Explore the differences between Binance Flexible, Fixed Rate, and VIP Loans to choose the best crypto loan for your strategy.
Learn how to convert Binance Fixed Rate Loans to a Flexible Rate Loan at expiry to avoid liquidation and extend your borrowing timeline*.
Understand the pros and cons of each Binance Loan product so you can borrow crypto with confidence and capital efficiency.
*Conversion to a Flexible Rate Loan is at Binance’s sole and absolute discretion and not automatic. If Binance declines to convert a Fixed Rate Loan to a Flexible Rate Loan, users should be aware that they are still required to repay their Fixed Rate Loan in full on the original maturity date and it is entirely up to the user to monitor whether their conversion request is accepted. Binance bears no responsibility for users’ failure to repay their Fixed Rate Loan in full in the event that their request is not accepted.
This is a general announcement. Products and services referred to here may not be available in your region.
Binance now lets you convert Fixed Rate Loans into Flexible Loans at expiry**, giving you more time and helping you avoid liquidation if you’re not ready to repay. But that’s just one part of the picture. Whether you’re borrowing $100 or managing a high-volume trading strategy, Binance offers three distinct loan products — from fast, flexible borrowing to large-scale credit lines. Read on to find out which one’s right for you!
**For the avoidance of doubt, the Flexible Rate Loan Services offered to users as part of any conversion of a user’s Fixed Rate Loan to a Flexible Rate Loan, are entirely separate and independent of Binance’s Flexible Loan product as further detailed here. The Flexible Rate Loan Services offered to users as part of any conversion of a user’s Fixed Rate Loan to a Flexible Rate Loan are strictly governed by the terms of use of Binance Fixed Rate Loans.
From flexible borrowing for retail users to advanced credit lines for high-volume traders, Binance offers a range of loan products to suit different goals, risk profiles, and trading strategies. Whether you’re borrowing $1 or managing millions in crypto, you can choose the option that fits your needs. Let’s take a closer look at each loan type:
Borrow instantly with no fixed term. You can borrow from as little as $1 using assets under Simple Earn Flexible Products as collateral, repay anytime, and continue earning rewards on your collateral while your loan is active.
Loan Term: Flexible
Interest Rate: Variable (updates by the minute)
Collateral Location: Locked in your Earn Account
Collateral Type: Single asset
Minimum Borrow Amount: $1
Subaccount Support: Not supported
Key Benefits:
Instant borrowing and repayment flexibility
Collateral continues to earn rewards
Fixed Rate Loans let you set your own interest rate and loan term, so your borrowing costs are locked in from the start — ideal for larger or time-sensitive positions.
Loan Term: Fixed
Interest Rate: Customizable and fixed for the entire term
Collateral Location: Managed by Binance (when orders matched)
Collateral Type: Multi-asset
Minimum Borrow Amount: $50,000
Subaccount Support: Supported
Key Benefits:
Predictable borrowing costs and repayment timeline
Option to convert to Flexible Rate Loan at expiry (terms apply)
Designed for high-volume users, VIP Loans offer large borrowing limits, flexible terms, and the ability to trade with your collateral still in your Spot Account.
Loan Term: Fixed or Flexible
Interest Rate: Depending on Market Demand
Collateral Location: Tradable in your Spot Account
Collateral Type: Multi-asset
Minimum Borrow Amount: $500,000
Subaccount Support: Supported
Key Benefits:
Collateral remains open to use
Delayed liquidation and no early repayment penalties
All three Binance loan products let you borrow against your crypto, but each comes with its own strengths, trade-offs, and ideal use cases.
Flexible Loans are the most accessible. There’s no fixed term, no minimum size, and no repayment schedule. You can borrow from as little as $1 and repay whenever you like, all while your collateral under Simple Earn Flexible Products continues to generate yield. The trade-off? The interest rate fluctuates constantly, making it harder to predict costs. That makes this option better for simple, short-term needs than complex borrowing strategies.
Fixed Rate Loans provide certainty. You lock in your rate and term upfront, so your costs are predictable — great for larger sums or long-term planning. But this structure is less flexible: if you can’t repay by expiry, you may face late fees or liquidation. That’s why Binance now offers the option for users to submit a request to convert to a Flexible Loan at expiry (terms apply).
VIP Loans are built for high-volume traders who want more control. Your collateral stays in your Spot Account, so it remains tradeable during the loan period. You also benefit from higher limits, delayed liquidation, and no penalties for early repayment. The catch? You’ll need VIP status and solid capital to qualify, and active borrowing still requires close monitoring.
One of the most practical updates to Binance Loans is the ability to convert a Fixed Rate Loan into a Flexible Rate Loan at expiry. If you’re not ready to repay when your term ends, this feature gives you a way to keep your position open and avoid liquidation.
When you request a conversion, your loan becomes open-term, with interest accruing hourly at the current Flexible Rate. It’s a helpful option if you need more time or are navigating volatile conditions. You can enable this when placing a Fixed Rate Loan by selecting “Convert to Flexible Rate” as your repayment method. If the loan is already active, you can update the setting via your [Ongoing Orders].
It’s important to note that conversion isn’t guaranteed. Binance will review your request and may decline it at its discretion. If not approved, you’ll still need to repay by the original expiry date to avoid fees or liquidation. For users who want the predictability of a fixed term with a backup plan, this feature adds a layer of flexibility.
Borrowing in crypto has evolved. Whether you’re looking for speed, stability, flexibility, or scale, Binance offers more than just one way to access capital.
You might start with a Flexible Loan to grab quick liquidity while earning. Later, you might switch to a Fixed Rate Loan to lock in costs for a larger position — and if the market shifts or plans change, you now have the option to convert that to a Flexible one at expiry. As your strategy matures, VIP Loans can open the door to higher limits, smarter risk management, and more efficient use of your capital.
The point is: you’re not boxed into a single model. With Binance Loans, you can tailor the experience to your needs, and adjust as those needs evolve. It’s borrowing built for how you actually trade. So whether you’re just starting to explore loan-based strategies or running a high-volume desk, the right tools are already here. The choice is yours.
Risk Disclaimer: Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. Binance is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning.
