Bitcoin Forum
June 20, 2019, 02:43:25 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: how much interest do you charge when lending bitcoins  (Read 770 times)
ripplehd1
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250


View Profile
June 11, 2017, 11:59:00 PM
 #1

i charge 1.2% but what is the recommended interest rate to charge can you explain everything about the best interest rates and the best forumla to calculate it Huh
1561041805
Hero Member
*
Offline Offline

Posts: 1561041805

View Profile Personal Message (Offline)

Ignore
1561041805
Reply with quote  #2

1561041805
Report to moderator
1561041805
Hero Member
*
Offline Offline

Posts: 1561041805

View Profile Personal Message (Offline)

Ignore
1561041805
Reply with quote  #2

1561041805
Report to moderator
1561041805
Hero Member
*
Offline Offline

Posts: 1561041805

View Profile Personal Message (Offline)

Ignore
1561041805
Reply with quote  #2

1561041805
Report to moderator

Mine RVN and with 0% mining fees and get paid in BTC, ETH, XMR or RVN.

www.cudominer.com Get Cudo Miner
Auto coin switching, third-party miners, overclocking and remote management (Win/Linux)
Run from a USB stick or install from an ISO image (Linux)
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1561041805
Hero Member
*
Offline Offline

Posts: 1561041805

View Profile Personal Message (Offline)

Ignore
1561041805
Reply with quote  #2

1561041805
Report to moderator
1561041805
Hero Member
*
Offline Offline

Posts: 1561041805

View Profile Personal Message (Offline)

Ignore
1561041805
Reply with quote  #2

1561041805
Report to moderator
ktabb
Full Member
***
Offline Offline

Activity: 266
Merit: 103


View Profile WWW
June 12, 2017, 02:10:44 AM
 #2

i charge 1.2% but what is the recommended interest rate to charge can you explain everything about the best interest rates and the best forumla to calculate it Huh

I don't see why btc loan interest rates would be any different than USD. 1.2% seems very low but it all depends on the amount of the loan, length of time, and how well you can verify that the borrower has stable income and means of paying you back.

I am guessing that you can't really verify their credit score or income for these loans, although I could be wrong. If this is the case, I think an interest rate of 7-10% would be more appropriate if it is a loan for like a couple years. If you can verify income and a good credit score, and it is a relatively short loan then maybe something more like 4-5% might be more appropriate.

Astvile
Sr. Member
****
Offline Offline

Activity: 910
Merit: 264


Free Crypto in Stake.com Telegram t.me/StakeCasino


View Profile
June 12, 2017, 02:22:01 AM
 #3

I just charge a normal rate of 1.2% also for everyweek that he didnt pay depending on the amound sometimes the loaner offers a 10% after 1 a week i accept that offers also but i will decline offers lower than that within a week

n0ne
Hero Member
*****
Offline Offline

Activity: 1204
Merit: 508


Free Crypto in Stake.com Telegram t.me/StakeCasino


View Profile WWW
June 12, 2017, 02:36:40 AM
 #4

The profit percentage needs to be decided based on the amount of lending as well the days of return. If the amount lended is very small and the time period is small, then need to provide with a low percentage of interest and for bigger amount increased percentage of interest need to be set based on the collateral submitted.

freebutcaged
Hero Member
*****
Offline Offline

Activity: 588
Merit: 541


View Profile
June 12, 2017, 03:45:46 AM
 #5

I wont lend with interest if I ever decide to lend Bitcoins to someone I wouldn't take any interests from the person, well perhaps I could

Charge %15 annually in Bitcoin and not in dollar. if I am able to earn more with my money then why would I give it to anyone as a loan?

If I had extra money which I didn't need at all then I would've lend it with very low interest rate, only if everyone were like me though.
asriloni
Legendary
*
Offline Offline

Activity: 1260
Merit: 1002



View Profile
June 12, 2017, 03:58:06 AM
 #6

i charge 1.2% but what is the recommended interest rate to charge can you explain everything about the best interest rates and the best forumla to calculate it Huh
It depends on your agreement with the borrower. But I hink you must take a look on the lending section and try to see the suitable charge for your lending service. I will vote 0.5 - 1 percent. You must made a good deal with the borrower.



