Huobi Loan FAQ

 Trading FAQs    |      2021-01-08

Q1. Who can use Huobi Loan?

Huobi Loan is a service in which you can collateralize your crypto and borrow other crypto assets to meet your needs instantly. Your account must be KYC-verified.

 

Q2. What digital assets can I borrow?

You can borrow a variety of digital assets, including USDT, HUSD, BTC, ETH, etc. The details are subject to the display on the product page.

 

Q3. What digital assets are supported collateral assets?

You can use a variety of digital assets as collateral assets, including BTC, USDT, ETH, HT, HPT, etc. The details are subject to the display on the product page.

 

Q4. How long are the loan terms?

Loan terms of 30, 45, 90 and other days are available, and you can make repayments at any time. 

 

Q5. How is the interest charged?

The interest is charged based on hours of use, and less than 1 hour is counted as 1 hour. The daily fee rate is visible on the product display page, hourly fee rate= daily fee rate / 24. Interest= borrowed assets × hourly fee rate × borrowing duration.

 

Q6. How do I repay my loan?

You can repay the principal and the interest on the order page. The interest will be paid off first before the principal.

 

Q7. Can I make an early repayment?

You can always repay in advance, and the interest is charged based on hours of use. 

 

Q8. What is Loan-to-Value (LTV) ratio?

The Loan-to-Value (LTV) ratio is a financial term used to express the ratio of a loan to the value of the collateral. The value of digital assets is calculated using the index price. Different collateral cryptocurrencies have different initial LTVs. Initial LTVs determines the initial amount of digital assets that can be borrowed.

 

Q9. What happens if my LTV is too high?

If your LTV is higher than margin call LTV, we will notify you to add collateral or repay the loan. If your LTV is higher than liquidation LTV, force liquidation might happen to repay the loan.When the System cannot perform forced liquidation due to drastic price fluctuations or the digital assets loan and related fees cannot be paid off after forced liquidation or other losses are caused to the Platform, the Platform shall have the right to continue to claim compensation from you or to transfer the corresponding assets in your exchange account to pay off the outstanding loan principal and interest or to compensate for other losses of the Platform.

 

Q10. How can I adjust my collateral?

You can adjust collateral on the order page. You can add collateral at any time. When your LTV is lower than initial LTV, you can remove some of the collateral.

 

Q11. What happens if your payments are overdue?

The platform allows up to 7 days to be overdue. During the overdue period, 3 times the interest will be charged. If the payment is still not repaid after the overdue period, force liquidation will happen to repay the loan.

 

Q12. Can I use the digital assets I borrow to trade in Spot exchange, Margin and Futures? Can I withdraw them?

You can use the digital assets you borrow to trade in Spot exchange, Margin and Futures. And you can withdraw them.

 

*Huobi Global reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.