Topic: [LENDING SERVICE] Lowest Interest Loans - 0.03%/day - Crypto & FIAT (Read 2434 times)

I lowered the rate for FIAT loans to 1% per month and increased the minimum collateral to 120%.
I also updated the funds available and do not accept escrow anymore.

Sounds like the guy you just denied , 16xypjnxlrew .

He tried the same thing here https://bitcointalksearch.org/topic/m.60595408 .

"Jolly Good (bitcointalk Analyzer)" on Telegram tried to scam me, he sent USTD (..TD, not ..DT) and pretends it's USDT, here the contract of the fake coin:
https://tronscan.org/#/token20/TYwQkdyaNMcFqZAo7GHd3EwuvsGTZYvYZZ

Here his wallet:
https://tronscan.org/#/address/TDPFmj4DKgg1ThsqjfGqtxkgMkr5MdRxfZ

He has an account here but I'm not sure which one, because I noticed the scam before he posted a message here...

Be careful.

"NONE" is not a valid collateral. Please read the terms carefully 

Hi! I need a loan of $20 for 30 days
Payment: $21
Type of Collateral: NONE
TRX address: TWBLAWLuPs7qzwqMajLgcc5jxyjVGTiUkB

Hi, really sorry for the late reply, maybe you already contacted me on Telegram I'm not sure.
I'll reply here anyway, a domain is not a valid collateral for me, sorry again.

Hey Jbdee,

I'm looking for a loan and im providing my business domain as collateral
please refer to
https://bitcointalksearch.org/topic/is-a-domain-considered-as-collateral-5411626

If I receive a loan from another person I'll edit this post

Just a message to remind you guys that I'm still available (even if I don't post much here).

Hi,
I increased the amounts available:

USD/USDT/USDC/BUSD	10000
EUR	10000
BTC	0.5

Really sorry for the late reply, I didn't receive notifications, better to ping me on Telegram to get a reply faster here  

So, as DarkStar_ said, most of the info are in the first message of this topic  
I'll answer your questions:

• It's 12% for a year long loan, not 10%. Or are you asking for a discount on the rate?
• The maximum amount depends of the crypto selected, 0.2 BTC, 5 ETH... You can see the list of crypto and amounts in the first message.
• The interest paid will be a % of the amount, in the same currency
• Collateral is mandatory
• My bad I was not clear about when interests have to be paid, let's say monthly but I'm flexible about it, we can agree on another duration

Read the thread 

For 10% yearly what is the maximum loan you can provide for me? And what will be the interest paid? Will it be paid monthly or yearly? And one important question, collateral is compulsory or not? Please let me know the answers of the mentioned questions.

I updated my offer, you can now get a loan at 12% yearly!

I'm not really active on the forum recently, but my offer still stands!

Hi, a reminder to tell I still offer loans 

My pleasure 

Lending service still available, even if I don't post messages on the forum, I'm still coming here everyday.
If someone needs a loan, please post a message here and ping me on Telegram (jbdee).

Thank you jbdee for another successful private transaction. The loan was repaid with low interest and the collateral has been released to my wallet.

Joe

New loan with mikelsmith2020, started yesterday 26/10/2019.

Thank you again for our transaction! Have a great day, Cheers!

Loan fully repaid today, tx id: c927b487dd8495377454d045c13a7e5d333365f4cd89f3e1c0f47485e817df11
Collateral sent back, tx id: 0xf80820320c045bac22a169e89538da4afba3ddce94511cd3076e5e5c18069441

Thanks mikelsmith2020!

Updated!

Heads up, ChrisPop technically has a lower interest rate (0.075% daily for loans 1-10 days and 0.095% daily for loans 10-20 days) for collateralized loans which makes your "Lowest Interest Loans" claim in the thread title invalid.

New loan with mikelsmith2020, agreed on Telegram:


The rate will be lowered depending on the loan duration:

• 15 to 30 days: 0.133% per day
• 31 to 60 days: 0.100% per day

I got the withdrawal pending on Bitfinex for almost 3 days, support didn't help me at all.
Don't use ZBT wallet on bitfinex.
I had to sell the collateral and I paid back in BTC through another wallet (not from Bitfinex), as agreed with the borrower.

@mikelsmith2020 Thank you for your understanding and patience.

Thank you for lending me some BTC. Have a great day!

