Fishbones78's BTC Loan Service
I'm back in business providing micro loans to BTC talk users. It's simple to apply and if you've got valid collateral, I've got no reason to deny! Please read my conditions below and copy the form in order to apply.What Is Valid Collateral?
Currently Accepted Collateral:
- Bitcoin Forum Accounts (Minimum of Full Member status - I take no responsibility if you are kicked from sig. campaigns for inactivity)
- Valid Alt Coins (Coins that have value and are stable)
- Suggest Something Reasonable!
Interest Rates
I charge a
2% compound interest rate per day, please ensure you are aware of what compound interest is. For loans over 0.02, I will be willibg to negotiate a lower rate. There is also a minimum interest of
BTC0.001 BTC
[NOTE: THIS IS TEMPORARILY RAISED TO 0.002 BTC DUE TO HIGH TRANSACTION FEES AS OF 28/06/2017], you will be charged this if your compound interest does not reach above
BTC0.0010.002. If it does, then you will be charged based on the compound interest amount. Put short, whichever is highest.
Terms & Conditions of Loans
The value of the collateral you provide is at my discretion, collateral for me is what I say it is worth. By providing me with collateral, your understand the collateral becomes my property until the loan is repaid. If you do not repay within the specified time frame, your provided collateral becomes permanently my property and will be sold without your permission, it belongs to me. I do not use Escrow, only at your cost and request. Time extensions for the loan can be applied for, but this must be before your repayment time expires. Repayments to the wrong Bitcoin address will result in collateral being sold, unless another payment of the full repayment amount is given to the correct address. I will assume you have defaulted on the loan if no contact has been made (and no repayment) by the repayment date, do not expect me to still have your collateral if you contact me after your repayment date. Although I don't require it, it is preferable for you to have an alt. account if I need to contact you about a repayment time extension or anything else. Any collateral that costs me to return to you is at your expense. The transaction fee of your repayment is at your own expense.
If you have missed your repayment deadline, contact me first before repaying as I may no longer have your collateral and you are entitled to keep the repayment funds.Application
I will usually reply to a loan application within a few hours maximum. Please copy and paste this form to apply. You must apply in this thread, if you PM me I will simply ask you to reply in this thread. It helps resolve issues if they arise.
Requested Loan Amount:
Collateral To Be Provided:
Proposed Repayment Date:
Reason For Loan:
BTC Address:
I will reply to your request by quoting it, and telling you if your request is accepted or rejected.
The reply to your loan request will include the amount you must repay me to get your collateral back. I will ask you in the reply to confirm you agree with this amount, to avoid any issues.
Funds greater than ~0.02 may need to come from cold storage, and may take around an hour to be paid.
Repayment Address:
1HHH8uvsDb12153MJq4XKAab5zQuKbULY3
Whilst this thread is fresh, I thought I should include this to show I have done micro loaning before:Here is my old lending thread:
https://bitcointalksearch.org/topic/fishs-bitcoin-micro-loaning-service-005-btc-available-1389701
You are the best! 