Crypto Loans is an over-collateralized loan service designed to meet your liquidity needs. It offers both flexible and fixed rate loans at competitive interest rates. By using your crypto as collateral, you can borrow funds without selling your holdings, which is ideal if you believe your assets will appreciate over time and prefer to hold them long-term.
Advantages of Crypto Loans
- Seamless liquidity access: Tap into new opportunities without selling your crypto, keeping your portfolio intact and poised for growth.
- Ultimate collateral flexibility: Use a variety of assets as collateral and add as much as you want to minimize the risk of liquidation.
- Improved capital efficiency: Leverage Cross-Margin mode to optimize your capital efficiency and simplify risk management.
- Full control of funds: Use borrowed funds for any purpose on Bybit, or withdraw them to cash out.
- Flexible repayment: Borrow and repay at your convenience, with no restrictions.
Similarities and Differences Between Flexible and Fixed Rate Loans
| Flexible Rate Loan | Fixed Rate Loan |
Loan Supplier | Bybit | Supplier |
Interest Rate | Floating interest rate, updated and compounded hourly | Set by the borrower/supplier, locked in when the loan order is confirmed |
Duration | Flexible term | Fixed term (7, 14, 30, 60, 90 or 180 days) |
Collateral | Multi-asset collateral
The collateral is shared among all Flexible and Fixed Rate Loan orders. | Multi-asset collateral
The collateral is shared among all Flexible and Fixed Rate Loan orders. |
Collateral Limit | No limit | No limit |
Loan-to-Value (LTV) Ratio | Initial LTV: 80% Margin Call LTV: 85% Delayed Liquidation: 93% Liquidation LTV: 95%
The LTV is calculated under Cross Margin mode by dividing the total loan amount across all loan orders by the total collateral value. Flexible and Fixed Rate Loan orders are combined and calculated as a whole. | Initial LTV: 80% Margin Call LTV: 85% Delayed Liquidation: 93% Liquidation LTV: 95%
The LTV is calculated under Cross Margin mode by dividing the total loan amount across all loan orders by the total collateral value. Flexible and Fixed Rate Loan orders are combined and calculated as a whole. |
Loan Repayment | Manual repayment | Auto, convert to flexible rate and manual repayment
Early repayment is supported, but the interest paid is non-refundable. Loan renewal is also supported. |
Services | Borrow | Borrow & Supply |
Grace Period | NA | 24 hours
Interest Rate: 3x hourly interest rate applies. |
Subaccount Supported | Yes
Your Main Account and Subaccounts share a single borrowing limit. | Yes
Your Main Account and Subaccounts share a single borrowing limit. |
To learn more about how the Flexible and Fixed Rate Loans work, refer to the Flexible Rate Loan or Fixed Rate Loan tab.