Announcements Gate.io Crypto Loan: Use Simple Earn Funds as Collateral to Achieve 0% Interest Loans

Gate.io Crypto Loan: Use Simple Earn Funds as Collateral to Achieve 0% Interest Loans

2024-08-05 07:02:10 UTC 40393 Read

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![](https://gimg2.gateimg.com/image/article/1722840387usdt_mail_en.png)
Dear users, through Gate.io Crypto Loan service, users can not only use idle assets as collateral to obtain additional funds for investment transactions without selling assets, but also use Simple Earn funds as collateral. **Enable Simple Earn Funds Serve as Crypto Loan Collateral, allowing you to enjoy zero-interest loans and even earn extra income!**

**Let's take an example:** User A holds BTC but does not want to sell it in the current market, and wants to obtain USDT for investment transactions. In this case, user A only needs to use BTC as collateral to borrow USDT through Gate.io Crypto Loan.

Assuming the current annual interest rate for USDT loans is 2.63% (daily interest rate is 0.007%), if user A borrows 10,000 USDT, he only needs to pay 0.7 USDT in interest every day.

**If [Simple Earn Funds Serve as Crypto Loan Collateral] is enabled:** User A can earn the interest on the BTC collateral in Simple Earn while borrowing. When the yield exceeds the loan interest, zero-interest borrowing becomes possible, with the potential to earn extra profits!

**(1) Learn More** [About Using Simple Earn Funds as Collateral](https://www.gate.io/announcements/article/37401 "About Using Simple Earn Funds as Collateral")
**(2) Click to Enable** [Finance > Crypto Loan > Simple Earn Funds Serve as Crypto Loan Collateral](https://www.gate.io/cryptoloan "Finance > Crypto Loan > Simple Earn Funds Serve as Crypto Loan Collateral")
![](https://gimg2.gateimg.com/image/article/1722840459twi_en.png)
**Note: **Users should be fully aware of the risks of price fluctuations of digital assets when using Crypto Loan. Please exercise caution and manage risks. Users in the UK and other Restricted Locations cannot access this service (please see [the User Agreement “Section 2.3(d) Restricted Locations”](https://www.gate.io/zh/user-agreement "the User Agreement “Section 2.3(d) Restricted Locations”")).
<sp>
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Gate.io Team
August 5th, 2024

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