Hoo Exchange has introduced a groundbreaking "First-Time USDT Loan Interest-Free" promotion starting September 20 to enhance user experience. After updating the app version, eligible users can enjoy zero interest on their first USDT loan under these conditions:
- Loan amount ≤ 300 USDT
- Loan duration ≤ 90 days
Hoo Exchange Crypto Lending Explained
Our collateralized lending service provides fast, convenient digital asset-backed loans to solve urgent funding needs. Key features include:
- Daily interest rates as low as 0.03%
- Supported collateral: BTC, ETH, EOS, HC, USDT, BCH, LTC, and more
- Instant approval process
- Competitive loan-to-value ratios
Step-by-Step Lending Guide
- Navigate to the "Loan" section in the app
- Select your desired cryptocurrency
- Click "Quick Loan"
Enter:
- Loan amount
- Repayment terms
- Confirm with transaction password
- Receive funds directly in your wallet
Critical Risk Management Tips
👉 Secure your loans with proper collateral management
- Margin Requirements: System automatically freezes assets as collateral based on loan amount
Price Volatility Protocols:
- Warning threshold: 120% collateral-to-loan ratio
- Liquidation threshold: 110% ratio
- Default Penalties: 5% daily fee on overdue amounts
Collateral Ratios & Interest Rates
| Asset | Collateral Ratio | Daily Interest |
|---|---|---|
| USDT | 75% | 0.03% |
| BTC | 70% | 0.05% |
| ETH | 55% | 0.05% |
| BNB | 55% | 0.05% |
| OKB | 60% | 0.05% |
FAQ Section
Q: Who qualifies for the interest-free promotion?
A: First-time borrowers taking ≤300 USDT loans for ≤90 days.
Q: How are liquidation warnings communicated?
A: Through in-app notifications when collateral value drops to 120% of loan value.
Q: What happens during liquidation?
A: Positions are automatically closed when collateral hits 110% of loan value to protect both parties.
👉 Learn advanced crypto lending strategies
Q: Can I extend my loan term?
A: Yes, but extensions incur standard interest rates after the promotional period.
Q: How is collateral value calculated?
A: Based on real-time market prices of pledged assets.
Q: Are there prepayment penalties?
A: No, you can repay early without additional fees.
Note: This promotional offer may be modified based on market conditions. Always review current terms before borrowing.