4.88 BTC has been repaid over the course of several months, ultimately all BLC loans will be fully paid less than a year after they were due. The 5% interest rate is actually phenomenal compared to any other loan-type investment even for a year, and I plan on sending some extra interest.
Hello Mr. Zachary Gruskin
4.88 BTC was paid over several months, but 20 BTC was due several months before any of these payments even started, correct?
Your 5% interest rate is much lower then what is available for even those with a steady income a excellent credit for a personal/signature loan. On an APY basis, your lenders should have received somewhere around 60% if your loan was repaid on time, and your lenders did not agree to lend you 20 BTC for a year when they gave you the loan.