▄▄                                  ▄▄
 ███▄                            ▄███
  ██████                      ██████
   ███████                  ███████
    ███████                ███████
     ███████              ███████
      ███████            ███████
       ███████▄▄      ▄▄███████
        ██████████████████████
         ████████████████████
          ██████████████████
           ████████████████
            ██████████████
             ███████████
              █████████
               ███████
                █████
                 ██
                  █
veil|     PRIVACY    
    WITHOUT COMPROMISE.      
▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂
|   NO ICO. NO PREMINE.  
  X16RT GPU Mining. Fair distribution.  
|      The first Zerocoin-based Cryptocurrency      
  WITH ALWAYS-ON PRIVACY.  
|



                   ▄▄████
              ▄▄████████▌
         ▄▄█████████▀███
    ▄▄██████████▀▀ ▄███▌
▄████████████▀▀  ▄█████
▀▀▀███████▀   ▄███████▌
      ██    ▄█████████
       █  ▄██████████▌
       █  ███████████
       █ ██▀ ▀██████▌
       ██▀     ▀████
                 ▀█▌




   ▄███████
   ████████
   ███▀
   ███
██████████
██████████
   ███
   ███
   ███
   ███
   ███
   ███




     ▄▄█▀▀ ▄▄▄▄▄▄▄▄ ▀▀█▄▄
   ▐██▄▄██████████████▄▄██▌
   ████████████████████████
  ▐████████████████████████▌
  ███████▀▀▀██████▀▀▀███████
 ▐██████     ████     ██████▌
 ███████     ████     ███████
▐████████▄▄▄██████▄▄▄████████▌
▐████████████████████████████▌
 █████▄▄▀▀▀▀██████▀▀▀▀▄▄█████
  ▀▀██████          ██████▀▀
      ▀▀▀            ▀▀▀
MMysterious
Sr. Member
****
Offline Offline

Activity: 784
Merit: 250


Revolutionizing Crypto Payment Solutions


View Profile
June 12, 2017, 08:10:53 AM
 #7

The interest probably would depend how much the person is lending. But usually the lowest amount would be around 0.5-1% minimum of a month, I think I saw that somewhere. But you can actually make an agreement with the loaner.













▄▄█████████▄▄
▄█████████████████▄
▄██████████▀▀█████████▄
▄█████████▀    ████████▀
▄████████▀  ▄█  ██████▀  ▄▄
███████▀  ▄▀██  ████▀  ▄███
█████▀  ▄██  █  ██▀  ▄█████
███▀  ▄████  ██▄▀  ▄███████
▀▀  ▄██████  █▀  ▄████████▀
▄████████    ▄█████████▀
▀█████████▄▄██████████▀
▀█████████████████▀
▀▀█████████▀▀




 ▄▄ ▄▄▄▄▄   ▄▄     ▄▄  ▄▄ ▄▄▄▄▄     ▄▄▄▄▄▄   ▄▄     ▄▄
 ██▀▀▀▀▀██  ██     ██  ██▀▀▀▀▀██     ▀▀▀▀██  ██     ██
▐█▌    ▐█▌ ▐█▌    ▐█▌ ▐█▌    ▐█▌ ▄████████▌ ▐█▌    ▐█▌
██     ██  ██▄▄▄▄▄██  ██▄▄▄▄▄██  ██▄▄▄▄▄██  ██▄▄▄▄▄██
▀▀     ▀▀   ▀▀▀▀▀ ▀▀ ▐█▀▀▀▀▀▀▀    ▀▀▀▀▀▀▀    ▀▀▀▀▀▐█▌
                     ██                       ▄▄▄▄██
                                             ▀▀▀▀▀▀




























███████▀ ██▄████▄ ▄██████▄ ███████▀
  ▐█▌   ▐█▌    ██ ██         ▐█▌
  ██    ███████▀ ▐█▌         ██
 ▐█▌   ▐█▌       ██         ▐█▌
 ██    ██        ▀██████▄   ██
▄▄█████████▄▄
▄█████████████████▄
▄██████████▀▀█████████▄
▄█████████▀    ████████▀
▄████████▀  ▄█  ██████▀  ▄▄
███████▀  ▄▀██  ████▀  ▄███
█████▀  ▄██  █  ██▀  ▄█████
███▀  ▄████  ██▄▀  ▄███████
▀▀  ▄██████  █▀  ▄████████▀
▄████████    ▄█████████▀
▀█████████▄▄██████████▀
▀█████████████████▀
▀▀█████████▀▀












syaripudin
Sr. Member
****
Offline Offline

Activity: 616
Merit: 253


Decentralized Gaming Platform - Play & Earn $


View Profile
August 05, 2017, 11:06:03 AM
 #8

I have never done that, but I know little about the interest earned on a given loan. About 1% even more the amount of interest to be paid. But there is no provision what percentage of interest to be paid, all depends on the agreement. Between the lender and the person who borrowed. Tips that must be done in providing loans. Choose someone you think you can trust, so you do not lose money on the loan you have given. Because this often happens on the grounds that the borrower does not get the target bitcoin. And can not afford to pay off an existing loan.

