Independent Reserve customers can now access crypto-backed loans provided by Block Earner without selling their crypto. Apply directly from your Independent Reserve account and borrow up to $5 million AUD using Bitcoin, Ethereum, or XRP as security.
Key takeaways
- Borrow AUD against your crypto without selling, using Bitcoin, Ethereum, or XRP as security, with loan amounts up to $5 million AUD.
- Choose between a line of credit (up to 12 months) or a fixed-term loan (3 to 5 years), with no early repayment fees.
- Connect directly from your Independent Reserve account. No separate registration is required.
About our lending partner
Block Earner is Australia’s leading provider of crypto-backed loans, managing the full loan lifecycle: application, credit assessment, approval, security management, repayments, and redraws. Block Earner holds an ASIC Australian Credit Licence (542689).
Loan options
There are two types of loans available:
- Line of credit: borrow for up to 12 months with no monthly minimum repayments and no lock-ins.
- Fixed-term loan: borrow for 3 to 5 years with predictable monthly repayments and no lock-ins.
Who is eligible?
The integration is currently available to Independent Reserve personal account holders who are Australian residents and have been fully verified. Company, trust, and SMSF accounts are not supported at this stage. All loans are subject to a credit assessment and approval by our lending partner.
How it works
- Connect your accounts. Navigate to the Loans page in your Independent Reserve portal and click “View loans on Block Earner.” You’ll see a disclaimer explaining that loans are provided by Block Earner, not Independent Reserve. Once you accept the terms and consent to data sharing, your account is created automatically. No separate registration is required.
- Apply for a loan. Once connected, you’re on the Block Earner platform to complete your application. Block Earner handles credit assessment and will notify you of the outcome. If approved, they’ll provide a security wallet address.
- Provide security. Withdraw crypto from your Independent Reserve account and transfer it to the wallet address Block Earner provides. Supported security assets are BTC, ETH, and XRP. Once the deposit is received, Block Earner disburses the AUD loan directly to your bank account, typically within 24 hours.
- Manage your loan. Once your loan is active, all management happens on the Block Earner platform. This includes repayments, redraws, and LVR monitoring. You can return to Block Earner at any time from the Loans page in your Independent Reserve portal.
Log in to your Independent Reserve portal and navigate to Loans to connect your account.
Disclaimer:
This announcement is general information only and is not financial, investment, credit, tax, or legal advice, nor an offer to acquire any product. Crypto-backed loans are provided by Web3 Ventures Pty Ltd trading as Block Earner (ACN 655 090 869) under Australian Credit License 542689, not by Independent Reserve, and are subject to eligibility, approval, fees, and terms and conditions. Crypto assets are highly volatile, and a fall in the value of your security may require additional security or early repayment, or result in the sale of your security, so make sure you understand the risks before borrowing.
