape.
Each spoke is one of the eight factors behind Milo's 7.0/10, plotted 0–10 and ordered by methodology weight. The filled shape is the lender's safety profile. Two lenders can share an overall score and still have opposite shapes — a balanced octagon is a very different risk than a spike on one axis with thin edges everywhere else. Milo is strongest on rehypothecation (9/10) and thinnest on reserves (4/10).
Questions readers actually ask about Milo.
What are Milo's crypto loan rates?
Milo's crypto-backed loan starts at an 8.75% interest rate, with APR currently 8.75% once the 2% origination fee is included. The headline rate excludes that fee, so compare the all-in APR figure against other lenders.
How much collateral does a Milo crypto loan require?
Bitcoin and Ethereum loans require a 2:1 collateral ratio — pledging $200,000 in BTC or ETH lets you borrow $100,000 (a 50% maximum LTV). XRP loans require 2.5:1 (40% maximum LTV). Loans start at $5,000 and go up to $1.5 million.
Does Milo pull your credit for a crypto loan?
No. Milo does not run a credit check for crypto loans — approval is based on your pledged collateral and KYC verification. The program currently requires a valid U.S. ID and a U.S. bank account for loan proceeds.
When does a Milo crypto loan margin call happen?
A margin call is triggered at 67% LTV — roughly a 25% drop in BTC or ETH collateral value from the original 2:1 pledge. You can cure it by pledging more collateral or making a principal payment. The liquidation threshold itself is disclosed only in loan documents and is price-driven rather than time-based.
Where is Milo crypto loan collateral held?
Pledged crypto is held with Milo's qualified custodians, BitGo or Coinbase Custody, in a dedicated sub-account in your name that is segregated from Milo's corporate accounts. Milo's product page states there is no rehypothecation of client assets.
How fast can a Milo crypto loan fund?
Milo says most applicants receive conditional approval the same day, with final approval typically within 24 hours. Once your collateral is transferred and confirmed, loan proceeds are typically wired to your U.S. bank account within 24 hours.
What happens when a Milo crypto loan matures?
Milo crypto loans are 12-month, interest-only loans — by default you make 11 monthly interest payments and a final balloon payment of principal at maturity. You can repay, refinance into a new loan, or request a rollover if you are in good standing. There is no prepayment fee.
The receipts.
Every figure on Milo traces to a primary document. These are the ones we read — open any of them.
- Milo crypto-backed loan page ↗Verified
8.75% interest rate (APR starts at 10.75%), 2:1 collateral pledge (50% LTV), 12-month interest-only term with balloon at maturity, $5,000 starting loan, margin call at 67% LTV, 2% origination fee excluded from the quoted rate, no credit check, 24-hour funding, BitGo/Coinbase qualified custodians, and no-rehypothecation language. Verified 2026-08-27.
BTC and ETH loans capped at 50% LTV (2:1 ratio) and XRP at 40% (2.5:1); $1.5M maximum loan; margin call when BTC/ETH collateral falls ~25% from pledge (≈67% LTV); liquidation threshold disclosed only in loan documents and price-driven; late fee greater of 5% of past-due or $15 after 10 days; no prepayment fee; valid U.S. ID and U.S. bank account required; founded 2018; $250M+ originated; "no margin calls issued to date" (self-reported). Verified 2026-08-27.
Milo Credit, LLC is a direct lender licensed under NMLS #1811449 (site footer also cites California Finance Lenders Law License 60DBO-128284 and "not available in all states"). Verified 2026-08-27.
- Milo crypto mortgage page ↗Partial
Context only (mortgages are a separate niche, not Pledge-comparable loan rows): crypto mortgage at 7-9% interest with a 1x property-value pledge, 30-year fixed, up to 100% LTV, from $275,000; self-custody mortgage up to 75% LTV with no margin calls. Verified 2026-08-27.