Q1. What are the requirements for borrowing the pledge loan from ZT platform?
A1. As long as you are a registered user of the ZT platform, you can use the pledge loan service and get your money back in a flash.
Q2. What are the terms and conditions for borrowing money?
A2. 7 days, 14 days, 30 days and 90 days are currently supported.
Q3. Is it possible to make early repayment?
A3. Early repayment is supported but the interest rate charged at the time of repayment will remain the same for the entire loan period.
Q4. What is the pledge ratio?
A4. The pledge ratio is the ratio of the amount borrowed to the value of the pledged digital currency, which is priced using an index price. Different pledge currencies have different initial pledge rates, which means that the same value of pledged money can be borrowed for different currencies.
Q5. What will happen if my pledge is too high?
A5. If the pledge rate is higher than the margin pledge rate, the platform will notify you to replenish the pledged amount. If the pledge rate is higher than the close out pledge rate, the platform will use your pledged assets to close out the position to repay your borrowed funds.
Q6. What happens if I am overdue?
A6. The pledged borrower will be required to pay overdue interest to the platform and will be charged 3 times the periodic interest during the late period.