Everybody knows, to obtain a house,car or even personal loan then the bank needs to trust you. right?
Good credit reports, payment history and no defaults all help with this.
I'm not saying that we'll hand out bitcoin loans for house's but the point is about building a good credit report with the bank.
We use your savings to secure loans IF you need one, we also loan your savings to other people in the bank, that how a savings account earns interest etc. You have access to your savings at any time you please, so long as there are no outstanding loans to pay on your account.
After 2 maybe 3 loans, then the bank might be willing to give a loan higher than your savings. at an increase of 0.45bitcoin per loan as an example, depending on the amount in your savings
As for the Fee's, i didn't say its going to be a huge amount, it all depends on the amount loaned.
As for the accusation "please don't lie about SWIFT." now what makes you think we are lying?
Have you looked into the eligibility and requirements for using SWIFT?
Do you know what category group we as a bank fall into with SWIFT?
Do you know what documents are required to request access to SWIFT and how payments are processed by the bank and SWIFT?
Don't compare your site with bank because your process is different and stupid.
Seriously give me 1 reason why anyone will use your site to get something which he already have.
Usually people needs loan when wants to buy something but he don't have enough money. Lets say I have 10$ I want to buy 11$ thing. I need 1$ loan urgently, now thru you site i can't get that 1$ as loan.
You will take my all money and give me my 10$ back as loan and charge fees for that.
Did you have ever seen anyone giving 1000$ to bank to get 1000$ loan.
Yes Bank gives loan Good credit reports, payment history and no defaults but they don't ask for money nor they freeze your money that's in your bank account .
oh and sorry i don't know answer of all the questions you asked about swift, so kindly please let me know answer of those questions as you are running a bank.