News: Newbie/Jr. Member Loan Request WITHOUT Altcoin collateral will be rejected.
Feel free to make a request. I reserve the right to deny requests I don't like.
Staked Address: 3MEV5cHnM4uZ1jVk7HcG6n6jgUGHjHSbBCEmail: [email protected]
I. Interest Rates
The
basic/minimum charge shall be seven (7) days worth of interest or 0.002 BTC whichever is higher, this applies for the loans higher than 0.01
BTC. However, Loans with less than 0.01
BTC,
basic/minimum charge shall be seven (7) days worth of interest or 0.001 BTC. All interest fees shall be rounded to the nearest 0.0001.
Maximum 7 days period, 10% interest
Maximum 15 days period, 13% interest.
Maximum 20 days period, 16% interest.
II. Terms of Service
1.
No Collateral, No Loan!2. The collateral
MUST be at least 120% of the requested amount. Otherwise, your request will be
rejected.
3.
Non-repayment on promised date shall be deemed
late.
Late fee is computed as 1% of Repayment Amount or 0.0001 BTC, whichever is higher, per day of being late. (Compounding still applies)
4. Extensions are upon approval, and I reserve the right to deny any extension and put necessary interest fees.
5. Five (5) Days late would result to the collateral being
forfeited for the Lender.
6.
Escrow is accepted,
the Borrower pays for the fees.7.
The Lender will not be liable for any loss incurred by any party through this agreement. How you will use the amount loaned shall be your
own liability.
III. Valid Collateral and Maximum Amount to be Loaned
Collateral can be either the
most stable Altcoins: ETH, DOGE, LTC, et al. or your
Bitcointalk Account. I only accept accounts that are
SR. MEMBER, HERO and LEGENDARY ranked account.
A. Altcoins as Collateral - Any rank is allowed to borrow
IF AND ONLY IF they provide accepted Altcoins which are
not less than 120% of their requested amount.
B. Bitcointalk Account as Collateral - I
ONLY accept accounts ranging from Sr. Member - Legendary Ranked account. Other than that, request are
Denied.
Sr. Member - up to 0.02
BTC (may increase in time)
Hero. Member - up to 0.03
BTC (may increase in time)
CURRENTLY NOT AVAILABLE Legendary - up to 0.04
BTC (may increase in time)
CURRENTLY NOT AVAILABLE
IV. End of Contract
In the event the Borrower
pays the the debt, the collateral shall be
returned.
In the event, the Borrower
does not repay on the due date, and no extension has been given, he shall be given five days to comply. If he does not,
the Lender will broadcast non-payment, and publish a negative trust regarding the matter. Further, the collateral shall be forfeited for the Lender. If the
collateral can be
sold at a higher price than the loan amount, the excess shall be for the benefit of the Lender, and no amount of said excess shall be returned to Borrower.
V. Application Form
By submitting this form to this thread, you agree to the terms and conditions above stated. Please include the UID of your account, regardless if you're using your account as collateral or not.
Username:
Loan Amount:
Bitcoin Address:
Number of days:
Collateral offered:
UID:
Note: Your account will be checked with the Bitcointalk Account Pricer. After doing this i will decide if i can fullify your request or post an offer.
Message to sign for accounts as collateral:I am YOUR_USERNAME from bitcointalk.org, today is CURRENT_DATE. I am asking for a loan from zedicus with my account as collateral. If I default my loan, zedicus will be the new owner of my account.
Repayment addresses will always be signed with 3MEV5cHnM4uZ1jVk7HcG6n6jgUGHjHSbBC-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA512
This is [url=https://bitcointalk.org/index.php?action=profile;u=87896]zedicus[/url] from bitcointalk.org and today is 4/9/2017 . I sign this address: 3MEV5cHnM4uZ1jVk7HcG6n6jgUGHjHSbBC for any Loan Repayment for my Lending Service in this forum .
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CREDITS
This thread would not be possible without these individuals. They are the pioneers of the Lending Service in this forum. Some of the contents, format, and design of this Lending service were based on their Unique Lending Services. And I want to express my deepest gratitude to each and everyone of them:Lone Shark and his
Lending ServiceDarkstar_ and his
Lending ServiceCondoras and his
Lending Service