OKX VIP Borrow is a premium lending service designed exclusively for VIP5 and above clients, offering stable, large-scale loans with competitive interest rates on top of the standard Margin Borrow facility.
Key Features of OKX VIP Borrow
1. Eligibility Criteria
- Clients: Available only to OKX platform users with VIP5 status or higher.
- Supported Cryptocurrencies: Refer to OKX’s Borrow Limit Tier Table.
- Account Types: Compatible with Single-Currency, Multi-Currency, and Portfolio Margin Accounts under Unified Account Mode (note: switching account types requires full repayment of VIP Borrow loans).
2. Borrowing Mechanism
While VIP4 and below users can only access Margin Borrow, VIP5+ users enjoy dual access to both VIP Borrow and Margin Borrow.
2.1 VIP Borrow Limits
- VIP Borrow offers an independent quota separate from Margin Borrow limits.
- Both master and sub-accounts can lock borrow amounts, but their combined total must not exceed the VIP Borrow limit (see OKX’s Borrow Limit Tier Table for specifics).
2.2 Fund Pool Allocation
Loans are split between two pools:
- VIP Borrow Pool: Prioritized for low-interest loans.
- Margin Borrow Pool: Standard rates apply.
Example:
User A borrows 5,000 USDT:
- With VIP Borrow limit of 10,000 USDT: Entire 5,000 USDT is drawn from VIP pool.
- With VIP Borrow limit of 4,000 USDT: 4,000 USDT from VIP pool + 1,000 USDT from Margin pool.
Interest is calculated hourly based on each pool’s allocation.
👉 Learn more about OKX’s lending options
3. Interest Rates & Repayment
3.1 Rate Structure
- VIP Borrow maintains stable, below-market rates (detailed in the Borrow Limit Tier Table). Rates are periodically adjusted to stay competitive.
3.2 Repayment Rules
- Repaying VIP Borrow loans releases locked limits.
- If repayment causes VIP Borrow limit to fall below current loans, excess converts to Margin Borrow (subject to Margin Borrow eligibility checks).
Example:
User A repays 2,000 USDT of a 4,000 USDT loan with a 5,000 USDT limit:
- New VIP limit: 3,000 USDT (3,000 VIP + 1,000 Margin).
FAQs
Q1: Can I switch account types with active VIP Borrow loans?
A: No. You must fully repay VIP Borrow loans before switching account types.
Q2: How is interest calculated for mixed-pool loans?
A: Interest is split by pool. VIP Borrow pool uses its rate; Margin Borrow pool uses standard rates.
Q3: What happens if I can’t pay interest?
A: OKX reduces your VIP Borrow limit. Excess loans convert to Margin Borrow at higher rates.
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