Last updated: 26 September 2025
Disclaimer: In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.
Binance Fixed Rate Loans is a service offering fixed-interest rates and fixed-term loans. Each loan order is over-collateralized, meaning the value of the collateral pledged by the borrowing user, the “Borrower,” is higher than the value of the digital assets provided by the lending user, the “Supplier.”
Borrowers can select from a variety of tokens to use as collateral and can select the loan’s interest rate, duration, and amount based on their preferences.
If you would like to lend digital assets instead of borrowing, you can receive a fixed deposit rate by lending your stablecoin assets on Binance. You can set the expected rate of return, loan duration, and the amount of digital assets to be loaned, based on your preferences. Your loaned assets are principal-protected by Binance (in token amount).
Before using this service, please carefully read and agree to the Binance Fixed Rate Loans Service Terms. Note that in the event of any discrepancy between this FAQ and the Binance Fixed Rate Loans Service Terms, the provisions of the Binance Fixed Rate Loans Terms will prevail with respect to the same.
1. Stable and predictable costs for borrowers: Lock in a fixed APR for a set duration, eliminating fluctuations and unexpected costs.
2. Attractive fixed APR for suppliers: Supply your assets for a customizable and fixed APR.
3. Multi-asset collateral: Borrowers can select multiple assets as collateral to reduce the risk of liquidation.
4. Efficient automated process: Enjoy a fast, easy, and automated borrowing and lending experience with auto-repay and auto-renew options available.
5. Trusted management: Binance directly manages collateral and loaned assets, providing a secure and reliable environment. The Supplier’s loaned assets are principal protected by Binance (in token amount).
The collateral of the Borrower and the supply loan assets of the Supplier will be frozen once the Borrow and Supply orders are placed. Loan Interest will only be generated after the orders are matched and will not be charged until matching. The Supplier cannot redeem the returned funds or interest accrued on the loan (“Return Interest”) before expiry of the loan. Users’ digital assets are subject to market risk and price volatility. Binance protects users' assets through strict risk control mechanisms and advanced security technologies.
Please note: Binance Fixed Rate Loans is a fixed-term loan service. Loan Interest is charged in advance at the time of transfer of the loan assets. The actual amount the Borrower receives is the borrowed amount minus the precalculated Loan Interest. If the Borrower repays the loan in advance or Binance liquidates the Borrower’s collateral for repayment of an overdue loan balance or when the loan LTV reaches Liquidation LTV before the loan duration expires, the amount of Loan Interest payable on the loan will remain unchanged and will not be refunded to the Borrower. Once the order is matched, the Borrower's collateral will be transferred to the Binance collateral management account. Borrowers are responsible for monitoring and adjusting the LTV (Loan-to-value). If the Borrower’s order reaches the Liquidation LTV, the system will immediately execute the forced liquidation. A liquidation fee of 2% of the borrowed amount will be charged. Binance will use the deposited collateral assets to repay the loan order. A Late Fee which is 3 times of the loan interest rate (“Late Fee”) will automatically accrue hourly where the Borrower fails to repay the loan on the agreed loan expiry date.
Late Fee calculation: The late fee is charged at three times the hourly rate derived from the order’s interest rate.
1. Order placing: To place a borrow order, first select the token you wish to borrow. Next, click on your preferred offer, and the corresponding details – such as the borrow amount, expected interest rate, and other relevant information – will automatically populate on the right-hand side. If you confirm without changes, the order will be matched immediately. Or you may manually fill in the order details and wait for it to be matched.
2. Select collateral: Select eligible collateral asset(s) from the list of your assets in your Spot Account. The Loan-to-Value (LTV) should be lower than the Initial LTV.
3. Confirm order: Confirm the order details, including the estimated loan interest, loan duration, margin call LTV, etc. Your collateral assets will be automatically frozen in your Spot Account once the order is placed.
4. Order matched: Once the order is matched, your collateral assets will be automatically transferred out of your Spot Account and held by Binance until the loan is repaid in full. You will receive the borrowed assets minus the pre-agreed Loan Interest amount in your Spot Account.
Please monitor the LTV closely to avoid liquidation.