---

Edit
I received the collateral back, thank you so much and looking forward for our next transaction.

Currency: BTC
Wallet address: [private]
Loan amount: 0.05
Repayment amount: 0.167% per day
Duration in days: ?? (should be less than 1 month)
Collateral currency: ZB
Collateral amount: 2077
Bitcointalk username: [private]
Telegram ID: [private]

Loan filled today 04/09/2019, I'll update when it's repaid.

Update: The minimum rate is now 0.10% daily, the minimum collateral is now 110%. And you can borrow EUR or USD!

Take my example and replace USDT by another crypto like ETH, or the opposite (switch BTC and USDT), I should have not taken a stablecoin in my example, even if it's a valid collateral and the scenario is possible.
A crypto loan is usually when you don't have FIAT and don't want to sell your crypto.

STT explained well the principle of the short term loans.

Again, you say "such that when a greedy shark says I pay you 5% interest loans", it doesn't mean 60% yearly, 5% is 5% if there is no time rate.

You can't compare a short term crypto loan to a bank loan, for the bank, you need a bank account, you need a solid purpose for the loan, you need to proove your identity, your address, your incomes, etc... And it's usually for years, I don't know any bank doing anonymous short term (few days) instant loan, if you know, let me know.

Also, does your bank lend crypto?!

Anyway everyone knows there is 12 months in a year or 365 days, so giving the monthly rate or daily rate is enough to know the yearly rate, but here it is for short term loans so it is a way easier and more straightforward to use the daily rate, or the rate for the duration of the loan.

Sure I do understand what collateral is, Jees  

I mean if I had 120K USDT, I'd buy 10 btc, keeping my 20k untouched or using it for other purposes why should I pay any interest to anybody? To remain safe against btc price drops? What about the (more probable) price surges?

Secondly, in banking we don't use daily, weekly, monthly interest rates, it is so confusing, conveniently we use yearly interest rate indexes to have a common terminology such that when a greedy shark says I pay you 5% interest loans we could compare his offer with what a regulated bank offers instead of banging our head over and over against the wall when we discover he means 60% interest per year.

Thats probably the clue to explain how this service fits in the overall scheme of things.   If you were to plan to buy a house using such a loan I would not recommend it and there are surely better alternatives as the house itself is used as collateral.
  If he is offering to deliver exactly as he promises and its a free market and all terms are understood prior to engaging the loan, there cannot be much complaint really.     A short term really low amount loan is useful to some especially on short notice conducted over a forum, these are all special factors that make this quite niche and useful to many.  

It does make sense in the whole breadth of the market.    I've been charged several hundred (in just 40 days right before xmas) for going past my overdraft by just a couple dollars because now the bank had me as an outlaw I guess.    Had someone lent me just that little bit needed till I could repay it properly, it would have saved me quite alot of hassle, strife and ultimately work to undo the damage my negligence had done.   [The bank never sent me a statement or letter to reflect the charges]

I think you don't understand the meaning of a collateral, you are not paying 120% in crypto, it is the guarantee, you can't say "pay".
What you pay is the interests, 5% interest monthly, saying "60%" out of nowhere doesn't mean anything.


I'll give you an example, with big and round numbers so it is easy to understand:

•   1 BTC = 10000 USDT
•   You want a 10 BTC loan for 15 days, 5% monthly / 0.167% daily, you have USDT as collateral, so you need to send me:
--->  120000 USDT = 10 * 10000 USDT * 120%
•   At the end of the 15 days, you will have to give back the capital (10 BTC) and you will have to pay the interest:
--->  0.2505 BTC = 15 * 0.167% * 10 BTC
•   Then I give you back the collateral 120000 USDT.
•   So the percent paid on the loan amount is:
--->  2.505% = 0.2505 / 10

Hope it is clear enough  

Not seeking a loan, just being curious:

How in the hell does it make any sense that I pay you 120% crypto to be eligible to receive a loan in crypto with 60% interest? It looks both stupid and unfair.

And yes, it is 60% interest loan. Gangs pay such loans to desperate people all over the world and yet they don't want any collaterals. just a home address in which their poor family lives.

I don't understand your question.
You can read again the thread, you have all informations you need to compare the advantages with another business. And there is no business like this which will be 100% accountable if anything happens. Anyway I accept escrow so no need to worry if it's about trust. There is a free reputed escrow on the forum, but I can accept any reputable one as long as the borrower pays the fees.

