↙️Why shouldn't I borrow looking at lowest interest rate only

A Word of Caution!

Because there are two other critical pieces of information you need to take into consideration, namely Loan Duration and Liquidation Ratio.

A short Loan Duration means you MUST completely repay the total outstanding within a few days. This might not be favourable for you, especially in a bear market.

A lower Liquidation Ratio means your collateralised assets will get liquidated much earlier compared to a loan which has a higher Liquidation Ratio.

Neither of these two scenarios is particularly favourable to a borrower. Thus, one shouldn't decide on a loan on the merit of the Rate of Interest alone and must take into consideration the time he has to repay the loan completely and the risk of liquidation of his precious assets which he has used as collateral.