What is the minimum loan amount Binance can offer you?
Binance offers crypto loans with different conditions and minimum loan amounts. Here is a general overview:
_Minimum loan amount:_
- The minimum loan amount on Binance varies depending on the cryptocurrency and loan term.
- For example:
- BNB (Binance Coin): 0.01 BNB (approximately $5)
- BTC (Bitcoin): 0.001 BTC (approximately $20)
- ETH (Ethereum): 0.01 ETH (approximately $20)
_Requirements:_
- To be eligible for a loan on Binance, you must:
- Have a verified Binance account
- Have sufficient collateral (cryptocurrency) in your Binance wallet
- Meet the minimum loan amount and loan-to-value (LTV) requirements
- Agree to the loan terms and conditions
_Loan-to-value (LTV) ratio:_
- The LTV ratio varies depending on the cryptocurrency and loan term.
- Example:
- BNB: up to 50% LTV (you can borrow up to 50% of your BNB collateral)
- BTC: up to 30% LTV (you can borrow up to 30% of your BTC collateral)
_Interest Rate:_
- Interest rates on Binance vary by cryptocurrency and loan term.
- Example:
- BNB: 3.65% APY (annual percentage yield)
- BTC: 4.65% APY
Please note that these terms and amounts are subject to change and may vary depending on market conditions and your personal circumstances. It is best to check the Binance website or mobile app for the latest information. #BinanceLoans
