Flexible
Active loans
History

How to borrow crypto

    Submit loan request
    Receive loan
    Repay loan
    Receive collateral
FAQ
Which cryptos are supported for flexible-term loans?
We support over 20 cryptos such as BTC/ETH/USDT for flexible-term loans. You can refer to our crypto list.
What is Multi-collateral Flexible Loan?
Flexible Loan is a financial product with a floating interest rate and no fixed term. Your loan funds will be released into your account instantly and you can repay anytime. With multi-collateral loans, you can use the collateral of your existing loans to secure a new one. For example, suppose you pledge BTC and ETH worth $1 million altogether, but only borrow USDT worth $500,000. When you want to borrow another $100,000 USDT, you don't need to add any collateral since your previous one is of high enough value to cover your new loan.
What's the difference between multi and single-collateral loans?
(1) Collateral types available: Suppose you hold BTC and ETH in your account and want to borrow USDT. With single-collateral loans, you can only pledge either BTC or ETH to borrow. With multi-collateral loans, you can pledge both BTC and ETH to borrow. (2) Ways to manage collateral: With single-collateral loans, a new order is created each time you borrow. With multi-collateral loans, your loan and collateral amount (calculated in USD) will be added to your previous loans. In other words, you can use the collateral of your existing loans to secure a new one. Suppose you pledge BTC and ETH worth $1 million altogether, but only borrow USDT worth $500,000. When you want to borrow another $100,000 USDT, you don't need to add any collateral since your existing collateral is of high enough value to cover your new loan.
Why choose OKX Flexible Loan?
With Flexible loans, you can subscribe to Earn products, such as Staking and Jumpstart, with the crypto you borrow by pledging your existing assets. This low-risk option allows you to enjoy high returns without exposing your portfolio to market volatility.
What is Loan-To-Value (LTV) ratio?
LTV ratio is calculated by dividing the loan amount by the collateral amount. It is expressed as a percentage. If you pledge BTC and ETH worth $1 million altogether and borrow $600,000 of USDT, then your LTV ratio is 60/100 x 100%, which equals 60%.
How is the interest calculated if I submit a loan order?
Interest on flexible loans is calculated every hour. Hourly interest = (Principal borrowed + Interest accrued) × Current interest rate.
How do I pay the loan interest?
You can pay the interest the same time as the principal, or pay the interest first and the principal later.