Introducing Binance VIP Loan 2.0! Adding a wide range of new features including self-service borrowing and variable rates, the platform is now even more efficient for securing loans in crypto. Learn all about it below.
Binance VIP Loan offers an institutional-grade loan service, empowering you to access affordable liquidity and diversify without liquidating your current assets. We’ve made some changes and improvements, and we’re now proud to introduce Binance’s VIP Loan 2.0 service with a host of new features.Our standardization and automation tools enhance the efficiency of your VIP Loan application and fund disbursement process.
Each loanable token has a corresponding limit in the system for use with our self-service feature. If the token loan application exceeds the limit, it will be rejected but won’t affect the rest of the applications in the same bundle. To find out more about how you can successfully use our self-service borrowing feature, make sure to head to our VIP Loan FAQ pageBinance VIP Loan 2.0 introduces new flexible rates and open-term features to offer even more range to our VIP users. It’s worth noting that flexible loan rates tend to be less costly than those of fixed-term loans, although this is not always the case.
The daily interest rate is calculated based on the weighted average of interest rates during the previous day.Currently, there isin flexible rates between the different VIP levels offered. To learn more about our Flexible Loans, contact your Binance VIP manager.Update: Self-Service Loan Renewal
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