This is a general announcement and the products and services mentioned here may not be available in your area.

Dear User:

Binance Staking and Lending Platform launches the Periodic Loan product, providing users with more stablecoin lending options! Periodic Loan is an innovative lending service with a fixed term, where users can set their own interest rates, providing a smoother and more convenient experience for both lenders and borrowers.

How to use Binance Fixed-Term Loans:

Borrowing Currency:

1. Place an order: Click [Place an order] - [I want to borrow funds] to set the loan information, or click the [Borrow] button next to the order you want to borrow in the loan market;

2. Set collateral: Select eligible assets from your spot wallet as collateral to meet the initial collateralization ratio (LTV) requirements;

3. Confirm the order: Review and confirm the order details and terms and conditions, and click [Confirm];

4. Order matching: After the order is matched, your loan funds will be released to your spot wallet after deducting the estimated interest. You can view the order details in [My Orders] - [Ongoing Orders];

5. Repayment: Pay your loan in full by the due date to avoid interest penalties.

Lending:

1. Place an order: Click [Place an order] - [I want to lend funds] to set the lending information, or click the [Lend] button next to the order you want to provide funds through the lending market;

2. Confirm the order: Review and confirm the order details and terms and conditions, and click [Confirm];

3. Order matching: After the order is matched, your loaned assets will be transferred from your spot wallet, and Binance will provide principal protection during the loan period. The income will start to accumulate after the order is successfully matched. You can view the order details in [My Orders] - [Ongoing Orders];

4. Repayment: After the order expires, your loaned assets and the accumulated income during the loan period will be paid to your spot wallet within 24 hours after the expiration date.

Comparison of Binance’s staking and lending products:

For more information, please refer to Fixed Loan FAQs, Demand Loan FAQs and VIP Loan FAQs.

About Binance Regular Loans:

Binance Regular Loan provides users with a regular loan service with predictable cost/return (for stablecoins) to build a stable and user-friendly financial service. Users can set their own interest rate and lock in the cost of borrowing and the income from lending through a fixed period. The platform is able to effectively match the needs of borrowers and lenders. The Regular Loan platform adopts an over-collateralization system and supports multi-asset collateral to reduce the liquidation risk of borrowers. At the same time, the platform also has efficient automated processes, including automatic repayment and automatic renewal functions, to provide users with a smoother and more convenient experience.

Notice:

• Before using Binance Fixed Loan, please carefully read the Binance Fixed Loan Terms;

• Borrower related:

  • Once a loan order is submitted, the borrower's collateral assets will be frozen in the spot wallet and cannot be transferred or traded. In the unmatched state, the collateral can be unlocked by canceling the order. Once the order is matched, the borrower's collateral will be automatically transferred from the spot wallet to the Binance collateral management account until the loan order is fully repaid;

  • The loan interest will be collected in advance when the loan assets are loaned out, and the actual amount received by the borrower is the amount of the loan minus the loan interest. If the loan is repaid in advance or liquidated before the order expires, the loan interest will remain unchanged and will not be refunded;

  • The borrower needs to monitor and adjust the collateral ratio (LTV) immediately. If the loan order reaches the forced liquidation collateral ratio, the system will immediately execute the forced liquidation and charge a forced liquidation fee of 2% of the loan amount.

  • If the borrower fails to repay the loan on time when the loan order expires, a late penalty of 3 times the interest will be automatically incurred, with interest calculated every hour.

• Lender related:

  • After submitting a lending order, the assets that the lender wants to lend will be frozen in the spot wallet and cannot be transferred or traded. In the unmatched state, the assets to be lent can be unlocked by canceling the order;

  • After the order is matched, the loaned assets will be transferred from the lender's spot wallet, and Binance will provide principal protection management (coin-based) during the loan period. The lender cannot redeem or request early repayment before the order expires;

  • No interest income will be generated until the order is matched. Within 24 hours after the order expires, the income will be paid to the lender's spot wallet along with the loaned assets.

• Users can view order details at Regular Borrowing Orders > Ongoing Orders;

• There may be discrepancies between the original English version and the translated version. If there are any discrepancies, please refer to the original English version for the latest or most accurate information.

Thank you for your support!

Binance Team

September 05, 2024