• General Information
• Borrow and Supply
• Interest and Repayment
• LTV and Liquidation

 

 

 

 

General Information

What is Crypto Loans on Bybit?

Crypto Loans is an overcollateralized 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.

 

 

 

What is the difference between Flexible and Fixed Rate Loans?

 

 

 

 

Who can use the Crypto Loans service?

To use Crypto Loans, you must:

• Complete at least Standard Identity Verification or Business Verification.

• Have assets in your Funding Account to use as collateral.

• Meet the minimum order requirement.

 

 

 

What can I do with the borrowed assets?

There are no restrictions on how you use borrowed assets. You can trade Spot or Derivatives on Bybit, invest in financial products, or even withdraw the assets to an external platform.

 

 

 

Which account can I use for Crypto Loans? Is it available in Subaccounts?

Crypto Loans are available through your Funding Account. This account handles collateral deduction, credits borrowed funds, processes repayments, and returns collateral, giving you the flexibility to manage both your collateral and borrowed assets as needed. Crypto Loans are also supported in Subaccounts.

 

 

 

 

 

 

Borrow and Supply

What assets can I borrow or use as collateral on Crypto Loans?

Crypto Loan supports a wide range of cryptocurrencies for both borrowing and collateral, including USDT, BTC, ETH and more. Check out the Crypto Loans Data page for the full list.

 

 

 

What is the borrowing limit on Crypto Loans?

Your maximum borrowable amount depends on the value of your collateral and the borrowing cap for each asset. More details can be found in the Loan-to-Value Ratio and Liquidation (Crypto Loans) article and on the Crypto Loans Data page. Please note that this limit is shared across both Flexible and Fixed Rate Loans, as well as across your Main Account and Subaccounts.

 

 

 

Are there any fees for Crypto Loans?

• For borrowers: You'll need to pay interest and, if applicable, any overdue interest. In the event of liquidation and forced repayment, a 2% liquidation fee will apply.

• For suppliers (Fixed Rate Loan): You'll earn interest from the borrower on the loan settlement date. A 10% management fee will be deducted from your interest earnings, and a 30% management fee will apply to any overdue interest earned.

 

 

 

Where can I check my loan orders?

You can view your loan orders by going to My Dashboard on the Crypto Loans homepage. There, you'll find all the details of your borrowings, repayments, collateral and any interest accrued.

 

 

 

Can I cancel my Fixed Rate Loan order?

Yes, you can cancel your order, but only if it remains unfilled. For partially filled orders, you can still cancel the unfilled portion. Once the order is fully filled, it can no longer be canceled.

 

 

 

When will I get back my principal and interest as a supplier?

You'll receive your principal and interest once the loan duration ends or the overdue period concludes. If the borrower repays early, your funds will still be returned on the scheduled settlement date.

 

 

 

Can I redeem my funds early as a supplier?

No, you can't redeem your funds early unless your order remains unfilled. Once the order is filled, the funds will be locked in for the agreed duration.

 

 

 

Will my Fixed Rate Loan order be filled by one counterparty or multiple?

Your order may be filled by one or multiple counterparties, depending on the demand and supply in the market. The system will match your order with offers that meet your conditions or provide a better rate.

 

 

 

What happens if my Fixed Rate Loan order is filled by multiple counterparties at different times?

If your order is filled in parts by different counterparties at different times, each portion will have its own settlement time, calculated from when that part was filled. The overall LTV will be based on the total amount borrowed and total collateral provided. Repayment will follow the terms and timing of each individual portion.

 

 

 

Can I adjust the collateral for my loan orders?

Yes, you can increase or decrease your collateral from My Dashboard. Crypto Loans operates in Cross Margin mode, meaning all your collateral is shared across all your loan orders, including both Flexible Rate Loan and Fixed Rate Loan orders.

• Increasing collateral lowers your LTV ratio and helps reduce liquidation risk. There's no collateral limit, so you can add as much collateral as you like.

• Decreasing collateral is allowed only if your current LTV ratio is below the initial LTV. You can reduce it up to the amount that would bring the LTV back to its initial level.

 

For more details, refer to How to Get Started With Crypto Loans.

 

 

 

 

 

 

Interest and Repayment

How is loan interest calculated?

• Flexible Rate Loan: The interest rate is variable and updates every hour. Interest is compounded and calculated on an hourly basis.

• Fixed Rate Loan: The interest rate is locked in when your loan order is confirmed. Interest is charged upfront based on this fixed rate and won't be refunded even if you repay early.

 

For more information, check out Introduction to Crypto Loans.

 

 

 

How do I repay the principal and interest?

Please refer to How to Get Started With Crypto Loans for step-by-step instructions.

 

 

 

Can I repay all or part of my loan early?

