Crypto-Backed Loans on Independent Reserve

Independent Reserve, an Australian cryptocurrency exchange, has launched a crypto-backed lending service in partnership with Block Earner, a licensed credit provider. Customers can now apply for loans directly from their Independent Reserve account, using Bitcoin, Ethereum, or XRP as collateral.

Loans are available in two forms: a line of credit with a term of up to 12 months and no minimum monthly repayments, or a fixed-term loan lasting between three and five years with predictable installments. Both options carry no early repayment fees, and loan amounts can reach up to $5 million AUD.

Eligibility is currently limited to fully verified Australian residents holding personal accounts with Independent Reserve. Company, trust, and SMSF accounts are not supported. Loan applications are subject to credit assessment and approval by Block Earner, which holds an Australian Credit Licence (542689) from ASIC.

The application process is streamlined: customers navigate to the Loans page in their Independent Reserve portal, accept a disclaimer acknowledging that the loans are provided by Block Earner (not Independent Reserve), and consent to data sharing. Their account is then created automatically. On the Block Earner platform, they complete the credit application. If approved, they receive a security wallet address to deposit the chosen crypto assets. Once the deposit is confirmed, Block Earner disburses the AUD loan directly to the customer's bank account, typically within 24 hours.

After the loan is active, all management—including repayments, redraws, and loan-to-value ratio (LVR) monitoring—takes place on Block Earner's platform. Customers can access it anytime from the Independent Reserve Loans page.

Important Risk Notice

Crypto-backed loans carry risk due to the volatility of digital assets. A decline in the value of the collateral may require additional security, early repayment, or could result in the sale of the collateral. This announcement is for general information only and does not constitute financial advice.