**Binance Loan Guidelines**
**Eligibility Criteria**:
1. **Minimum Age**: Must be 18 years or older.
2. **KYC Completion**: Full identity verification through the KYC (Know Your Customer) process is required.
3. **Cryptocurrency Collateral**: Sufficient crypto assets are needed to serve as collateral.
**Loan Application Process**:
1. **Account Access**: Log in to your Binance account and go to the "Binance Loan" section.
2. **Select Collateral**: Choose the cryptocurrency you wish to use as collateral, such as BTC, ETH, or BNB.
3. **Specify Loan Amount**: Enter the desired loan amount in a fiat currency like USD or EUR.
4. **Choose Loan Duration**: Select the loan term, such as 7, 14, or 30 days.
5. **Interest Rate and Fees**: Review the applicable interest rate and any associated fees.
6. **Loan Confirmation**: Carefully review and confirm the loan details.
7. **Receive Funds**: The borrowed amount will be deposited into your Binance account.
**Repayment Terms**:
1. **Loan Repayment**: Repay the borrowed amount along with interest before the due date.
2. **Auto-Repayment Option**: Enable auto-repayment to automatically deduct the loan repayment from your Binance account.
3. **Collateral Liquidation**: If the loan is not repaid on time, Binance may liquidate your collateral to cover the outstanding loan amount.