- During the campaign period , fixed-term loan orders created by users will accrue interest at the promotional annualized interest rate . The promotional interest rate is subject to a validity period . If the fixed-term loan duration exceeds the promotional validity period, the remaining days will accrue interest at the actual market interest rate at the time the loan order is created .
a.Example: For a USDT 30-Day Fixed Rate Loan with a 6.00% promotional APR , and a promotional validity period of 10 days :
- The first 10 days will accrue interest at the promotional rate of 6.00% ;
- The remaining 20 days will accrue interest at the actual market interest rate at the time the loan order is created.
b.Example: For a USDT 30-Day Fixed Rate Loan with a 6.00% promotional APR , and a promotional validity period of 30 days :
- Interest for the full 30-day term will be calculated at the promotional rate of 6.00% .
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If the promotional interest rate becomes higher than the current actual market interest rate , the promotional rate will become invalid. After invalidation, loan orders created thereafter will accrue interest at the current actual market interest rate .
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Whether the promotional interest rate is valid or invalid does not affect existing loan orders. Interest calculation rules for already created orders will remain unchanged.
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During the promotional interest rate validity period , if the borrowing amount of a single loan order exceeds the remaining promotional borrowing quota , the order will not be eligible for the promotional interest rate and will accrue interest at the current actual market interest rate .
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For loan orders that use the promotional interest rate , early repayment is not allowed during the applicable fixed-term loan period. If Auto Renew is enabled afterward, early repayment will be supported.
Gate reserves the right to adjust, modify, or terminate the Fixed-Term Loan Limited-Time Interest Rate Reduction campaign during the campaign period.
