Bitcoin Forum

Can anyone please lend me .05 btc please.If you need collaterals ask me what type it is i cause i donot know what it actually is?I can repay you in 2 months time with interest.I have a bike and a laptop if you accept them as collateral.

If you dont know what collateral is, then you dont need a loan. Read https://bitcointalk.org/index.php?topic=577765.0 (first and second post) and either provide something 120% of what youre asking or lock this thread before you get a negative feedback.

Stable or tradeable altcoins are the best collateral to offer if you want this loan filled urgently.

Physical collateral will not work as it must be shipped to the lender and appraised first.

Website domains, passport and ID, Facebook Twitter and Instagram accounts, reputation on other forums, contracts and future income are not considered valid collateral.

But all i can show as collateral is my bike and my laptop only.I donot have any altcoins.

Then you can say goodbye to getting a loan here. Going by today's exchange rate 0.05 BTC converts to about $500 which is risky, given your lack of reputation here and your account's age.

Sorry for the disappointing news. You won't get this loan without proper collateral and if you persist you risk being red-listed.

Try with friends or a family member perhaps?

For collatoral. You would have to give control of it to the lender. So unless you plan on dropping it off at there home or mailing it...
Please entertain me - What kind of laptop and bike are we talking?

If you are planning to use your Bike and Laptop as collateral it would seem incumbent to also provide the models numbers, condition of both of these, proof of ownership and things like this.

Are you planning on shipping these items to the lender or an escrow? This is the only way to "secure" your collateral. In which case, you should expect to pay shipping for every trip that your collateral takes and not expect any lender to bear the cost of shipping/handling.

There are certain users that are willing to accept physical collateral, but your loan will not get filled until it has been received, appraised, and verified. Do not put up a fuss if a lender tells you they will not ship your items back if you are late, do not pay in full or refuse to pay shipping at any point. I also would not expect this to be filled "urgently". What is the reason for this loan?

As a lender, I can tell you that nobody is going to fill your request.

If you have observed the lending section in the slightest you would have seen that these days, lender either give out no collateral loans to people that they've done business before and has trust, or to people who have valid collateral such as altcoins. IN fact I haven't seen any loan being made in the past few months that have taken anything other than altcoins as collateral.

Reason is, lender can't liquidate your laptop and your bike quickly and the shipment for sending the collateral back and forth will result in massive fees. Plus, most lenders here would not be willing to reveal their address to you just for this purpose.

I suggest you getting a short term loan from one of the small loan companies locally.

If you can ship the items to Singapore, I'll be happy to appraise them for you and then provide the loan. We can meet up in person as well, if that's amenable.

Your funds are ready.

Come with your bike and give me your laptop, I will add funds to your address.  ;D