Bitcoin is popular not only as a digital currency, but also as a store of value. That’s why Bitcoin is not only a form of currency, but also an asset that can be used just like other assets to get a loan. A Bitcoin loan is a traditional loan that’s just like the one offered by banks. Users can borrow money by keeping their Bitcoins as collateral, which has to be paid back with interest over the predetermined time period. The borrower can choose to pay back the loan in monthly equated installments or at once depending on the terms of the agreement.