Lite Loan
Crypto-backed Lending — Unlock Instant Liquidity
Frequently Asked Questions
1
What is Binance Lite Loan?
Binance Lite Loan is a fixed-term lending product that allows users to pledge collateral and borrow cryptocurrency for instant liquidity. The pledged collateral is used to subscribe to Simple Earn Flexible Products and earn yield (where available and subject to applicable rates).
Key features:
1. Fixed loan term: 30 days
2. Borrow amount: starting from $1 equivalent of cryptocurrencies, capped at the borrowing limit for each asset
3. Liquidation during the initial 30-day term is not triggered by price fluctuations in the collateral or borrowed asset
For more information, please refer to the FAQ.
Key features:
1. Fixed loan term: 30 days
2. Borrow amount: starting from $1 equivalent of cryptocurrencies, capped at the borrowing limit for each asset
3. Liquidation during the initial 30-day term is not triggered by price fluctuations in the collateral or borrowed asset
For more information, please refer to the FAQ.
2
Which cryptocurrencies can I pledge or borrow on Binance Lite Loan?
Borrowable assets: --
Eligible collateral: --
Eligible collateral: --
3
What is the borrowing limit, and how is my borrow quota calculated?
Please refer to the Lite Loan product page for the borrowing limit of each borrowable asset.
Personal borrowing quota is determined based on the value of eligible collateral held in your Spot Account, Funding Account, and Earn Flexible Account, subject to the applicable collateral ratio and the borrowing limit for each borrowable asset.
Examples:
Assuming a borrowing limit of 1,000 USDT and a collateral ratio of 40%:
Collateral worth 6,000 USDT, borrow quota: 6,000 × 40% = 2,400, capped at 1,000 USDT
Collateral worth 2,000 USDT, borrow quota: 2,000 × 40% = 800 USDT
Personal borrowing quota is determined based on the value of eligible collateral held in your Spot Account, Funding Account, and Earn Flexible Account, subject to the applicable collateral ratio and the borrowing limit for each borrowable asset.
Examples:
Assuming a borrowing limit of 1,000 USDT and a collateral ratio of 40%:
Collateral worth 6,000 USDT, borrow quota: 6,000 × 40% = 2,400, capped at 1,000 USDT
Collateral worth 2,000 USDT, borrow quota: 2,000 × 40% = 800 USDT
4
What is the loan term?
The loan term is fixed at 30 days. You can check the due date for each order at the Lite Loan product page.
If a loan is not repaid by the due date, it will become overdue. The maximum overdue period is -- days, during which penalty interest will accrue daily. Reaching an overdue period of -- days is one of the conditions that will trigger liquidation.
If a loan is not repaid by the due date, it will become overdue. The maximum overdue period is -- days, during which penalty interest will accrue daily. Reaching an overdue period of -- days is one of the conditions that will trigger liquidation.
5
What is the fee within the initial 30-day term, and when is it charged?
Service Fee: A one-time -- service fee is charged at the time of borrowing and deducted directly from the loan amount. Please note that the service fee is non-refundable in the event of early repayment. No additional interest is charged during the initial 30-day term.
Example:
If the service fee rate is -- and you borrow 100 USDT, the service fee will be calculated as 100 × --, and the remaining amount will be disbursed to your Spot account.
Example:
If the service fee rate is -- and you borrow 100 USDT, the service fee will be calculated as 100 × --, and the remaining amount will be disbursed to your Spot account.
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