Announcements Gate Institutional Loan Program, with up to $10 Million Interest-Free Loans for VIP clients

Gate Institutional Loan Program, with up to $10 Million Interest-Free Loans for VIP clients

2024-07-08 02:07:15 UTC 13387 Read

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Gate.io has officially launched an institutional loan program, offering highly competitive loan services to VIP clients.

### Target Customers: 
The program is open to all institutional customers. Gate.io will provide interest-free loans (up to 10 million) to clients who have met open-interest requirements and unified account's initial margin requirement. The loan is provided at first and then assessed through monthly performance evaluations.

### Key Advantages:
● With sufficient collateral (meeting the initial margin requirements of the unified account), you can get **up to $10 million interest-free loans**.
● Collateral can still be freely traded in spot or derivatives markets.
● The unified account loan system (institutional loan) supports multiple cryptocurrencies as collateral (Each cryptocurrency has its own discount factor. Please refer to this link for more information: https://www.gate.io/loan-info).
● Users can enjoy up to $10 million interest-free loans by reaching open interest requirement.

| Tier  | Monthly Interest-free amount ($) | Derivatives Open Interest ($) |
|------|---------------------------------|-------------------------------|
|tier 1 | Up to 10 M                      | >30 M daily average           |
| tier 2 | Up to 6 M                       | >18 M Daily average          |
| tier 3 | Up to 3 M                       | >9 M Daily average           |
| tier 4 | Up to 1 M                       | >3 M Daily average           |

**Note:**
● A performance evaluation will be conducted at the end of each month. If participants fail to meet the requirements, they will need to pay the corresponding interest at the pre-agreed rate.
● Interest will be charged in the second month based on the performance of the first month. The portion of the loan that failed to meet the requirement will be charged at the pre-agreed interest rate. This pre-agreed interest is fixed for three months. 
● If repaid early, 20% of the interest due for the remaining period will be charged.

### Registration: 
Please contact your account manager or the Gate Institutional representative to register. Telegram contact information: @KA_EMEA, @KA_APAC.

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Gate.io Team
July 8, 2024

Gate Institutional Loan Program, with up to $10 Million Interest-Free Loans for VIP clients

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