What is the Binance Flexible Rate Loan Interest-Free Voucher and How to Use It?

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What is a Flexible Rate Loan Interest-Free Voucher?

A Flexible Rate Loan Interest-Free Voucher (also called a “Loan Trial Credit Voucher”) allows you to borrow specific tokens on Binance Flexible Rate Loan with 0% interest* for a limited period.

*The interest waiver is subject to the voucher’s maximum interest-free duration, eligible borrow amount, and maximum deductible loan interest.

How to Redeem a Flexible Rate Loan Interest-Free Voucher? 

1. Log in to your Binance account and go to [Profile] - [Rewards Hub]. 

2. Click [My Vouchers] to view all the available rewards.

3. Under the [Ongoing] tab, find the Loan Interest-free Voucher you want to use. The applicable maximum interest-free loan amount, eligible loan token and maximum interest-free duration can be viewed on the voucher. 

Click the [i] button on the voucher to view more details, including applicable interest cap.

• View details like the maximum interest-free loan amount, eligible loan token, and maximum interest-free duration on the voucher.
• Click the [i] icon for more info, including the applicable interest cap.

Example:

• Eligible loan token: USDC
• Maximum interest-free loan amount: 1,000 USDC (borrow up to this amount with zero interest)
• Maximum interest-free duration: 3 days (interest waived up to this period)
• Voucher expiry: 2025-12-14 17:09 (voucher becomes invalid after this date)
• Applicable interest cap: 0.75 USDC (maximum interest waived).

4. Click [Use] on the voucher to go to the Flexible Loan borrow page.

• Enter the borrow amount and select your collateral coin and amount.
• Click [Confirm] to complete the loan order.

Note:

• You can only borrow the token eligible for your respective voucher.
• Interest is waived only up to the voucher’s maximum borrow amount and duration. Any interest incurred in excess of the voucher’s maximum borrow amount and duration will be charged at the standard loan interest rate.
• Make sure the voucher is selected on the order page. You can click the voucher to review its terms again.

5. Go to [Loans] - [Ongoing Orders] to view your loan details. Loans with an interest-free voucher applied will show an [Interest-Free for x days] label.

6. To repay, click the [Repay] button on the corresponding loan order. The waived interest will be deducted from your total repayment amount.

7. After repayment, you can check your loan records in Loan Order history.

Notes:

• Vouchers must be used before their expiry date; otherwise, they will become invalid.
• Users must apply their vouchers before taking out their next USDC Flexible Rate Loan. Vouchers cannot be applied after the loan is issued.
• The voucher waives interest on the applicable Flexible Rate Loan up to the applicable borrow amount and duration, subject to the maximum Flexible Rate Loan Interest amount per voucher.
• Loan interests within the maximum Flexible Rate Loan Interest amount will be deducted from the total liability upon repayment. Any Flexible Rate Loan Interests exceeding the maximum Flexible Rate Loan Interest amount is payable by the user, and the excess will be added to the Flexible Rate Loan liability balance.
• Early repayment before the end of the Interest-free period will reduce the waived interest amount, which will be calculated only up to the repayment date.

Frequently Asked Questions

1. The voucher says I can borrow up to 1000 USDC interest-free. Can I borrow more than that?

Yes, you can borrow more than the maximum interest-free amount. However, interest will only be waived on the eligible amount covered by the voucher. For example, if you borrow 1500 USDC with a 1000 USDC interest-free voucher, interest on 1000 USDC will be waived, while interest on the remaining 500 USDC will be charged at the standard rate.

2. I selected an interest-free voucher. Why do I still have to pay some interest?

Each voucher has limits on the maximum interest-free loan amount, duration, and an interest cap. Interest is waived only up to these limits. If your loan amount or duration exceeds the voucher’s coverage, or if the interest exceeds the cap, you will need to pay the remaining interest.

If you borrow more than the maximum interest-free loan amount, interest will only be waived on the eligible amount and duration, even if the total interest is within the applicable interest cap.

This document may have been translated and published in different languages, In the event of any inconsistency, misstatements, omissions, or errors appearing in any translated version, the English version shall prevail.

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