BINANCE LOAN PROCEDURE
Eligibility
1. Age: 18 years or older.
2. Identity verification: Complete KYC (Know Your Customer) process.
3. Cryptocurrency holdings: Have sufficient crypto assets to use as collateral
Loan Process.
4. Log in: to your Binance account and navigate to the "Binance Loan" section..
5. Select collateral*: Choose the cryptocurrency you want to use as collateral (e.g, $BTC $BNB $ETH Choice is your..
6. Specify loan amount: Enter the amount you want to borrow in the desired fiat currency (e.g, usd euro đ¶..
7. Choose loan term: Select the loan duration (e.g., 7, 14, 30 days..
8. Interest rate: View the applicable interest rate and fees..
9. Confirm loan: Review and confirm the loan details..
10. Receive funds: The loan amount will be credited to your Binance account.
Repayment..
11. Repay loan: Repay the loan amount plus interest before the due date..
12. Auto-repayment: Enable auto-repayment to deduct the loan amount from your Binance account..
13. Collateral liquidation If you fail to repay Binance may liquidate your collateral to cover the loan..
