Term Finance Limited review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.

Our verdict

Term Finance is a marketplace for secured, fixed rate loans settled at auction, with no credit check and a servicing fee taken from the proceeds. It suits sophisticated borrowers who can hold a wallet and follow a bidding round, and expects a term of up to 12 at most.

Key facts

Best for
Crypto holders who want a secured loan with no credit check and a price set at auction.
Term
up to 12 months (Source, checked September 26, 2026)
Arrangement fee
Loan servicing fee of 0.30%-0.50% per annum, deducted up front from loan proceeds (plus Ethereum gas) (Source, checked September 26, 2026)
Credit check
None (Source, checked September 26, 2026)
Funding time
At auction settlement (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Marketplace (Source, checked September 26, 2026)
Free early repayment
No (Source, checked September 26, 2026)
Eligibility
18 years or older, able to form a binding contract, financially and technically sophisticated; not a sanctioned person and not resident of a comprehensively sanctioned jurisdiction; wallet access only, no account onboarding (Source, checked September 26, 2026)
Origination fee (%)
0.3% to 0.5% (Source, checked September 26, 2026)
Loan types
Secured (Source, checked September 26, 2026)
Legal entity
Terminal 0 Ltd. (Source, checked September 26, 2026)
Headquarters
Virgin Islands, British (Source, checked September 26, 2026)
Support channels
Help-centre, Community (Source, checked September 26, 2026)
Pricing model
Fixed rate
Official website
term.finance

Apps and profiles

Elsewhere
LinkedInXgithub.com

Pros and cons

Pros

  • The credit check is none, so no credit file is pulled.
  • Pricing is fixed rate and fixed rate, agreed at auction, so a repayment figure holds for the whole term.
  • Funds are released At auction settlement, so money moves when the auction closes.
  • The only disclosed charge is a servicing fee of 0.3% to 0.5% a year, taken up front from the proceeds.

Cons

  • Free early repayment is no, and the fee of 0.3% to 0.5% a year is taken before you receive anything.
  • Support runs on help centre and community only, with no phone desk between a borrower and a live auction.
  • Lending is secured only and the term stops at up to 12, so it cannot cover a long repayment.
Term Finance Limited

Ready to try Term Finance Limited?

Scored 8.4 / 10 by BorrowCue.

See alternatives

Who it suits

  • Borrowers who already hold crypto and are comfortable with a wallet instead of a bank account.
  • Sophisticated readers who can form a binding contract and follow protocol documentation.
  • Anyone who wants a fixed rate loan priced by bidding lenders rather than a rate card.

Who should look elsewhere

  • Creduma ES, because it charges no upfront arrangement fee, where a fee here is deducted from the proceeds.
  • Sofkredit, whose term of 6 to 240 suits a longer repayment than up to 12 here.
  • Solcredito MX, with a term of 3 to 48 and room to spread the cost over a longer period.

The company behind it

The terms of use name Terminal 0 Ltd. as the entity behind the lending, and the service is based in Virgin Islands, British. Support runs on help centre and community, so help arrives in written form through self service articles and a community rather than through an adviser on the phone. Readers weighing a wallet based loan should expect to deal with documentation instead of a named contact.

How Term Finance Limited compares

Where Term Finance Limited is available

Available
Everywhere except Belarus, Democratic Republic of the Congo, Côte d'Ivoire, China, Cuba, Eritrea, Equatorial Guinea, Iraq, Iran, North Korea, Liberia, Libya, Mali, Myanmar, Nicaragua, Russia, Sudan, Somalia, Syria, Yemen, Zimbabwe

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does borrowing from Term Finance cost?+

The charge on the secured loan is a servicing fee of 0.3% to 0.5% a year, taken up front from the money released rather than added to a balance. Ethereum gas sits on top, and the rate is fixed, so the figure you owe does not drift with the market.

Does Term Finance run a credit check?+

The credit check is none, so no credit file is pulled and no bureau search follows an application. That cuts both ways: a thin credit history is no obstacle, and it is no help either, since nothing on the file is weighed in the bidding.

How long is the term, and when does the money arrive?+

Terms cap at up to 12, and funds are released At auction settlement, so the money lands when the auction closes rather than after a bank transfer queue. That suits a borrower with a use for the sum in hand, and does not suit one planning a long repayment.

Is there a regulator or a protection scheme behind the loan?+

No regulator is named for Term Finance and no protection scheme is described, so there is no stated cover if a bidder on the auction side does not repay. Because it works as a marketplace, the counterparty is a bidding lender, and a wallet is the only access needed.

Can a borrower repay early without a charge?+

Free early repayment: no. The servicing fee of 0.3% to 0.5% a year is already deducted from the proceeds, and the fixed rate runs to the end of the up to 12 term, so a borrower who expects to change plans gets no relief on exit.

Who can borrow through Term Finance?+

The bar is a minimum age, the ability to form a binding contract, and financial and technical sophistication, and the terms exclude sanctioned people and residents of comprehensively sanctioned jurisdictions. With secured lending and wallet access only, this is aimed at crypto holders, not general borrowers.

How does support work for a borrower?+

Support runs on help centre and community, so answers come as self service articles or through a community thread. There is no phone or email desk in that list, which is a thin offer for a borrower whose auction settles badly and needs a person.

Sources

  • docs.term.finance/introduction-to-term-finance checked September 26, 2026

    Backs: Funding time, Loan types

    “At the conclusion of an auction, borrowers receive loan proceeds and lenders receive ERC-20 tokens”

  • docs.term.finance/legal/terms-of-use checked September 26, 2026

    Backs: Credit check, Eligibility, Headquarters, Legal entity

    “Neither Company nor the Protocol makes any representations whatsoever regarding the creditworthiness of Protocol Borrowers or the sufficiency of their pledged collateral”

  • docs.term.finance/llms.txt checked September 26, 2026

    Backs: Free early repayment, Support channels

    “Borrowers may not repurchase ahead of the repurchase date, but may collapse their position by obtaining and burning corresponding Term Repo Tokens”

  • docs.term.finance/protocol/fees-and-penalties/servicing-fee checked September 26, 2026

    Backs: Arrangement fee, Origination fee (%)

    “Borrowers are charged a loan servicing fee, typically ranging from 0.30%-0.50% per annum applied to the purchase price received in auction”

  • term.finance checked September 26, 2026

    Backs: Lender type, Pricing model, Term

    “We bring borrowers and lenders together in a fair and transparent auction process to determine a single market clearing rate that all participants will pay or receive”

  • term.finance/how-it-works checked September 26, 2026

    Backs: Rate type

    “Term is a decentralised non-custodial lending protocol where users can borrow or lend on a fixed rate basis by participating in weekly (Term) auctions”

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: APR, Loan amount, Representative example.

Term Finance Limited

Term Finance Limited

Crypto holders who want a secured loan with no credit check and a price set at auction.

8.4/10See alternatives

Your cookie choices

We use necessary cookies to make this site work. With your permission, analytics cookies help us understand usage and marketing cookies support advertising.

You can reject non-essential cookies and still use the site. Change your choices anytime in Cookie settings.

Cookie policy
Cookie settings