Topic: Newbie about BTC lendig - page 2. (Read 775 times)

Well I meant 19% a month.. but I do understand how unlikely it is I will recieve a loan.. It is just that CC/Bank loans will take too long for me to recieve and are tough for me to get, I have no credit card open for cash advance and loan will take too long. I would need within the next few days and since I am now very into the BTC economy I figured it my best option. I have even opened an account on BTCjam however I am a brand new user so it is unlikely I will get funding off the bat and if so itd take too long. So I figured those with big BTC must be around on here to invest.. The other benefit I would provide would be a garuntee minumum of the dollar amount of 10 btc at current rate, if rate lowers over the 12 months I will still pay to current rate. However if rate rises I will still pay to 10 btc minumum plus 19% a month.. Which means giving loan now will not take away from investment of holding btc. Another offer would be a 400 dollar lump sum at end of payment cycle or 150 lump sum at beginning and 150 lump sum at end of repayment cycle.. Reason being is due to the fact that this is the btc market not a bank loan or CC.. The expenses over the course of 12 months are no problem for me to pay, I just need an investor with 10 BTC for within the next couple days

For reference, a ~BTC10 equivalent personal loan from my bank for 12 months would be charged at 29.9% APR, and bear in mind they know where I live, how much I earn and (more importantly for them) they have the legal resources to chase up their repayments.

10% less for a more risky venture doesn't sound very appealing.

As John K said, you will have no hope in getting the loan. People would make more hanging on to their BTC than lending them out over a year with that percentage of interest. Stick to earning some money another way.

No, you'll have next to no luck even if you're willing to give all info like ID card, utility bill, bank statement, phone call etc. Not to mention that 19% a year is crazy low for bitcoin loans - the running rate is around 10%+ a MONTH for established users.

Go get a bank loan/CC loan.

So when I am able to post in regular forum I will be requesting a 10btc Loan.. In desperate need for this loan fast, will be able to give all information needed. Will offer 19% interest over the course of 12months and not change set BTC payback due to changed value, in other words my payback will be in full 10btc plus 19% interest no matter how the btc value rises. If it is 300+ dollars I will not pay back loan to dollar amount but to BTC amount. How likely is it I will have luck finding that loan here, and ow likely would it be today or tomorrow?