You told me about the interest rates, but you didn't tell me the most important thing! Above Zerbis asked very important questions:
"Maybe try to put more info about your company, including license for brokerage/lending and address with phone number. Also try to say more about you management.
Until this info doesn't be disclose, i'll consider you as same as a potential scam."
Topic: NEW - LOANPLUS.io - Instant Anonymous Loans backed by your Cryptoassets (Read 209 times)
May 06, 2019, 11:26:50 AM
March 28, 2019, 10:05:44 AM
Hello!
About your question: @loanplus, can you explain why the return for investors is higher than the interest charged to borrowers?
Well, it is a little more complicated than that. I cannot fully disclose how we calculate our interest rate for borrower and investors, but I can give you some insights.
Firstly, the interest rate for borrowers depends on many factors, for example it is: 0.024% daily for a LTV of 35%, and 0.04% daily for a LTV of 65%. Also the interest rate changes with the payment frequency, so it can be up to 0.56% daily if you chose monthly payments. So it is not always the case the return for investors is higher than the interest charged to borrowers.
There are other factors to consider, for example: the changes of conversion rates of the differents currencies that we hold as collateral. Or The loans that are reinvested on the lending pool, etc.
So after analyzing all the factors, we come with that interest rate for investors.
About your question: @loanplus, can you explain why the return for investors is higher than the interest charged to borrowers?
Well, it is a little more complicated than that. I cannot fully disclose how we calculate our interest rate for borrower and investors, but I can give you some insights.
Firstly, the interest rate for borrowers depends on many factors, for example it is: 0.024% daily for a LTV of 35%, and 0.04% daily for a LTV of 65%. Also the interest rate changes with the payment frequency, so it can be up to 0.56% daily if you chose monthly payments. So it is not always the case the return for investors is higher than the interest charged to borrowers.
There are other factors to consider, for example: the changes of conversion rates of the differents currencies that we hold as collateral. Or The loans that are reinvested on the lending pool, etc.
So after analyzing all the factors, we come with that interest rate for investors.
March 23, 2019, 06:45:04 PM
This platform is almost certainly the disappearing kind.
Not only are they collecting collateral first, but they are also accepting investors as well.
Check this out:
The site charges 0.024% daily to borrowers.
The site pays out 0.04% daily to investors.
I may not be the smartest guy in the room, but that doesn't make any sense for a legit business.
@loanplus, can you explain why the return for investors is higher than the interest charged to borrowers?
And that's without any of the referral payouts.
And assuming that all funds end up lent out all the time.
What this means is that your site WILL lose money if people utilize it. And I'm guessing this isn't some philanthropic side gig you're running here.
Which leads me to the conclusion that you're going to eventually do a runner.
Not only are they collecting collateral first, but they are also accepting investors as well.
Check this out:
The site charges 0.024% daily to borrowers.
The site pays out 0.04% daily to investors.
I may not be the smartest guy in the room, but that doesn't make any sense for a legit business.
@loanplus, can you explain why the return for investors is higher than the interest charged to borrowers?
And that's without any of the referral payouts.
And assuming that all funds end up lent out all the time.
What this means is that your site WILL lose money if people utilize it. And I'm guessing this isn't some philanthropic side gig you're running here.
Which leads me to the conclusion that you're going to eventually do a runner.
March 21, 2019, 06:26:29 PM
The site is just 29 days old (Registered February 20, 2019) and the registration of the domain will last for only a year. If the owner of this site is really serious about their business and looks at their business will last for a long period of time, they will register their domain for more than a year to make sure they keep that brand with them.
March 21, 2019, 06:00:22 PM
New account with one post asking for you to send collateral first, what could possibly go wrong?
March 21, 2019, 11:01:36 AM
Let me say that your website looks really unprofessional and, for the moment, i would put a warning about....
If you have cash at your disposal, this means that you will still have to use a bank to send it and therefore you will need to have an account in your name in which your name appears.
You only say "LoanPlus LLC is a company incorporated in Malta". Nothing more.
Maybe try to put more info about your company, including license for brokerage/lending and address with phone number. Also try to say more about you management.
Until this info doesn't be disclose, i'll consider you as same as a potential scam.
Borrow - Get Instant Anonymous Loans without selling your Cryptoassets!
Use altcoins as collateral and get a loan in BTC, ETH or Stable Coins (USDT, TUSD, USDC).
Tens of different cryptocurrencies can be deposited and used as collateral!
Loan To Value up to 65.00%
Daily Interest from 0.024% (Yearly Interest 8.76%)
Choose Daily, Weekly or Monthly payments
Loan Term from 1 day to 24 months
Invest - Lend your Cryptoassets and earn Daily Interest!
Earn attractive returns on your investments, straight into your Loanplus account.
Use compound interest to exponentially grow or withdraw as you wish.
Earn Yearly From 14.60 %
Affiliate - Receive 5% commission on loans and investments
If you have cash at your disposal, this means that you will still have to use a bank to send it and therefore you will need to have an account in your name in which your name appears.
You only say "LoanPlus LLC is a company incorporated in Malta". Nothing more.
Maybe try to put more info about your company, including license for brokerage/lending and address with phone number. Also try to say more about you management.
Until this info doesn't be disclose, i'll consider you as same as a potential scam.
LOANPLUS.io
Borrow - Get Instant Anonymous Loans without selling your Cryptoassets!
Use altcoins as collateral and get a loan in BTC, ETH or Stable Coins (USDT, TUSD, USDC).
Tens of different cryptocurrencies can be deposited and used as collateral!
Loan To Value up to 65.00%
Daily Interest from 0.024% (Yearly Interest 8.76%)
Choose Daily, Weekly or Monthly payments
Loan Term from 1 day to 24 months
Invest - Lend your Cryptoassets and earn Daily Interest!
Earn attractive returns on your investments, straight into your Loanplus account.
Use compound interest to exponentially grow or withdraw as you wish.
Earn Yearly From 14.60 %
Affiliate - Receive 5% commission on loans and investments
March 21, 2019, 10:49:39 AM
LOANPLUS.io
Borrow - Get Instant Anonymous Loans without selling your Cryptoassets!
Use altcoins as collateral and get a loan in BTC, ETH or Stable Coins (USDT, TUSD, USDC).
Tens of different cryptocurrencies can be deposited and used as collateral!
Loan To Value up to 65.00%
Daily Interest from 0.024% (Yearly Interest 8.76%)
Choose Daily, Weekly or Monthly payments
Loan Term from 1 day to 24 months
Invest - Lend your Cryptoassets and earn Daily Interest!
Earn attractive returns on your investments, straight into your Loanplus account.
Use compound interest to exponentially grow or withdraw as you wish.
Earn Yearly From 14.60 %
Affiliate - Receive 5% commission on loans and investments
Jump to: