Hello, I have decided to offer better short term interest rates than my competitors for those of you in desperate need.
Decisions should be typically made within 24 hours.
Loans With Collateral: Maximum 1 BTC for the first loan, 5 BTC for second
Collateral must at all times exceed 110% of the value of your outstanding balance or else I will try to sell it (think of it as a margin call).
If you want to reduce this risk you can over collateralize. This is recommended. I decide what constitutes acceptable collateral.
1 Month: 15% Interest
2 Month: 30% Interest
3 Month: 40% Interest
6 Month: 60% Interest
All members eligible.
Since I am a newbie, collateral could be sent to a trusted third party.
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Loans Without Collateral: Maximum 0.25 BTC
Different members can borrow different amounts. Note interest rates are going to be pretty high here.
1 Week: 10% Interest
2 Week: 20% Interest
3 Week: 25% Interest
1 Month: 30% Interest
Other: Not Available
Full Member: 0.05 BTC max
Sr. Member: 0.15 BTC max
Hero Member: 0.30 BTC max
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You're always charged to the nearest week, rounded up. By "month" I mean 30 days.
If you can't repay after this point you have to pay back at least interest and I will renew your loan.
Borrower assumes shipping/tx fee/other costs like that.
If you want to stay private I won't give your details away so long as you meet the terms of the loan.
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