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Binance Loans Launches Tiered Interest Rates

2022-02-18 04:56
Fellow Binancians,
Binance Loans has launched Tiered Interest Rates. Users with higher VIP levels will enjoy lower interest rates, on all borrowable assets.
An example of Tiered Interest Rates on BUSD loans is as follows:
VIP Level
Previous Int. Rate
New Tiered Int. Rate
Regular
Hourly Int. Rate: 0.001667%
Daily Int. Rate: 0.0400%
Hourly Int. Rate: 0.001250%
Daily Int. Rate: 0.0300%%
VIP 1
Hourly Int. Rate: 0.001667%
Daily Int. Rate: 0.0400%
Hourly Int. Rate: 0.001188%
Daily Int. Rate: 0.0285%%
VIP 2
Hourly Int. Rate: 0.001667%
Daily Int. Rate: 0.0400%
Hourly Int. Rate: 0.001125%
Daily Int. Rate: 0.0270%
VIP 3
Hourly Int. Rate: 0.001667%
Daily Int. Rate: 0.0400%
Hourly Int. Rate: 0.001062%
Daily Int. Rate: 0.0255%
VIP 4
Hourly Int. Rate: 0.001667%
Daily Int. Rate: 0.0400%
Hourly Int. Rate: 0.001000%
Daily Int. Rate: 0.0240%
VIP 5
Hourly Int. Rate: 0.001667%
Daily Int. Rate: 0.0400%
Hourly Int. Rate: 0.000938%
Daily Int. Rate: 0.0225%
VIP 6
Hourly Int. Rate: 0.001667%
Daily Int. Rate: 0.0400%
Hourly Int. Rate: 0.000875%
Daily Int. Rate: 0.0210%
VIP 7
Hourly Int. Rate: 0.001667%
Daily Int. Rate: 0.0400%
Hourly Int. Rate: 0.000812%
Daily Int. Rate: 0.0195%
VIP 8
Hourly Int. Rate: 0.001667%
Daily Int. Rate: 0.0400%
Hourly Int. Rate: 0.000750%
Daily Int. Rate: 0.0180%
VIP 9
Hourly Int. Rate: 0.001667%
Daily Int. Rate: 0.0400%
Hourly Int. Rate: 0.000688%
Daily Int. Rate: 0.0165%
For the tiered interest rates of the corresponding VIP levels and borrowables assets, please refer to the Loanable Assets on Loan Data Page.
If you’re not yet familiar with Binance Loans, here are some useful resources for you to get started:
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.
Thanks for your support!
Binance Team
2022-02-18
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Note: This announcement was updated on 2022-02-28 to update the new tiered interest rates for BUSD loans, and 2022-03-14 to rename VIP 0 to regular accounts/users.
Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.