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Figure vs SALT Lending

How Figure vs SALT Lending compare on our ratings, earn platform specs, funding, pros and cons.

Figure4.1/5
VS
SALT Lending3.7/5
Feature
FigureVisit
SALT LendingVisit
Ratings
Our score4.1/53.7/5
User ratingNo reviews yetNo reviews yet
Rates4.04.0
Security4.53.5
Transparency4.53.5
Flexibility3.04.0
Support4.03.5
Specs
KYC required Yes Yes
ProductsSavings / earn, Crypto-backed loansCrypto-backed loans
Highest advertised APY9%10%
Max loan-to-value50%70%
Loan APR from10%7.49%
Supported assets3Not disclosed
Available inUnited StatesUnited States
InsuranceNot disclosedCyber insurance covering breaches, theft, and extortion
Licenses & registrationsNot disclosedNMLS 1711910
Fixed terms Yes Yes
Company
Founded20182016
Headquarters—United States
InvestorsNot disclosedNot disclosed
Strengths and weaknesses
Pros
  • Fixed 8.91% interest rate at 50% LTV for crypto loans
  • Over $30B in total loan origination volume
  • Underwriting for HELOC lines up to $750,000 approved in minutes
  • Yields up to 9% through Democratized Prime lending
  • No credit checks or income verification required to secure loans
  • Zero origination fees and zero prepayment penalties
  • Loans disburse within 24 to 48 business hours
  • Licensed US lender under NMLS ID 1711910 across 47 states
Cons
  • Mortgage and HELOC products are unavailable in New York State
  • Digital asset collateral is restricted to BTC, ETH, and SOL
  • Yield products carry counterparty exposure to borrower default and margin positions
  • Mandatory KYC identity checks for all credit products
  • Requires custodial transfer of collateral, introducing counterparty risk
  • Mandatory KYC identity verification for all accounts
  • Earn program yields capped to accredited and institutional investors
  • Minimum loan amounts can reach up to $10,000 depending on the state
Best forHolders borrowing against BTC, ETH, or SOL, US homeowners needing fast HELOC funding, Real estate investors using rental incomeUS Bitcoin holders avoiding tax sales, Borrowers seeking non-credit-based cash, Accredited investors seeking fixed yields

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