DireWolfM14, if I wanted hide stuff I would have just replied to him on Telegram and not here. Waiting for the next loan request then I'll can post the address I'll use for it! About iwutitan I don't have any solid proof but they use the same scam process, text the same way, and have a really similar Telegram ID (maxwell200 and maxwell644)...

I understand that he has attempted to scam you, that's not surprising since almost all newbies asking for a loans are scammers.  I was suggesting to you to remain as transparent as possible, because 99% of newbies offering loans are also scammers.  You have an older account, but your low rank doesn't instill a lot of trust.  Openness and transparency will help you overcome that lack of trust in lower-ranked accounts.



Scams aren't moderated.  There are too many gray areas and vague scam attempts.  Moderators would be busy sifting through every accusation and attempt leaving them no time to moderate.  And, if they miss a scam then the victim will want to hold them accountable.  Not a very practical system.  That's why it's left up to the community to police ourselves.

Shasan already created a flag for maxwell20, if you can prove that iwutitan is a related account DT members will tag it also.  Although it looks like iwutitan is already red-tagged for an unrelated issue from 2017.

Hello,

What advantage would I have here over a businesses that is operating for years and can be held accountable if anything happens? It seems there are a lot of scammers in here...

Thanks Sashan for editing your message.

So iwutitan is a scammer too, probably same person (maxwell20). Why moderators don't do anything about these scammers? 

Can you edit your message and say that you are talking about Maxwell20 please? It looks like you're talking about me 
His name on Telegram is: "Andy Btc"
His Telegram ID was: "mikgog20"
And now it is: "maxwell200"

And now iwutitan asking a loan with the Telegram ID: "maxwell644", and his name there is "Jon Han"
Suspicious... I'm going to be careful, anyway I don't send crypto first and always check the transaction.
It seems to be the same guy, he said he's going to send the collateral, but doesn't do it, I'm waiting for the fake tx id now 

Hi, collateral valid.
Loan accepted, we are already talking on Telegram I'll send you more details.
But your telegram ID is almost same as the last user who tried to scam me, weird...

Currency: BTC
Wallet address: 16Z735maeHQDYp634BgjXiYoC5Lg6RqBQa
Loan amount: 0.005
Repayment amount: 0.006
Duration in days: 7
Collateral currency: ETH
Collateral amount: 0.5
Bitcointalk username: iwutitan
Telegram ID: @maxwell644

The person (Maxwell20) is really a scammer, you can see the reference .
Actually, the scammer is a smart person and try to contact on telegram once post on the bitcointalk so usually people may make mistake like the OP by sending address on telegram.

You don't know that he already contacted me on Telegram and asked for the loan there before I posted my message. I was posting the message just to make the loan public, I didn't have my address in my clipboard
And I think you didn't understand the situation, he's the scammer, he sent me a random transaction ID which was not his and when I told him that, he disappeared and have never been online again.

I accept escrow, also can sign a message with my address if the borrower asks. So in which way it is not trustworthy?

Why not just post your LightCoin address here?  You've been here a while, but at your rank level I would suggest complete openness and transparency.  By sending your collateral address via a third party encrypted messaging app, which allows you to delete the discussion only adds to the theory that this may be an attempt at collateral scam.  Not a great way to build a trustworthy reputation.

If someone wants a loan and ask me to sign a message I'll do it, as I don't have all the funds on the same wallet, also depends of the crypto you want, do you want a loan? I already made a trade with dozerz but he didn't leave me a feedback yet.

Speaking of which, could you also sign a message from an address showing you've funds for the business? What if they send you the collateral and you run away with it? You don't any reputation here on the forum yet and it's easy to scam collaterals right? I know you will use escrow but there could be cases where the borrower will just send you any collateral expecting a loan back.

He's a scammer... He sent me a fake tx id and never answered when I told him it's not his tx id.

Everything seems right, loan accepted.
I've sent to you my LTC address on Telegram.
I'll send the BTC once I've received the LTC.

Some people asked me a loan and asked me to transfer the collateral on a wallet on bitbitter.net.
This website is a SCAM, do not register and do not do business with people there.

URLs of these scams:
https://bitbitter.net/
https://highcoin.net/

I'm accepting any account status, Newbie, Jr Member, Legendary... As long as you have a collateral.
Don't be shy guys!