5. Repayment: Repay the loan in full on or before the expiry date to avoid the Late Fee.
Please note: The Initial/Margin Call/Liquidation LTV of Fixed Rate Loan are 72%, 77%, and 91%, respectively. A Late Fee will be automatically applied hourly if the loan order is not repaid in full before the expiry date. If the loan order is not repaid in full within 24 hours after the expiry date, the collateral assets will be automatically liquidated to repay the loan order.
Late Fee calculation: The interest rate of the order to be converted into interest rate per hour and multiplied by 3 to charge the fee.
You can supply funds to Fixed Rate Loan via Fixed Rate Loans or Simple Earn pages:
a. Order placing:
Please note: Modifying inputs (e.g., supply amount, interest rate) delays order matching and requires further time for the order to be matched.
b. Confirm order: Confirm the order details, including the supply amount, supply duration, expected return interest, etc. Your supply assets will be frozen in your Spot Account once the order is placed. No Return Interest will accrue before the order is matched.
c. Order matched: Once the order is matched, your supply assets will be transferred from your Spot Account and will be principal-protected by Binance for the duration of the order. Return Interest starts accruing on matching.
d. Repayment: After the loan expires, your loaned assets and Return Interest will be delivered to your Spot Account within 24 hours following the expiry date.
a. Order placing:
b. Confirm order: Confirm the order details, including the supply amount, supply duration, estimated Return Interest, etc. Once the order is placed, your supply assets will be subscribed to Simple Earn Flexible Products and earn Real-Time APR Rewards before order is matched.
Please note: Only the entered supply amount will be supplied to Fixed Rate Loan, the accrued Real-Time APR rewards from Simple Earn Flexible Products will remain in the Earn Account after order is matched. Only funds supplied via the Simple Earn page are eligible for Real-Time APR Rewards before orders are matched.
c. Order matched: Once the order is matched, your supply assets will be transferred from your Spot Account and will be principal-protected by Binance for the duration of the order. Return Interest starts accruing on matching.
d. Repayment: After the loan expires, your loaned assets and Return Interest will be delivered to your Spot Account within 24 hours following the expiry date.
To learn more, click to view the "Frequently Asked Questions" tab on this page.
Disclaimer: In compliance with MiCA requirements, from 2024-06-30, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.
Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.
Currently, Binance Fixed Rate Loans supports multiple tokens with varying fixed terms. Please refer to the product page for the latest information.
For detailed information, please refer to the Binance Fixed Rate Loan Service Terms.
Upon matching, the interest payable on the loan by the Borrower under the Binance Fixed Rate Loans service will include as an aggregate figure covering the cost of funding and the funding for Binance insurance funds. This amount is determined by Binance in its absolute discretion, and based on a number of factors which may include, but is not limited to, prevailing market conditions such as “Charge Fees” or “Loan Interest”.
Binance provides a variety of loan services including Fixed Rate Loans, Flexible Loans and VIP Loan to meet the demands and scenarios of different users. For details of Flexible Loans and VIP Loan, please refer to What is Binance Flexible Loan and Frequently Asked Questions and What Is Binance VIP Loan and Frequently Asked Questions.
| Product | Fixed Rate Loans | Flexible Loans | VIP Loan |
| Duration | Fixed term | Flexible term | Fixed and Flexible terms |
| Interest rate | Selectable rates | Predetermined rates | Predetermined rates |
| Collateral account | Managed by Binance | Locked in your Simple Earn Account | In your Spot Account |
| Collateral asset(s) per order | Multiple collateral assets supported | Select single collateral asset | Multiple collateral assets supported |
| Minimum borrow amount | $50,000 equivalent of coins | $1 equivalent of coins | $500,000 equivalent of coins |
| Subaccount supported | Yes | No | Yes |
| Advantage | Fixed rate and duration, predictable costs | Borrow and repay anytime, collateral assets accrue rewards in Simple Earn | Collateral assets are kept in your Spot Account, providing flexibility of fund usage, higher borrow limit |
You can set the interest rates of the Borrow and Supply order according to your needs.
Yes, currently the minimum amount per Borrow or Supply order is $50,000 equivalent of stablecoins. The maximum borrow amount per user is subject to the amount of the Borrower’s collateral value and the borrow cap of different coins in Fixed Rate Loans.
