Bybit Lite Loan is a fixed-term crypto loan that allows you to borrow USDT or USDC using BTC or ETH as collateral, without selling your BTC or ETH. You can borrow from 10 to 1,000 USDT / USDC for 30 days. The initial loan-to-value (LTV) ratio is 50%.
An upfront service fee is deducted from the loan amount when your order is processed. During the initial 30-day loan term, changes in the collateral price alone will not trigger liquidation. You can repay your loan in part or in full before it is due.
Advantages of Bybit Lite Loan
- Keep your BTC/ETH: Access USDT/USDC without selling your collateral holdings.
- Know your borrowing cost upfront: The service fee and the amount you will receive are shown before you confirm the order.
- No price-triggered liquidation during the 30-day loan term: Market price movements alone will not liquidate your collateral during the first 30 days.
- Flexible repayment: Repay part or all of your loan before the due date.
Key Features
Note:
— During the first 30 days after the loan begins, fluctuations in the collateral value will not trigger liquidation.
— Once the loan becomes overdue, it will be liquidated if the Loan-to-Value (LTV) ratio reaches or exceeds the liquidation threshold of 91%.
— Any loan that remains overdue for more than 30 days will also be liquidated, regardless of its LTV ratio.
— A 2% liquidation fee will apply if the loan is liquidated regardless of LTV or overdue more than 30 days.
— If your collateral is converted to repay the loan, a repayment fee of 2% will be applied. The conversion rate will be calculated based on the Index Prices of both the collateral asset and the debt asset.
Overdue Loans and Liquidation
If a loan is not repaid by its due date, an overdue period of up to 30 days begins. Penalty interest accrues daily at an annualized rate of 36% on the outstanding loan amount.
Daily Penalty Interest = Outstanding Loan Amount × annualized rate ÷ 365
During this period, Bybit may liquidate the collateral if the LTV reaches 91% or if the loan remains unpaid at the end of the 30-day overdue period, whichever occurs first. An LTV warning applies at 85%, and a 2% liquidation fee applies if the collateral is liquidated.
Protection from price-triggered liquidation applies only during the initial 30-day loan term. Please review your order details and repay the loan on time.