Premier Loans is a tailored crypto loan service that offers personalized rates and borrowing limits. You can use your long-term crypto holdings as collateral to borrow other digital assets. This allows you to unlock more value from your assets and access funds quickly. Follow this guide to get started.

1. Submit an Application

2. View Your Application

3. Place an Order

4. View Your Loan

5. Repay Your Loan

6. Renew Your Loan

7. Adjust Your Collateral

Submit an Application

Step 1: Log in to the Bybit App and go to More → Finance → Premier Loans to access the Premier Loans page.

Step 2: Tap Apply Now and complete the required information:

1. Duration: Choose from 7, 14, 30, 60, 90, or 180 days, depending on the asset type.
2. Borrow token and amount: The minimum borrowable amount is $300,000 equivalent. The maximum amount depends on your total collateral across Crypto Loans and your Funding Account.
3. Preferred rate: Enter your preferred rate. You may refer to the recommended market rate for reference.
4. Contact details: Provide your Telegram, WhatsApp, email, or WeChat contact information.

Once completed, tap Confirm Premier Loans application to submit your application for review.

Note: If you are a VIP or Institutional user with a dedicated Relationship Manager (RM), please contact your RM before submitting your application for a smoother process.

Step 3: After submission, you will be redirected to the application page. Your application is now under review.

View Your Application

To view your applications, go to the Premier Loans homepage and tap My orders.

You will see two tabs:

1. Active: This tab displays applications that are either Under review or Ready to borrow. Each application shows key details, including the borrow amount, duration, APR, and submitted contact information. For applications with a Ready to borrow status, additional details such as the approved amount, approved APR, and expiration date will also be displayed.
2. Application History: This tab shows your past applications, including successfully borrowed loans, as well as applications that were rejected or expired before borrowing.

Place an Order

Step 1: Once your application is approved, go to the Active tab and tap Borrow to begin the borrowing process.

Note: Approved applications are valid for 24 hours. If you do not proceed with borrowing within this period, the application will be automatically canceled.

Step 2: The system will automatically select the minimum required collateral for your loan.

If you want to change the collateral asset or add more collateral, tap the Collateral section to make adjustments, then tap Confirm to apply the changes. You can also update your collateral at any time from the Crypto Loans dashboard.

Once your collateral is set, tap Borrow to proceed.

Step 3: Your borrowing request has been submitted successfully. Tap View Order to go to My Dashboard, where you can check the status of your borrowing orders.

Similar to Fixed Rate Loans, your request will go through a funding stage. Once funded, it will appear under the Borrowing tab.

Notes:

— Interest is charged upfront. Once a borrow order is matched, the borrowed assets, minus the interest, will be credited to your Funding Account.

— A single borrow order may be matched with multiple supply orders. If these matches occur at different times, the borrow order will have multiple settlement dates.

— The LTV is calculated based on Cross Margin mode, where collateral assets are used across all loan orders. The Initial LTV is set at 80%, meaning the total value of your borrowed assets and interest cannot exceed 80% of your collateral's value (with the collateral value ratio applied).

View Your Loan

To view your loans, tap the ellipsis icon in the top-right corner of the Premier Loans homepage and select My Dashboard.

On the dashboard, your loan information is organized into the following sections:

1. Total debt — Shows details of all borrowed assets under the Flexible and Fixed Rate Loan. A floating value is displayed for the Flexible Rate Loan while a fixed value is shown for the Fixed Rate Loan.
2. Funding — Displays loan orders currently in the matching process. These orders are not yet fully executed and remain active until matching is complete.
3. Borrowing — Shows loan orders that have been placed and are currently active.
4. Collateral — Lists all collateral assets along with their quantities and USD values. You can tap Adjust to change your collateral.

Alternatively, tap the ellipsis icon in the top-right corner of the Crypto Loans homepage and select Loan order. From there, you can view records for both Flexible Rate Loan and Fixed Rate Loan (with Premier Loans categorized under Fixed Rate Loan), including detailed information on your loans, repayments, interest, and collateral. You can also filter by asset or time to refine the results.

Repay Your Loan

Step 1: From My Dashboard, locate the loan you would like to repay and tap Repay.

Step 2: Review the repayment details in the confirmation pop-up and tap Repay to proceed.

If you choose to repay your loan using collateral assets, a repayment fee will apply. The fee rate will be the higher of the repayment fee rates for the collateral asset and the borrowed asset. The value of the collateral used for repayment is determined by a collateral conversion rate, which is based on the index prices of both assets.

Your loan has now been successfully repaid!

Notes:

— Loans can be repaid at any time, but prepaid interest is non-refundable.

— If your assets are insufficient at the time of auto-repayment, your collateral will be automatically liquidated to cover the loan. A liquidation fee of 2% of the loan amount will also be charged.

— To manage the market impact of large conversion-based repayments, a per-repayment limit of $300,000 (or equivalent) applies. This limit may be adjusted based on market conditions, liquidity, and risk controls.

Renew Your Loan

If you repay your Loan before its due date and later decide that you still need the borrowed assets, you can use the Renew feature to restore all the repaid loan amount under the original loan contract. Please note that Renew does not extend the original loan term.

The Renewal feature is available only for orders that have been partially or fully repaid and are more than 6 hours away from their due date. Each loan contract can be renewed up to 5 times.

Step 1: On the Premier Loans page, tap the ellipsis icon in the top-right corner.

1. For partially repaid orders: Go to My Dashboard, locate the loan you want to renew, and tap Renew.

1. For fully repaid orders: Tap Loan order → Fixed Rate Loan → Loan contract history, then find the fully repaid loan you want to renew and tap Renew.

Step 2: Set your collateral for the renewal loan, then review the LTV and repayment due date. Tap Renew to confirm.

Note: The loan amount is fixed and cannot be changed.

Your loan has now been successfully renewed.

To view your renewal history, go to the Premier Loans homepage, tap the ellipsis icon in the top-right corner, and navigate to Loan order → Fixed Rate Loan → Renewal Records.

If you renew under the same loan order, you can tap the renewal order to view the breakdown records.

Adjust Your Collateral

Step 1: From My Dashboard, go to Collateral and tap Adjust.

Step 2: To add collateral, select the Add Collateral tab. Enter the amount you would like to add, or tap Max to use the full available balance in your Funding Account. Adding collateral will lower your LTV and reduce your liquidation risk.

To remove collateral, select the Reduce Collateral tab. Enter the amount you would like to withdraw, or tap Max to remove the Maximum Reduction Qty.

Step 3: Double-check the details, then tap Confirm.

Notes:

— Collateral can only be reduced if the current LTV is below the Initial LTV.

— The Maximum Reduction Qty refers to the amount that brings your LTV back to its initial level. Please refer to the amount shown in the adjustment window.

For more information on Premier Loans, please refer to the following articles:

1. Introduction to Premier Loans
2. FAQ — Crypto Loans
3. Loan-to-Value Ratio and Liquidation (Crypto Loans)