FlexibleNEW

Fixed
Active loans

History

1. Select a loan type

Single-collateral Loan

Pledge one asset only and manage your loan orders separately

Multi-collateral Loan

Pledge different assets to borrow and manage your collateral in one loan order
2. Enter loan and collateral details
Loan

Max.

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USDT

0.00001 USDT ~ 1,000,000 USDT

Collateral
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BTC

Funding account balance: 0 BTC

24h APY
2.93%
Note: The product has a floating interest rate, which is updated hourly.Historical APY
Liquidation price
(BTC/USDT)
-- USDT
Current LTV
65%
Margin call
80%
Liquidation level
--

How to borrow crypto

    Submit loan request
    Receive loan
    Repay loan
    Receive collateral
FAQ
Flexible
Fixed
  • Which cryptos are supported for flexible-term loans?
    We support over 10 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 of 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 of 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%.
  • What's the difference between flexible-term loans and fixed-term loans?
    • (1) Cryptos supported: Fixed-term loans only support BTC and USDT, while flexible-term loans support over 10 cryptos.
    • (2) Interest calculation rules: Fixed-term loans accrue interest every daily on a fixed rate; flexible-term loans accrue and update interest every hour.
    • (3) Repayment rules: Fixed-term loans shall be repaid on time, and we'll charge a fee for early repayments. Flexible-term loans can be repaid any time, and no other fees are incurred for early repayments.
  • How is the interest calculated if I submit a loan order?
    Interest for 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.

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  • How to calculate interest if I submit a Bitcoin loan order?
    The bitcoin loan interest is calculated based on the calendar day (UTC+8). The interest will be calculated on the day of successful borrowing until the repayment date (the interest will be calculated for one day if it is less than one day).
  • How to calculate interest after overdue?
    Remaining funds = collateral amount * closing price-borrow amount * daily interest * borrow days-borrowing amount *overdue days * daily interest * 110%
  • Will there be a penalty for early repayment?
    Early repayment penalty = loan amount * daily interest rate * (planned investment days-actual investment days) * 50%
  • What should I do if the loan is overdue?
    After overdue, the interest will be calculated according to the agreed interest 110%, overdue 3 days (natural day), will be forced to close the position, sell the mortgage after repayment of principal and interest to the lender, the remaining funds will be returned to the borrower.

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