• Borrow with Binance Loan
• Binance Does not Force you do to anything
• Understand the Binance Loan Process
• Understand the Binance Loan Interest Rates
• Understand the Binance Collateral
• LTV of Loan
• Know the Borrowable and Collateral Assets

AVAX, FTM and SLP have been included as borrowable assets on the Binance Loan Platform.

Those who are looking to borrow some crypto on Binance margin and loans might want to know how to go about getting your funds at hand.  Binance loans are good for those who are looking to fulfill their short-term liquidity needs by availing crypto loans.

Those who are looking for liquidity are registered with Binance might want to check how the process works both with Binance Margin and Binance Loans.

CZ Binance recently stated: “Binance Does not Force you to do anything.”

CZ probably made this statement because it is decentralized, and therefore your own decision and you do things on your own. Binance lovers have to state that everything about Binance is un-weapon-like. And

Binance Loans have been providing different features for crypto assets considering the market conditions and the internal risk management strategies.  Thus, the interest rates, collateral assets, and maximum loanable limits are fixed periodically considering market conditions.

To borrow from Binance loan one should be a registered user of Binance.  Registered users of Binance will be able to borrow several cryptos which consists of BTC, ETH, BNB, BUSD and USDT.

Binance loans also permits BTC, ETH, BNB, and BUSD as a collateral.  Loan terms are available for time periods of 7, 14, 30, 90 and 180 days.

“Interest is calculated hourly, and less than one hour is calculated as one hour. The interest rate is determined by the time the user takes the loan.”

The interest should be repaid before the principal.  The interest should be repaid manually on the order page.  If early interest is paid there is no penalty for early repayment.  When the principal is returned the interest is charged according to the actual borrowing hours.

Borrowers should understand the LTV value of the loan. LTV value refers to loan to the value of the collateral. The price which is used to calculate the LTV value is the index price.  Important to note that different collateral coins have different initial LTVs. So, when different coins are used the value is different and the associated loan value is also different.

When the LTV value becomes high it means the collateral you have provided is not enough.  There will be a margin call and you have to add more collateral to repay the loan. In cases where the LTV is higher than the liquidation LTV Binance loan will liquidate your collateral to repay your loan.

Those who are not familiar with Binance Loans should consider checking the loans user manual, user agreement and other details about the Binance Loans Service.