In a big relief for users, Binance has announced the launch of the Binance loans service. When users avail Binance loans service, they can leverage the current crypto assets as collateral for loans. Users will also be able to borrow from a vast range of crypto assets by using the Binance loans service. Users can also choose from a range of varying loan tenures, seek low-interest rates and get immediate approval.
All the users of the Binance Loans service will be able to get a stunning 20 percent discount on the daily interest rate. It is worth noting that the lowest interest rate is kept at 0.0224 percent. Users can seek the Binance loans service beginning from today till April 14, 2020.
According to the report, Binance loans will remain flexible and aggressively offer a vast range of alternatives for supported crypto assets, collateral assets, interest rates, and highest loanable limits based on prevailing market conditions and internal risk management.
Meanwhile, the daily interest rate will be returned to the standard interest rate soon after the promotion comes to an end, i.e., on April 14, 2020.
Binance has decided to launch the loan service to meet the funding needs of users.
In order to borrow on Binance loans, the users need to be registered users of Binance. Binance loans will extend support to the borrowing of various cryptos that may include BUSD and USDT.
For further details, you may visit the Borrow Page on Binance loans if you are grappling with some confusion.
It is worth mentioning that Binance loans will support the usage of various cryptos as collateral. It will include BTC and ETH.
So, fulfill your entire loan-related requirement through Binance today.