1. What crypto can I borrow on Remitano Crypto Loans?
Binance Crypto Loans offers a wide range of crypto as loanable assets and collateral, including BUSD, USDT, BTC, and ETH. Check out the Loan Data page for more information.
2. What are the Loan Terms?
Loan terms are available from 7, 14, 30, 90, and 180 days. You can always repay in advance and the interest is calculated based on the hours borrowed. There is no penalty for early repayment.
3. How is the interest calculated?
Interest is calculated hourly, in which less than one hour is calculated as one hour. The interest rate starts to accrue at the time of borrowing.
4. What is LTV?
LTV stands for Loan-to-Value. It’s the total value of your loan plus interest, if any, to the value of your collateral. The value is determined by the index price.
LTV = Loan Value / Collateral Value
5. What happens if my loan repayment is overdue？
We give an overdue duration of 72 hours (for loan terms of 7 and 14 days) or 168 hours (for loan terms of 30, 90, and 180 days), during which you will be charged 3 times the hourly interest. If you do not repay after the overdue duration, we will liquidate your collateral to repay your loan.
6. What can I do with the crypto loan?
You can use the loan for any purpose, including trading on the spot, margin, or futures markets, staking, or even withdrawing the funds.