ranochigo's mini loans
I am currently offering no collateral, no interest mini loans to SR Members+.
Please read the terms for god sake.
Terms- Must at least be SR Member to request a No-collateral loan
- Do not request a non collateralized loan if your activity is less than 50 or if you have any negative trust.
- Loans that have collateral would have a higher chance of getting accepted
- Loan will be accepted if you meet my requirements which will not be disclosed.
- All collateral should be held by a secure third party whom we both agree on
- When requesting a loan with no collateral, justification will be required
- I reserve the rights to deny anyone's loan request without specifying reasons.
- If there is no communications between me and the lender after deadline, the loan will be marked as default and collateral will be sold.
- Requests via PMs will be ignored
- I DO NOT give any trust for a loan unless I find you trustworthy (risking large amount without collateral.
- You will be responsible for covering the transaction fees associated with me sending out the transaction.
If you can't repay on time, don't default. Contact me, I'm sure we can try to work something out.
Collateral accepted: Physical Collateral[1], 120% of stable alt-coins (Litecoin preferred)[2].
[1]
- Only if you are located in Singapore and I find your collateral valuable.
[2]
- If the alt-coin falls below 110%, I will PM you and you are expected to respond to me within 48 hours and decide what to do next.(Add more coins or sell it)
- Coins will be held at Poloniex or an escrow
Please request a loan in the following format
[/list]
[b]Amount required [IN BTC]:[/b]
[b]Reason:[/b]
[b]Time frame:[/b]
[b]Collateral [If applicable]:[/b]
[b]Address:[/b]
Q&A:
Q: Why aren't you accepting/declining my loan?
A: I'm not always free and I'll not specifically create a post just to deny your loan. If I accept it, I'll make a post immediately.
Q: Why are you giving no interest loans?
A: I have coins lying around and I figured out hey, maybe I can loan it?
Q: Why is your lending pool so small?
A: I don't have a huge sum of BTC. All tips are mostly used to fund the pool, a portion will be used for donations to charity.
Tips are appreciated! Tipping address: bc1qllfyz0tq2jlhkxr99uykghyyzymgqfdfe7hf8s
Addresses for repayment: you will be assigned a specific one. Only use it for your own repayment!
