- snip -
I understand that it is your terms, but that is just patently absurd, IMHO. Can you clarify why do loanee only getting 85% of the loan amount?So, if someone gets a loan of 1 BTC, the loanee are paying 0.85 BTC + 0.1725 BTC + 0.15 BTC + 0.15 BTC for a one month loan duration.
Code:
Loan amount: 1 BTC
Loan duration: 1 month
Interest per month: 15% of [Loan amount+15% of loan amount]
1 BTC(0.85 BTC + 0.15 BTC) = Loan amount
0.1725 BTC = Interest
0.15 BTC = 15% of loan amount(?) <- What is this for?!
Total: 1.3225 BTC
No why, that's my offer.