[closed] Request 40 btc @ 14.5% through btcjam: refinance KNC Saturn - page 2.

updated to better reflect the accuracy of the request
https://btcjam.com/listings/7033

The rate is 2% per payment period, which results in ~14.5% over the life of the loan, 365 days
Loan Calculator
Number of payments: 13
Payments of: 3.52473411
Total paid: 45.821543
On the 10th of every month

I am looking to refinance my KNC Miner purchase. I used my credit card and would like to move the interest payments into the bitcoin community.

I purchased the miner w/ 6 month hosting for a total of $5195

I am fully paid on the miner and it should be delivered no later than mid-October.

The miner will be collateral for this loan if the loan becomes defaulted. (any rec. on how to make this official/binding?)
If I default on the loan in the first 6 months, the miner and hosting account will be transferred to the lender(s)
If I default on the loan after 6 months, the miner will be sent to the lender(s)

I intend to pay this in 180 days, but the term is for 365 days.

Please message me with any questions.

Thank you bitcoin community, you rock!

Topic: [closed] Request 40 btc @ 14.5% through btcjam: refinance KNC Saturn - page 2. (Read 1440 times)