Hi!

You can get a cheap short-term or long-term loan here!
For now I'm offering one of the lowest rate, starting at ~1% per month (0.0329% per day) for all the currencies.
There is no minimum for the loan amount, but there is a minimum interest of 5 USD (equivalent in crypto), maximum will depend of the amounts available.
There is no minimum for the loan duration, it can be only an hour, and up to 1 year.
Even Newbies can request a loan, I really don't mind, I will not even ask you the purpose of the loan, as long as you have a collateral, you are eligible to get a loan.

I'm accepting Escrow services, but the borrower pays the fees and have to find it by himself/herself, and I'll only accept reputed ones.

See below the rules, conditions, rates and how to apply for a loan, please read carefully.

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COLLATERAL

---

COLLATERAL IS MANDATORY, at least 110%, in any crypto easily tradable or acceptable offer (physical goods, FIAT...), only irreversible transaction (so, no Paypal).
A valid collateral, here, is anything valuable you can sell instantly (or really fast), so, to know if your collateral is valid, just ask yourself this easy question:
•   Can I sell my collateral instantly and get at least 110% worth of the sum I want to borrow?

---

RATES

---

• 0 to 14 days: 0.167% per day - Collateral 110%
• 15 to 30 days: 0.133% per day - Collateral 120%
• 31 to 60 days: 0.100% per day - Collateral 130%
• 61 to 180 days: 0.055% per day - Collateral 150%
• 1 year loan (CRYPTO): 0.033% per day (1% per month, 12% per year) - Collateral 170%
• 1 year loan (FIAT): 0.055% per day (1.67% per month, 20% per year) - Collateral 170%

---

RULES / CONDITIONS

---

Collateral	From 110% to 150%, depending the loan duration, in top crypto / physical goods / FIAT. If the collateral goes bellow 105%, you will have to add more collateral to reach the full collateral ratio again or I'll sell it
Late repayment	If you think you might be late for the repayment, let me know before the deadline so we can agree for a new rate, else it will be 1% per day
Early repayment	You will still have to pay the interest for the full duration, but I'll rebate 50% on the remaining interest
Minimum interest	5 USD (equivalent in crypto)
Transfer fees	The borrower pays but I'll pay the sending fee for the 10 first loans
Escrow fees (optional)	The borrower pays

---

CURRENCIES AND MAXIMUM AMOUNTS AVAILABLE PER LOAN

---

USD/USDT/USDC/BUSD	2000
EUR	2000
BTC	0.2
ETH	5
BCH	1
LTC	5
DASH	4
XRP	3000
XLM	2000
ZEC/XMR/BSV...	< 200 USD

Contact me if you need a specific coin, I might have but less than 200 USD (TRX/XVG/IOTA/ADA/VET/KIN...).

---

HOW TO APPLY FOR A LOAN?

---

Simply copy and paste the code below and fill it with your informations, then post it here and on my Telegram if you use it (DO NOT USE COMMA FOR THE AMOUNTS):


Here an example:


Then I'll accept or deny your loan, if I accept, I'll send you the wallet address where you have to send the collateral (if you choose another collateral, we'll discuss by private messages), if I deny, I'll tell you the reason and I'll not argue about it, you are still free to request a new loan.
Once I received the collateral, I'll send the loan amount to the wallet address provided and send you the transaction ID, so you can check on the explorer.
Please be sure your address is correct, I'm not responsible if you made a mistake.
Please, keep in mind: No collateral, no loan.

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EXAMPLE

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Here an example with easy numbers:

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CONTACT

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Do not send me private/direct message on Bitcointalk.
You can contact me, ONLY IF YOU HAVE COLLATERAL, here in this topic and/or on my Telegram: @jbdee


I think I've been clear enough and give all the details, but if you have any question, let me know.
This thread is also available in french: 🔥[Prêt/Crédit Service]🔥 - Prêt à court et long terme - BTC/ETH/BCH/LTC & plus

Update, 06 October 2019: Increase loan amounts.
Update, 23 August 2019: Lower the minimum rate from 5% to 3%. Lower collateral from 120% to 110%. Add EUR and USD.
Update, 29 July 2021: Lower the minimum rate from 3% to 1% monthly. Different collateral from 110% to 150%.
Update, 30 July 2021: Lower the minimum rate from 3% to 1% monthly. Different collateral from 110% to 170%.