Flexible Rate Loan can be repaid at any time, either in full or in part. Interest is calculated based on the actual borrowing duration, and any period less than one hour is rounded up to a full hour.

 

For Fixed Rate Loan, early repayment is also supported, but only in full — partial repayments are not allowed. Please also note that the interest charged upfront when the loan was confirmed is non-refundable.

 

 

 

Can I repay the loan in a different asset than the one I borrowed?

No, repayments must be made in the same asset that was borrowed. For example, if you borrowed USDT, you'll need to repay it with USDT.

 

 

 

Can I repay a loan using my collateral?

No, repayment using collateral isn't currently supported. Collateral can only be returned once all your loan orders have been fully repaid. To complete repayment, you'll need to have enough of the borrowed asset in your Funding Account. However, we're working to support collateral repayment in the near future.

 

 

 

Will my loan be repaid automatically when it's due?

• Flexible Rate Loan doesn't support auto-repayment, as they have no fixed term.

• For Fixed Rate Loan, you can enable Auto-Repay to automatically use assets from your Funding Account to repay your loan upon expiry. Make sure your account has enough funds to cover the full repayment; otherwise, the automatic repayment will fail.

 

 

 

What happens if my loan repayment is overdue?

For Fixed Rate Loan, Bybit offers a 24-hour grace period for overdue loans. During this time, a penalty interest — three times the regular rate — will be charged on an hourly basis. If the loan is not repaid within the grace period, your collateral will be automatically liquidated to cover the loan and any accrued penalties. A 2% liquidation fee will apply, and any remaining collateral will be returned to your Funding Account.

 

 

 

Why didn't I receive my collateral after making a repayment?

If you have more than one loan order, your collateral will only be returned once all orders are fully repaid. This is because Crypto Loans operates in Cross Margin mode, where your collateral is shared across all loan orders to help reduce the risk of liquidation. If needed, you can choose to reduce your collateral — up to the amount that would bring your LTV ratio back to the initial level of 80%.

 

 

 

Why didn't I receive my principal and interest on the settlement date for my supply order?

This can happen if the borrower didn't repay within the agreed repayment period. In such cases, a 24-hour grace period applies. You'll receive your funds — including any overdue interest (calculated at three times the regular rate), minus management fees — within 24 hours after the settlement date.

 

 

 

Do I need to repay Flexible and Fixed Rate Loans separately?

Yes, Flexible and Fixed Rate Loans must be repaid separately.

 

 

 

 

 

 

LTV and Liquidation

What is the loan-to-value (LTV) ratio?

The loan-to-value (LTV) ratio is the ratio of the loan amount to the value of the collateral you provide. The collateral value is calculated based on Bybit's last traded price and its tiered collateral value ratio. For more details, refer to Loan-to-Value Ratio and Liquidation (Crypto Loans).

 

 

 

Is the LTV calculated separately for Flexible Rate Loan and Fixed Rate Loan?

No, the LTV is calculated as a whole for both Flexible and Fixed Rate Loans under Cross Margin mode, using the following formula:

 

LTV = Loan amount / Collateral amount

Loan Amount = Outstanding principal + Outstanding interest + Outstanding overdue interest (if any)

 

The loan amount and collateral amount represent the combined totals across all your Flexible and Fixed Rate Loan orders.

 

 

 

How is LTV calculated if I have legacy Crypto Loans and Fixed Rate Loan orders?

Any orders placed before the launch of the new Crypto Loans system follow the previous LTV rules and won't be included in the LTV calculation for the new system. Any new borrowings will fall under the updated LTV framework.

 

For example, if you only have one legacy Crypto Loan or Fixed Rate Loan order, it won't be affected and will continue to follow the original rules, including LTV. However, if you wish to place a new borrow order, you'll need to do so through the new Crypto Loans system. The legacy system only supports managing existing orders, and their LTV will not be combined with that of the new system.

 

 

 

What happens if my LTV ratio keeps rising?

If your LTV ratio continues to rise, the following may occur:

• Margin Call: If the LTV reaches the Margin Call LTV (85%), you'll receive a notification via email, SMS and push alert. You'll be prompted to either add more collateral to your Funding Account or repay the borrowed assets.

• Liquidation: If the LTV reaches the Liquidation LTV (92%), your collateral will be liquidated to fully repay the loan and any accrued interest.

 

Note: It's highly recommended to monitor your account regularly, as risk alerts may experience delays or glitches. Bybit is not responsible for any liquidations caused by issues with the alert system.

 

 

 

 

For more information on Crypto Loans, refer to the following articles:

• Introduction to Crypto Loans

• How to Get Started With Crypto Loans

• Loan-to-Value Ratio and Liquidation (Crypto Loans)