Question 1

What is Premier Loans?

Accepted Answer

Premier Loans is a customized crypto loan service for institutional and VIP users, allowing you to borrow cryptocurrencies using your HODLed assets as collateral.,This service allows users to leverage their existing assets to quickly access funds when market opportunities arise, improving capital efficiency.

Question 2

What are the requirements for Premier Loans?

Accepted Answer

Users with a VIP level of 3 or higher can enjoy Premier Loans services and privileges.,If you are not a VIP user, or if your VIP level is below 3 and you are interested in Premier Loans, please contact customer service with your application details and Bitget user ID.,Your Premier Loans order must be at least $250,000, and the total asset value in your Bitget account must meet a minimum LTV requirement of 70%.

Question 3

What are the terms for supported loan?

Accepted Answer

We currently support loan terms of 30, 60, 90, 180, and 365 days.

Question 4

How is interest calculated?

Accepted Answer

Interest accrues hourly, with any period less than one hour counted as a full hour.,Interest = principal × (daily interest rate ÷ 24) × loan duration (accruing interest on an hourly basis).

Question 5

What is LTV?

Accepted Answer

LTV = (loan amount to be repaid + interest to be repaid) ÷ total collateral,We set three LTV ratio levels for better risk control:,Initial LTV: Determines the maximum loan a user can receive based on their collateral.,Margin call LTV: When LTV reaches this level, it indicates high risk for the loan. Users will be notified to add more collateral.,Liquidation LTV: When LTV reaches this level, the position will be liquidated. Collateral will be sold to repay the debt, and the user will be notified.

Question 6

Can I repay in advance?

Accepted Answer

Yes, you may repay at any time. A service fee will apply based on a percentage of the estimated interest that the repaid principal would have accrued during the remaining loan period.

Question 7

What happens if I fail to repay on time?

Accepted Answer

If repayment is late, the overdue portion will incur a penalty interest rate of 200% of the original loan interest rate. The penalty will accrue based on the standard interest calculation formula.

Question 8

What are the consequences of liquidation or inadequate collateral?

Accepted Answer

The order will be liquidated when the LTV ratio reaches the liquidation threshold, and the collateral will be sold to repay the loan.,If the collateral is insufficient (i.e., the value of the collateral is less than the total debt), the loss will be covered by the Crypto Loans' insurance fund.

Premier Loans

Our advantages

Premier Loans application process

Submit application

Confirm loan info

Complete loan

FAQ