The maximum supply amount per user is subject to the Supplier’s available assets in the Spot Account and the supply cap of different coins in Fixed Rate Loans. Please refer to the product page for the latest information.
There is no limit to the number of orders you can place. However, please note that a user can have a maximum of 10 pending orders at any given time.
a. For orders placed or selected from Fixed Rate Loan Page:
If your order has already been matched, it cannot be edited or canceled. However, if your order hasn't been matched, you can still edit or cancel your order from Loan - Pending Orders.
b. For orders placed from Simple Earn Page:
You can edit or cancel any unmatched orders from Loan - Pending Orders.
Please note:
To avoid users matching with their own orders by mistake, you cannot see your own orders in the market. In addition, Binance automatically adds a system adjustment factor of around 10% to the rate you set (the actual percentage may vary depending on market conditions and the platform’s pricing mechanism) to calculate the final listing rate. For example, if you set a supply order rate of 5%, the rate shown to borrowing users may be around 5.5%.
You can check the status of your orders from [Fixed Rate Loan] - [Orders].
There is no limitation on the purpose of the loan. You may trade on the Spot market, deposit them into Binance Earn products, or withdraw them from Binance.
The Loan Interest is calculated according to the following formula:
Loan Interest = Borrowing Amount * Matching Interest Rate (Inclusive of the Fixed Rate Loan Charge Fees)* Fixed Duration / 365
Please note: Binance Fixed Rate Loans is a fixed-term loan. Loan Interest charged in advance at the time of fund transfer. The actual amount the Borrower receives is the borrowed amount minus the precalculated Loan Interest. If the Borrower repays the loan in advance or Binance liquidates the Borrower’s collateral for repayment of an overdue loan balance or when the loan LTV reaches the Liquidation LTV before the order expires, the payable Loan Interest amount will remain unchanged and will not be refunded.
Once the order is placed, your collateral assets will be automatically frozen in your Spot Account. After the order is matched, your collateral assets will be automatically transferred out of your Spot Account and held by Binance until the loan is repaid in full.
Batch Order Borrow (Multi-Select) lets you place multiple borrow orders at the same time. Instead of submitting one order per rate, you can save time and improve efficiency.
Note: Only offers for the same asset and same duration can be multi-selected.
How to Enable It?
1. Go to the Fixed Rate Loans page.
2. In the “I Want to Borrow” section, switch on the Multi-Select toggle (top right).
3. Select multiple borrow orders. The aggregated weighted interest rate will be automatically calculated and displayed on the right.
4. Enter the borrow details and confirm to submit all selected orders in one go.
Converting to Flexible Rate Loan allows you to keep your loan position open-term with a market-adjusted interest rate, with interest accruing on an hourly basis. With this repayment method, your Fixed Rate Loan is converted to a Flexible Rate Loan* at maturity of the Fixed Rate Loan, eliminating the need for manual repayment of your Fixed Rate Loan and easing repayment pressure. This feature also helps prevent liquidation for users who might miss the repayment deadline due to timing issues, offering a more flexible borrowing experience.
There are two methods to enable the Flexible Rate conversion feature:
1. While placing a new Borrow Fund order, you may click on [Convert to Flexible Rate] to set your repayment method preference.
2. For existing orders, please visit Ongoing Orders, select the repayment method of the order you’d like to enable the function as [Convert to Flexible Rate] and save your preference.
You may edit your Repayment Method anytime after the order is placed and before the matched order(s) expire. The setting will only take effect on the expiry date of the Fixed Rate Loan.
Conditions of conversion to a Flexible Rate Loan
Please note that Binance is under no obligation to convert your Fixed Rate Loan to a Flexible Rate Loan. The conversion to a Flexible Rate Loan is subject to the availability of assets to Binance to allow Binance to make a Flexible Rate Loan to you.
If Binance declines to convert your Fixed Rate Loan to a Flexible Rate Loan, you are still obliged to repay your Fixed Rate Loan and Late Fee as applicable, on the original maturity date of your Fixed Rate Loan.
You may use the Flexible Rate Loan Services only if all of the following conditions are met:
(i) the balance of the relevant Eligible Collateral standing to the credit of the Collateral Account maintained by Binance in respect of the Fixed Rate Loan(s) is sufficient for meeting the relevant Collateral Requirements at the time of submitting a request for conversion; and
(ii) you have no unpaid debt to Binance (other than the Fixed Rate Loan(s)).
