VIP Loan Launches Online Application for Flexible Rate and Open Term Loans | Binance Support

This is a general announcement. Products and services referred to here may not be available in your region.

Fellow Binancians,

Binance VIP and Institutional is delighted to announce the launch of online applications for flexible rate and open term VIP loans. Users can now select among open-term, 30-day loan term and 60-day loan term, and either flexible or fixed rates for their online loan applications. Users can also use Binance VIP Loan SAPI endpoints for online applications and renewals.

Note:

• Flexible rates are updated daily based on market conditions, and do not vary across different VIP levels.

• Interest for flexible rate loans are accrued daily based on the published rates here.

• Fixed rates are applicable to loans with 30-day and 60-day terms while flexible rates may be applicable to loans with any term.

• Open term loans do not have expiry dates, which provides seamless continuity without recurring renewal procedures, reducing operational complexities.

Promotion: Win a 300 USDT Reward When New User Place the Largest VIP Loan Order of the Day

Promotion Period: 2023-08-24 09:00 (UTC) to 2023-09-03 09:00 (UTC)

To celebrate this launch, Binance will be hosting a promotion for VIP Loan new users. For each day during the Promotion Period, a qualified new user who confirms his/her participation and places the largest flexible rate VIP loan order with a borrowing period of more than 30 days, will receive a 300 USDT token voucher.

Note:

• Only VIP Loan new users are eligible for the promotion. A new user refers to a user who has never used Binance VIP Loan before the promotion. 

• Only flexible rate VIP loan orders are qualified for this promotion.

• Loaned assets must be held for at least 30 days to be eligible for this promotion.

• Loan amount must meet the minimum threshold of VIP Loan for a VIP Loan new user, i.e., a minimum loan amount of $500,000 equivalent and a minimum asset holding of  $695,000 equivalent in the spot wallet.

• Users may qualify to each receive a maximum of one reward only. Please confirm your participation via this form.

• There will be a total of ten (10) rewards. 

• Each day runs from 09:00 (UTC) to 08:59 (UTC) on the next day.

Guides & Related Materials:

• What Is Binance VIP Loan and Frequently Asked Questions

Terms & Conditions:

• Only Binance VIPs who complete account verification and confirm their participation via the form will be eligible to receive a reward. 

• Rewards Distribution

  • USDT rewards will be allocated in token vouchers to all eligible users within six weeks after the promotion ends. Users can login and redeem their token voucher rewards via Profile > Rewards Hub.

  • All the distributed token vouchers will expire within 14 days after distribution. Eligible users should claim their voucher rewards before the expiration date. Learn how to redeem a token voucher.

• Binance VIP and Institutional reserves the right to disqualify any participants who, in its reasonable opinion, are acting fraudulently or not in accordance with any applicable terms and conditions.

• Binance VIP and Institutional reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this Promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all Participants shall be bound by these amendments.

• Additional promotion terms and conditions can be accessed here.

• If you have any questions about this feature, please reach out to your VIP manager or contact VIP Key Account Coverage team via email ([email protected]).

• Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

Thanks for your support!

Binance Team

2023-08-23

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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.

Risk Warning: 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.