About Loan Interest Vouchers
XT Loan Interest Vouchers are tools designed to reduce users’ borrowing costs. When applied, the system automatically deducts a portion of the interest accrued during the loan period, up to the voucher’s maximum limit.
2. How to Use Loan Interest Vouchers?
2.1 Access Your Vouchers
Vouchers obtained through events can be found under [Rewards Hub]:
- APP: [Homepage] → Tap [Your Profile] (top-left) → [Rewards Hub]
- WEB: [Homepage] → Click [Your Profile] (top-right) → [Rewards Hub]
2.2 Activate Your Vouchers
Vouchers under [Rewards Hub] may require activation or not.
- Vouchers with activation tasks: Complete the required task to activate the voucher. Then, view it in the "Unused" section.
- Vouchers without activation tasks: Already in the "Unused" section, ready to use.
- If a voucher has been applied to your borrowing order, it moves to the "Used" section.
- If a voucher is not used before expiration, it displays as "Expired".
2.3 Use Your Vouchers
Click "To Use" on an available voucher. Then, you will be on the [Crypto Loans] page
2.3.1 Crypto Loan
- After you select a loanable asset, any valid discount coupons for that asset will appear. By default, the voucher will not be applied. You need to click and select one (e.g., “20% OFF – USDT Interest Voucher”), with the expiry date.
- After you select a voucher, a discount label appears next to the APR (e.g., “20% OFF”), displaying the original and discounted APR. The label includes duration and maximum deduction. Example: USDT Loan Interest Voucher: Valid for 7 Days, Max Deduction 50 USDT.
- If a borrowing asset or loan pair already has a discount, a discount label (e.g., “20% OFF”) will appear. When a discount voucher is applied on top, users can enjoy a stacked discount. Two labels will be displayed, with the event discount first, and the voucher discount second (e.g., “20% OFF” with explanatory text), connected by "✕" to indicate stacking. The final discount is calculated as: (1 − Event Discount) × (1 − Voucher Discount)
- Example: (1-20%) × (1-20%) = 64% (36% OFF). The Annual Interest Rate shows both pre- and post-discount rates.
2.3.2 Renew Loan
- Vouchers can also be applied when renewing a loan. Display and calculation follow the same logic as the borrowing page.
Notes:
- The Loan Interest Voucher applied to the original order will no longer be in effect when the order is renewed and will not carry over to the new order.
- A Loan Interest Voucher cannot be used for New-user Loans or VIP Loans.
2.3.3 Active Orders
- If a voucher is applied, the text next to the remaining interest will display the amount already deducted: e.g., Interest Deducted: 0.02283492 USDT.
- The Hourly Rate or Annual Interest Rate shows the final discounted rate, with the voucher label (e.g., “20% OFF”) and the following description: "USDT Loan Interest Voucher: Valid for 7 Days, Max Deduction 50 USDT."
- Once it reaches the deduction limit or the voucher expires, the voucher becomes invalid, and the APR returns to the normal one; the discount label disappears.
2.3.4 Loan Orders - Loan History
- Under [Borrow History], the hourly rate or the annual interest rate is the one at the time of borrowing (after all discounts) and is not subject to active order rate adjustments.
Voucher Expiration & Invalid Conditions
3.1 Loan Interest Voucher Expired - Invalid
Vouchers that are not activated or used before the expiry date become invalid.
3.2 Loan Interest Voucher Used - Invalid
The loan interest voucher becomes invalid once the loan is fully repaid, the discount quota is used up, or the validity period expires.
Additional Notes:
- The deduction limit of a loan interest voucher only includes the voucher discount amount and does not include the event discount amount.
- Before the deduction limit is fully used, if the remaining deduction amount is insufficient for the last deduction, the system will deduct up to the remaining amount.