Please note:
Once the convert to a Flexible Rate Loan feature is enabled, and subject to Binance approving your request for conversion, Binance will automatically initiate the conversion to a Flexible Rate Loan upon the expiry of your Fixed Rate Loan. If the Flexible Rate Loan is unavailable at that time, or alternatively, you have not satisfied the required conditions for conversion to a Flexible Rate Loan at the point of expiry of your Fixed Rate Loan, you will still be required to repay the Fixed Rate Loan on its original maturity date (as well as any Late Fee as applicable). Binance may send email notifications regarding the conversion status, but the delivery is not guaranteed and may be affected by factors such as network issues or email accessibility. You are responsible for monitoring the conversion status on the original maturity date of your Fixed Rate Loan and Binance bears no liability for your failure to repay your Fixed Rate Loan and Late Fee (as applicable) in the event that your request for conversion to a Flexible Rate Loan is not affected.
The Borrower has to repay the Fixed Rate Loan in full before the expiry date. The Late Fee will be automatically incurred, accruing on an hourly basis for the duration of the 24 hour grace period following the expiry date, where the loan order is not repaid in full before the expiry date. Where the loan order is not repaid in full 24 hours following the expiry date, the collateral assets will be automatically liquidated to repay the loan order and the Late Fee.
Please refer to the available collateral list on the product page.
Please note: Collateral ratio applies to different collateral assets depending on the respective asset(s) market liquidity.
Collateral ratio represents the value of your collateral pledged after being calculated based on the market volatility discount rate. Please refer to the product page for the latest Collateral ratio.
Example:
Collateral asset | Tiers (value in USD) | Collateral ratio |
A | 0 - 300,000 | 100.00% |
300,000 - 500,000 | 70% | |
500,000 - 1,000,000 | 30% | |
1,000,000 - 3,000,000 | 0% |
The user has 2,000,000 “A” coins, with a token price of $0.6. The following is the formula for calculating effective collateral value:
Initial asset value = 2,000,000 * $0.6 = $1,200,000
Collateral value = 300,000 * 100% + (500,000 - 300,000) * 70% + (1,000,000 - 500,000) * 30% + (1,200,000 - 1,000,000) * 0% = $590,000
Please note: The collateral discount rate only affects the maximum amount you can borrow from Fixed Rate Loan. It doesn’t affect the actual value of your assets.
LTV stands for Loan-to-Value. It’s the total value of your loan to the value of your collateral (after the collateral ratio is applied). The value is determined by the index price of respective coins.
LTV = Loan Value / Collateral Value
For example, assuming an initial LTV of 70% for the ABC token: if you have pledged 1,000 ABC as collateral, you may borrow up to 700 ABC worth in crypto assets.
Initial LTV is the initial ratio between the value of the collateral you need to provide and your borrowing amount, which is used to evaluate and control the risk of the loan.
Please note: The current Initial LTV is 72%. Borrow orders are only available for matching when the LTV is lower than the initial LTV. If the LTV of a pending order remains higher than Initial LTV for 24 hours, the system will automatically cancel your order.
Margin Call LTV represents a warning that the loan position is getting closer to the liquidation LTV. When your loan position reaches its margin call LTV, which is 77% at the moment, a margin call notification will be sent out. You can take action by pledging more assets to increase the collateral value thus reducing the LTV.
For example, if the Margin Call LTV is 77%, the system will remind you to top up the Collateral Asset when the Borrowing Amount/ Collateral Amount ≥ 77%.
Loan liquidation will happen when the Borrower defaults in their obligations under the loan agreement and associated terms. In that case, Binance has the right to obtain full legal ownership of the deposited collateral.
Defaults include, but are not limited to, where the loan repayment is overdue, and the current LTV exceeds the liquidation LTV, which might happen when the collateral decreases in value.
The Liquidation LTV refers to the tipping point at which Binance will automatically liquidate the collateral assets to recover the loan and reduce the risk when the value of the collateral asset drops to a certain percentage relative to the borrowing amount.
