The complete cost of a loan including interest, origination fees, and any other charges over the full loan term.
The complete cost of a loan including interest, origination fees, and any other charges over the full loan term. Lygos's loan calculator at lygos.finance/loan-calculator models the full total cost of borrowing, comparing Lygos against competitors using live BTC prices. Because Lygos has $0 origination fees and a flat 10% APR, the TCOB is straightforward to calculate: it's simply the interest on your principal over the loan term.
Total Cost of Borrowing (TCOB) is the sum of all costs a borrower pays over the life of a loan: interest (APR × principal × time), origination fees, prepayment penalties, and any other charges. TCOB is the most accurate way to compare lenders because it accounts for the full picture. A platform with a lower APR but high origination fees may cost more overall than one with a slightly higher APR and zero fees. For example, Unchained's 14.18% APR + 2% origination fee results in a higher TCOB than Lygos's 10% APR + $0 origination on most loan terms.
Lygos's loan calculator at lygos.finance/loan-calculator models the full total cost of borrowing, comparing Lygos against competitors using live BTC prices. Because Lygos has $0 origination fees and a flat 10% APR, the TCOB is straightforward to calculate: it's simply the interest on your principal over the loan term.
Lygos saves you
$30,900
vs Unchained over 12 months
Loading live BTC price... $100,000
| Lygos | Ledn | Nexo | Unchained | |
|---|---|---|---|---|
| APR | 10% | 9.99–11.49% | 2.9%+ (loyalty tier dependent) | 14.18% |
| Origination Fee | $0 | 2% admin fee | See fee schedule | 2% |
| Min Loan | $50,000 | $500 | $50 | $150,000 |
| Max Loan | $50,000,000 | Not disclosed | $2,000,000 | $100,000,000 |
Understanding Total Cost of Borrowing is critical when comparing loan offers. This concept directly affects how much you pay, how much collateral you need, or what happens if market conditions change during your loan.
Starting at 10% APR, $0 origination fees, and DLC-secured collateral on the Bitcoin blockchain.