|
Title: Standard Interets Rates for short term loan Post by: pinoycash on January 10, 2016, 04:46:55 PM Hi, i am thinking of starting my Payday loan here in the forum, Mostly shorterm loan from 1 - 15days max,
What are the best interest rates that is fare for both parties? is it allowed to have an advance interest, example he loan 1BTC and the interest is 20% for 15 days, i will deduct the 20% advance and release a loan of .80BTC, and after 15days borrower returns 1BC full Thanks in Advance 8) Title: Re: Standard Interets Rates for short term loan Post by: Vod on January 10, 2016, 04:50:52 PM is it allowed to have an advance interest, example he loan 1BTC and the interest is 20% for 15 days, i will deduct the 20% advance and release a loan of .80BTC, and after 15days borrower returns 1BC full So which is it? 20% interest or 25% interest? Title: Re: Standard Interets Rates for short term loan Post by: --Encrypted-- on January 10, 2016, 04:58:39 PM best rates (in my opinion) are 10%-30% depending on the amount loaned.
for your second question... that's sounds rather ridiculous and is no different from 0.8BTC loan with 25% interest. Title: Re: Standard Interets Rates for short term loan Post by: GamingOn on January 10, 2016, 05:30:21 PM Id be wanting to lend me 0.200 for 30% 7 days
let me know if interesetd. |