Borrow More is a top-up on a loan you already have. A Line of Credit is a separate, standalone revolving facility you open once and draw against over time. Both give you access to additional funds, but they're structured differently.

What is Borrow More (Additional Advance / Loan Top-Up)?

Borrow More lets you request extra funds on a loan you already have with APX.

• Available if your collateral has increased in value and created room under your original LTV, or if you deposit additional collateral to create that room
• Minimum additional draw: $10,000 CAD or USDC
• The additional funds are added to your existing loan, at your existing interest rate, with your existing Maturity Date
• Requested directly in the app: Active Loan > three dot menu > "Request to Borrow More"
• Approved at APX's discretion for each request

What is a Line of Credit, and how is it different from Borrow More?

An LOC is a standalone revolving credit facility. Instead of requesting a top-up each time your collateral appreciates, you open one facility and draw against it whenever you need funds.

• One facility with a single five year term
• Revolving: draw funds, repay, and draw again as needed within the term
• All draws share one common maturity date, tied to when the facility was opened, rather than a separate clock for each draw
• Interest rate is set based on the total facility amount at the time it's opened
• No fixed repayment schedule during the term. You pay interest only on what you've actually drawn, not on your full approved limit
• No early repayment fee, ever. You can repay part or all of your outstanding balance at any time with no penalty
• No origination fee and no fee for unused credit, so there's no cost to opening the facility or leaving part of it undrawn
• Minimum additional draw: $10,000 CAD or USDC in Canada, $25,000 USDC in the United States

How does LOC pricing compare to a standard term loan?

Because Borrow More uses your existing loan's rate, this compares LOC pricing against APX's standard term loan rates at the same size tiers:

The LOC carries a 0.50% premium over the standard term loan rate at every tier. That premium reflects the added flexibility of a revolving facility: drawing, repaying, and redrawing without reapplying, rather than a fixed one-time borrowing structure.

Key differences at a glance

Which should I choose?

Borrow More makes sense if you already have an active loan and just need an occasional top-up without setting up anything new. This works whether your collateral has appreciated on its own or you'd rather deposit additional collateral to create the room. Keep in mind that repaying early is still subject to your existing loan's Early Repayment Fee.

A Line of Credit makes sense if you want ongoing, repeatable access to funds over several years, set up once rather than requested each time, and prefer the flexibility of no fixed repayment schedule and no early repayment fee. That flexibility comes at a slightly higher rate than a comparable term loan.

If you're not sure which option fits your situation, reach out to our team at support@apxlending.com and we're happy to walk through the details with you.