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Topic: Im looking to start lending here - page 2. (Read 400 times)

newbie
Activity: 14
Merit: 0
August 17, 2023, 04:28:26 AM
#5
Think about how dumb your offer is, You are newbie and completely unknown to this forum. You are asking borrower to provide collateral and lend only 50% of its value on different currency while you get 10% interest by just holding your customer 50% asset that remain on your hand.

You can use Exchange address to receive collateral then sell 50% of the collateral to give back to the borrower. You wre just doing the sell part which the borrower can’t do on their own. Nice business! will surely bloom.  Cheesy



Loan terms / rules.
Collateral: btc/bnb/xlm/trx  - you get 50% USDT of the collateral Market value.
The daily intrsest: 0.2333%. Monthly 7% (  30 days )
Your asset Will be liqutated If your debt is over your collateral value in order to keep your collateral you need to pay off some of your debt.
The collateral value 100$ you get 50$ USDT  ( ALL USDT ONLY TRC20 TRON NETWORK )
Once your asset liqudated your debt is payed and intrests what you payed for holding the asset Will be payed back to you instantly.
Before your asset Will be liqutated you get notice by our team by e-mail on phone or other way you prefer.
The liqutation of asset, If 7% monthly intrest rate then you have nothing worry in 10 months 7x10= 70% your asset Will be liqudated once your intrest rate Will be reached to 100%.
If you want to get back your asset you need to pay the intrest + full ammount the value of asset and funds what you borrowed from us.
So If you borrowed 50$ against your 100$ asset in order to get immediately asset returned back to you then you need to pay 100$ + intrest how many days we have been holding the asset for you daily intrest 0.2333%.



It's a great way to get some cash without selling your asset.
hero member
Activity: 1400
Merit: 623
August 16, 2023, 10:57:27 PM
#4
Think about how dumb your offer is, You are newbie and completely unknown to this forum. You are asking borrower to provide collateral and lend only 50% of its value on different currency while you get 10% interest by just holding your customer 50% asset that remain on your hand.

You can use Exchange address to receive collateral then sell 50% of the collateral to give back to the borrower. You wre just doing the sell part which the borrower can’t do on their own. Nice business! will surely bloom.  Cheesy
newbie
Activity: 14
Merit: 0
August 16, 2023, 03:26:43 PM
#3
You get loan 50% from the total Market value of your asset and  with monthly 10% intrsest. Your asset Will be taken from you If your intrests exeeds the borrowed ammount then you must add more asset or pay off some of your debt.
Loan ammount 100$  your Asset btc value 200$ so you pay 10$ monthly so your Asset Will be liqutated in 10 months not 10%x10=100$
You will have to give clearer rules if you want to start a lending service to attract people to your service.

Have a clear rule on what currency you lend and what you accept as collateral.
Be clear on your interest rate per day and not monthly cause not every user will pay back the loan in a specified period of time.
Do not complicate the service, look into other successful lending services and adopt some of their processes.

- Jay -


Ok noted thx ! I'll make it more clear i really see that borrowing against assets are good financial action with right terms.
hero member
Activity: 644
Merit: 661
- Jay -
August 16, 2023, 02:48:28 PM
#2
You get loan 50% from the total Market value of your asset and  with monthly 10% intrsest. Your asset Will be taken from you If your intrests exeeds the borrowed ammount then you must add more asset or pay off some of your debt.
Loan ammount 100$  your Asset btc value 200$ so you pay 10$ monthly so your Asset Will be liqutated in 10 months not 10%x10=100$
You will have to give clearer rules if you want to start a lending service to attract people to your service.

Have a clear rule on what currency you lend and what you accept as collateral.
Be clear on your interest rate per day and not monthly cause not every user will pay back the loan in a specified period of time.
Do not complicate the service, look into other successful lending services and adopt some of their processes.

- Jay -
newbie
Activity: 14
Merit: 0
August 16, 2023, 02:32:52 PM
#1
I see people need to borrow against their asset and specially now when prices are low it's better to borrow against asset then selling asset to get cash.

Im looking to start lending Im new but i want to start also i dream about to provide 24/7 service and who knows maybe i can provide this service as legit company

General terms for lending
You get loan 50% from the total Market value of your asset and  with monthly 10% intrsest. Your asset Will be taken from you If your intrests exeeds the borrowed ammount then you must add more asset or pay off some of your debt.
Loan ammount 100$  your Asset btc value 200$ so you pay 10$ monthly so your Asset Will be liqutated in 10 months not 10%x10=100$
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