Binance Launches VIP Loans
SilverLineSwap-Crypto News
A secure institutional-level lending service for Binance VIPs is being launched as part of Binance called VIP Loan. With more flexible lending terms, reduced borrowing interest rates, and bigger borrowing limits, VIP members may now boost their liquidity.
Binance is upgrading its VIP borrower program
With effect from 2022–09–22 00:00 (UTC), Binance is revamping the VIP Holder Program to make it simpler for customers to unlock value from their digital assets and become Binance VIPs or qualify for a higher VIP tier.
Important Points:
Users’ 30-day average asset holdings and daily average BNB holdings will now determine whether they are eligible for the VIP Holder Program.
The 30-day average asset holdings estimate will not include BNB assets.
If the program qualifies a user for a higher VIP level than their present status, they will be immediately raised to the relevant VIP tier if they fulfill the 30-day average asset holding criteria and daily average BNB holding levels.
The advantages of Binance Loan:
Capital efficiency at the institutional level With a solid credit history, there is no hard ceiling on borrowing and a 20 million USD maximum, Improved Initial/Margin Call/Liquidation Loan-to-Value Ratios (LTV) of 72%, 77%, and 91%, respectively, In order to increase capital efficiency, aggregate assets from several accounts as collateral.
more freedom to a customized lending deal
600+ loanable and collateral assets are supported, Flexible loan terms without early repayment penalties, When the liquidation LTV is triggered, delayed liquidation is offered.
A special feature of SilverLine offers CRYPTO LOAN, a flexible, collateral-free loan that is specially created for you based on your crypto score.