English/USD
Language
Currency
How can we help you?
Support Center
FAQ
Finance
Crypto Loans
Binance Loans User Manual
Binance
2020-06-17 05:35

Menu:

  • How to borrow
  • How to make full repayment(includes:full prepayment)
  • How to remove collateral after partial payment
  • How to cover short position
  • How to adjust LTV
  • How to check loan orders
  • How to check repayment history

 

How to borrow

Please click the【Earn】from the navigation menu, select【Crypto Loans】, and follow the steps below to start borrowing:

  1. Select the crypto asset you want to borrow and enter the borrowing amount.
  2. Choose a collateral asset.
  3. Choose a loan term.
  4. After confirming the amount of interest and repayment amount, click "Start borrowing now" to enter the order page.

1.png

5. Confirm the order details, read and agree to the Binance Loan Service Agreement and click "Confirm" to borrow.

2.png

How to make full repayment (Includes: full prepayment)

After logging in, please select【Order】-【Loan History】from the navigation menu and follow the steps below to get started:

1. Click "Loan Orders"

2. Select "Repay"

3.png

3. Enter full "Repayment Amount", or

4. Select "100%" repayment.

5. Click "Confirm repayment"

Note: Please ensure that you have enough cryptos in your spot wallet to repay the interest and the principal. After full repayment, the full amount of collateral will be returned to your spot wallet.

4.png

 

How to remove collateral after partial repayment

Note: If part of the loan is returned in advance, the system will not automatically refund the corresponding collateral deposit. Please remove the collateral deposit manually as follows.

 

After logging in, please select【Order】-【Loan History】from the navigation menu and follow the steps below to get started:

  1. Click "Loan Orders".
  2. Select "Adjust LTV".

5.png

3.Slide the LTV bar to increase the LTV rate, or

4. Select "Remove" and manually enter the collateral amount to be removed.

5. After the above steps are completed, the LTV rate will be adjusted accordingly. Please ensure that the rate is below 65% after adjustment.

6. Click "Remove collateral" to confirm.

6.png

 

How to cover short position

After logging in, please select【Order】-【Loan History】from the navigation menu and follow the steps below to get started:

  1. Click "Loan Orders"
  2. Select "Adjust LTV"

short-1.png

3.Slide the LTV bar to decrease the LTV rate, or

4.Select "Add" and manually enter the collateral amount to be increased.

5.After the above steps are completed, the LTV rate will be adjusted accordingly. Please ensure that the LTV rate is below 65% after adjustment.

6.Click "Add collateral" to confirm.

short-2.png

 

How to adjust LTV

After logging in, please select【Order】-【Loan History】from the navigation menu and follow the steps below to get started:

  1. Click "Loan Orders"
  2. Select "Adjust LTV"7.png
  3. Slide the LTV bar to adjust the LTV rate, or
  4. Select "Add" or "Remove", and manually enter the collateral amount.
  5. Click "Add collateral" or “ Remove collateral” to confirm.

8.png

 

How to check loan orders

After logging in, please select【Orders】-【Loan History】from the navigation menu and follow the steps below to get started:

  1. Click "Orders".
  2. Select "Loan History".
  3. Enter the loan orders page and review the history of all loan orders.

check.png

 

How to check repayment history

After logging in, please select【Orders】-【Loan History】from the navigation menu and follow the steps below to get started:

  1. Click "Repayment History".
  2. Confirm repayment status.

pay.png






Have more questions?submit a request
Related Articles
How to use “Binance Loans” Service