1. There is a preparation period for Binance Lending Service before the purchase begins. When the purchase begins, you can choose the available item to purchase.
There will be a detailed description on the product page;
- Lot Size: Price per lot.
- Maximum Subscription: Maximum lots you can purchase.
- Coupon Per Lot: Interest you will receive per lot after redemption.
- Value date: The day we start to calculate interest.
- Redemption Date: The day we distribute the interest and the equity.
2. Please make sure that there are enough assets in the exchange account to make the purchase. (Assets in pending order and Margin account are not eligible.)
According to the amount you are going to purchase, our system will automatically calculate the interest you will receive after redemption.
3. After a successful purchase, our system will deduct the corresponding amount from your balance, you can check the detail in the "Assets" Page
4. When it reaches due date, redemption will happen automatically. The principal and interest will be distributed to your account at once, you can see them in your "Balance" page.
*BNB used in purchase will be included in Daily BNB Balance Calculation