If the order reaches the Liquidation LTV, which is 91% at the moment, the system will immediately execute the forced liquidation and use the collateral assets to repay the outstanding loan amount. In the event of a forced liquidation, a liquidation fee of 2% of the borrowed amount will be charged, which will be deducted from your collateral. If there is any remaining collateral after the forced liquidation, the system will transfer the remaining collateral back to your spot account.
For example, if the Liquidation LTV is 91%, when your loan value/collateral asset value exceeds 91%, the system will immediately execute the forced liquidation.
If the market is volatile and the value of the collateral becomes less than the total debt value, you are obliged to immediately repay the remaining arrears.
You’ll be notified via in-mail, email, and SMS in the event of a margin call or liquidation. The notifications serve as a risk warning and cannot guarantee timely delivery. You are responsible for monitoring the loan orders by yourself.
By using the service, you agree that under certain circumstances, you may be unable to receive or get delayed SMS or email reminders. The circumstances include but are not limited to personal network congestion, poor network environment, local restrictions, service provider's policies, and device malfunctions.
Please note that if the margin call time and liquidation call time are too close, the margin call notification will be automatically canceled by the system, and you’ll only receive the liquidation call notification.
Binance reserves the right to deliver such notifications, but is under no obligation to do so and has no liability to users where such notifications are not received.
Binance Fixed Rate Loans is a fixed-term loan, and Loan Interest is charged in advance at the time of disbursement. The actual amount the Borrower receives is the borrowed amount minus the precalculated Loan Interest. You have the right to repay the loan early, but in the case of early repayment or the order is liquidated before maturity, Loan Interest remains fully payable and due, and will not be refunded.
When the auto-repayment feature is enabled, Binance will automatically transfer the repayment amount for the current loan order from your Spot Account upon the loan’s expiration. This feature helps users avoid penalties for failing to repay the loan order on time.
Please note: If you do not have enough assets in your Spot Account to repay the loan in full, the auto-repayment will fail, as partial repayment is not provided. You can disable auto-repayment at any time before your order expires.
Return Interest accrues once your supply order gets matched. Return Interest is calculated according to the following formula:
Total Interest Rewards = Amount Supplied * Matching Interest Rate* Fixed Duration / 365
Please note: Return Interest will only start accruing once the order is matched and not before. Return Interest will be distributed along with the return of your loaned assets within 24 hours following the expiry date.
Binance Fixed Rate Loans is committed to protecting the safety of users’ assets. Binance adopts platform custody and overcollateralization mechanisms. Once the LTV of the borrowed funds is higher than a certain tipping point, the collateral assets deposited in Binance’s collateral management account, will be automatically liquidated to repay the loan.
Once the order gets matched, you cannot redeem the loaned assets before the expiry date or request earlier repayment. Your loaned assets along with the Return Interest will be returned to your Spot Account within 24 hours following the expiry date, or earlier repayment where applicable.
If the borrowed funds get repaid earlier by the Borrower or the liquidation occurs due to the high LTV, your loaned assets will be returned prior to the expiry date. The Return Interest amount remains unchanged. Return Interest and your loaned assets will be released to your Spot Wallet within 24 hours after the order ends.
After the auto-renewal function is enabled, Binance will automatically create a new supply order for you based on the interest rate and deposit amount of the current order after the current supply order expires and the loaned assets are returned to you. You can disable the auto-renewal feature at any time before your order expires.
By enabling the order splitting feature, you can split a large supply order into several sub-orders and supply separately by setting the Minimum Supply Amount (in one order). This will enhance the order matching rate.
Please note: Your sub-order must meet the minimum loan quantity requirement for Binance Fixed Rate Loan, i.e. each sub-order must be greater than $50,000 equivalent. After the order splitting feature is enabled, the partially matched sub-orders cannot be modified. Any unmatched sub-orders can still be modified or canceled.
For more information regarding the Terms and Conditions, please visit the Binance Fixed Rate Loans Terms page.
*For the avoidance of doubt, the Flexible Rate Loan Services offered to users as part of any conversion of a user’s Fixed Rate Loan to a Flexible Rate Loan, are entirely separate and independent of Binance’s Flexible Loan product as further detailed here. The Flexible Rate Loan Services offered to users as part of any conversion of a user’s Fixed Rate Loan to a Flexible Rate Loan are strictly governed by the terms of use of Binance Fixed Rate Loans.
