Binance Extends Lite Loan Promotion With 50% Service Fee Reduction

According to the announcement from Binance, the exchange is extending its Lite Loan promotion and will continue offering a 50% reduction on the Lite Loan service fee during the Promotion Period. The promotion runs from 2026-09-03 10:00 (UTC) to 2026-10-04 23:59 (UTC). During this period, the upfront service fee for Lite Loan will be reduced to 0.5% from the standard 1% rate. Binance said the promotional rate applies only to Lite Loan orders initiated successfully during the Promotion Period, and the service fee is deducted upfront from the loan amount at the time of borrowing. After the Promotion Period ends, the fee will return to the standard 1% rate. Lite Loan is described as a fixed-term lending product that allows users to borrow up to 1,000 USDT using BTC as collateral. The announcement also states that the product does not have price-triggered liquidation during the initial 30-day Loan Term, and that BTC collateral continues generating rewards in Simple Earn Flexible Products while the loan is active. Binance said the fee structure is designed as a flat upfront charge with no additional interest during the loan term. Binance said eligible users can participate by going to the Lite Loan page, selecting [Borrow Now], entering the borrow amount, ensuring sufficient collateral is available, and confirming the terms to receive funds instantly. The announcement states that the promotion is available only to users eligible to use Binance Lite Loan who complete account verification, and that access may be restricted in certain jurisdictions or regions depending on legal and regulatory requirements. Only new Lite Loan orders placed during the Promotion Period are eligible, while existing orders placed before the Promotion Period will not be counted. Binance also said the upfront service fee is non-refundable, including in the event of early repayment, and that only master accounts are eligible to participate in Lite Loan borrowing.