Interest Rate Promotion Details
Promotion Period: June 27, 2022, 19:00 to July 27, 2022, 19:00 (UTC+8)
During this period, users enjoy reduced interest rates for borrowing assets like BUSD on Binance’s Crypto Loans platform. Below is a comparison of standard vs. promotional rates:
Borrowing Rate Comparison (BUSD Example)
| VIP Level | Original Rate (Hourly/Daily) | Promotional Rate (Hourly/Daily) |
|-----------------|-----------------------------|---------------------------------|
| Regular User | 0.001% / 0.025% | 0.0004% / 0.0100% |
| VIP 1 | 0.001% / 0.0238% | 0.0004% / 0.0095% |
| VIP 2 | 0.0009% / 0.0225% | 0.0004% / 0.0090% |
| VIP 3 | 0.0009% / 0.0213% | 0.0004% / 0.0085% |
| VIP 4 | 0.0008% / 0.0200% | 0.0003% / 0.0080% |
| VIP 5 | 0.0008% / 0.0188% | 0.0003% / 0.0075% |
| VIP 6 | 0.0007% / 0.0175% | 0.0003% / 0.0070% |
| VIP 7 | 0.0007% / 0.0163% | 0.0003% / 0.0065% |
| VIP 8 | 0.0006% / 0.0150% | 0.0003% / 0.0060% |
| VIP 9 | 0.0006% / 0.0138% | 0.0002% / 0.0055% |
👉 Maximize savings with Binance Crypto Loans
Key Notes:
- Binance dynamically adjusts borrowable/pairing assets, rates, and loan limits based on market conditions.
- Rates are subject to change without prior notice.
FAQs
1. What is Binance Crypto Loans?
A service allowing users to borrow cryptocurrencies by pledging other assets as collateral, ideal for leveraging holdings without selling.
2. How does the interest rate promotion work?
During the promotion, borrowers enjoy discounted rates (e.g., 60% lower for BUSD loans). Rates revert to standard post-campaign.
3. Can I borrow CAKE now?
Yes! CAKE is newly added as a borrowable asset, expanding options for decentralized finance (DeFi) enthusiasts.
👉 Explore CAKE borrowing options
Additional Resources
- How to Use Crypto Loans: Step-by-step guide for beginners.
- User Agreement: Terms and conditions for loan services.
Disclaimer: Crypto loans involve risks; ensure understanding of terms before participating.
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