What fees are charged on Lava Loans?

Users who take out Lava Loans pay a one-time origination fee of 2% to initiate the loan.

If you'd like to extend your loan after its term, you will pay a one-time extension fee of 2%.

In addition, users must pay interest on their loans, and loans greater than one month in duration require monthly interest payments. This allows users to avoid runaway interest costs.

Interest rates and loan durations are fixed on Lava, so users are presented with all of the terms of their loan prior to initiation. Required payments and payment schedules can be found within the app.

Interest rates on Lava Loans vary depending on the duration of the loan, but Lava offers the lowest interest rates in the market for self-custodial loans. For more information on interest rates, see here.