The amount of loan a user can borrow is based on the leverage and margin he/she has in the margin account. Margin trading is an acceptable form of trading using borrowed funds from a third-party/exchange to magnify the investment through leverage. For example, if a user has 100 USDT, he/she can borrow up to 600 USDT which is equivalent to 6 times the principal sum.
To find out about the fees and interest rates, kindly refer to "Margin Fee & Interest Rate Guide".
2.1) Click the ‘Loan/Repay' for a pop-up panel. Next, select ‘Loan’.
2.2) The system will show the amount available for borrowing based on the principal amount. First, select the asset you wish to borrow. Next, enter the loan amount and click the ‘Loan’ button to proceed. Once you have secured your loan, click the ‘Margin’ button to begin margin trading.
Alternate ways to enter loan panel:
In the Cross Margin trading page, click the menu icon and select 'Loan' or click ‘Loan/Repay’ and select ‘Loan’ shown in screenshot2.