Best way to get a loan on BTCJam

[dstriker]

I've been toying with the idea of getting a loan to upgrade 1 or more of my jalapeños.  I have two Singles on order already.

What's a reasonable rate for a loan.

Let me guess lenders will say 50% and borrowers will say 2%.  Is there something realistic?

[1715045732]

1715045732

[BurtW]

Just check out the rates that people are offering for the same loan.  There are several loans related to purchasing ASIC mining gear.  You can use them as a guide.

[mjc]

I offered profit sharing for large investors.  15 BTC got them 3% of one of my singles per month, until my loan was paid off.  I filled in a couple of days.

[wholesaler]

I'm an avid lender there 6.5%-10% is the best and you'll get funded a lot quicker.

And how long is the loan for ?

[Korbman]

Honestly, I don't care about the APR as much (though between 5-10% would be ideal for such a loan).

The only points that matter to me are (in order of importance):
a) Reputation and payback history
b) Length of the loan
c) Loan amount desired
d) Contingency plan should more ASIC delays occur
e) APR

[dstriker]

Thanks for the feedback.  I'm still not sure if I want to do this or not.  If I do I'll probably stick to funding an upgrade of two the four jalapeños I have on order now, since I can afford to pay that back with no problems if there are delays.  I do have two early Singles orders, I thought about waiting until I can start mining with them.  then I would likely be even further back on the list.