    ░░░░░░░░░░░░░░░                ░░░░░░░░                   ░░░░░░░░
    ░░▒▓▓▓▓▓▓▓▓▓▓▓▓▒░░░░          ░░▒▒▓▓▒▒░░                 ░░▒▒▓▓▒▒░░
    ░░▒▓▓▓▒▒▒▒▒▒▓▓▓▓▓▒░░░░       ░▒▒▓▓▓▓▓░░                 ░▒▒▓▓▓▓▓░░
    ░░▒▓▓▓░     ░░░▒▓▓▓▒░░░     ░░░▓▓▓▒▒▓▓░░░              ░░░▓▓▓▒▒▓▓░░░
    ░░▒▓▓▓░       ░░▒▒▓▓▒░░    ░░▒▓▓▓░░▒▒▓▓▒░░            ░░▒▓▓▓░░▒▒▓▓▒░░
    ░░▒▓▓▓░         ░░░▓▓▒▒░ ░░░▒▓▓▓░░░▒▒▓▓▒░░          ░░░▒▓▓▓░░░▒▒▓▓▒░░
    ░░▒▓▓▓░         ░░▒▓▓▒░  ░▒▒▓▓▓░░░░░░▒▓▓▒▒░         ░▒▒▓▓▓░░░░░░▒▓▓▒▒░
    ░░▒▓▓▓░         ░░▒▓▓▒░  ░▒▓▓▓░░░░░░░░▓▓▓░░         ░▒▓▓▓░░░░░░░░▓▓▓░░
    ░░▒▓▓▓░          ░░▓▓▒▒░ ░▒▓▓▓▓▓▓▓▓▓▓▓▓▓▓▒░        ░▒▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▒░
    ░░▒▓▓▓░        ░▒▒▓▓▒▒░░░▒▓▓▓▒░░░░░░░░▒▓▓▓▒░░░     ░▒▓▓▓▒░░░░░░░░▒▓▓▓▒
    ░░▒▓▓▓░      ░░▒▓▓▓░░░░░▒▓▓▓▒░░░░░░░░░░▒▓▓▒▒░░    ░▒▓▓▓▒░░░░ ░░░░░▒▓▓▒▒
    ░░▒▓▓▓▒░░░░░▓▓▓▓▓▒▒░░░░▒▒▓▓▓░░       ░░▒▒▓▓▒▒░░ ░░▒▒▓▓▓░░        ░▒▒▓▓▒▒░░
    ░░▒▓▓▓▓▓▓▓▓▓▓▓▓▒▒▒░ ░░░▒▓▓▓▓░░        ░░░░▓▓▓▒▒░ ░▒▓▓▓▓░░        ░░░░▓▓▓
    ░░░░░░░░░░░░░░░░      ░░░░░░░░          ░░░░░░░ ░░░░░░░░          ░░░░░░░░ 
DABANKING  ──────────────
The Decentralized Gaming Platform
Follow us:

                          ▄▄▄
                    ▄▄▄██████
              ▄▄▄█████▀▀████▌
        ▄▄▄████████▀ ▄██████
  ▄▄▄██████████▀▀  ▄███████▌
▀███████████▀   ▄██████████
   ▀▀▀███▀    ▄███████████▌
        █▌  ██████████████
        ▐█ ██████████████▌
         █████▀ ▀████████
          ██▀      ▀████▌
                      ▀▀

             ▄████▄▄   ▄
█▄          ██████████▀▄
███        ███████████▀
▐████▄     ██████████▌
▄▄██████▄▄▄▄█████████▌
▀████████████████████
  ▀█████████████████
  ▄▄███████████████
   ▀█████████████▀
    ▄▄█████████▀
▀▀██████████▀
    ▀▀▀▀▀

||
YOUTUBE
MEDIUM
DISCORD

DAA Token
Algorithm by Proof of Stake

  ▸  Mining Now-Earn ETH Lifetime  ◂  
Decoded
Legendary
*
Offline Offline

Activity: 1232
Merit: 1024


give me your cryptos


View Profile
August 05, 2017, 11:10:53 AM
 #9

I purposely try avoiding taking or giving loans with Bitcoin, because you can never be sure that you will get your money back. Usually I ask for whatever is reasonable. If it's a small amount, I need a sum that I'd worth my time. If it's a big amount, I don't want to take $100s of dollars.

WTS 27/100 funded bitpiece, dm me offers

Also looking for a signature campaign, dm me for that too
Lieldoryn
Sr. Member
****
Offline Offline

Activity: 630
Merit: 272


View Profile
August 05, 2017, 11:11:20 AM
 #10

I don't understand those who take a loan in bitcoins. It is necessary not to have a brain at all. Bitcoin is growing in value even if the loan is interest free then the person may year to pay 100 percent or more. It is much better to take a loan in Fiat at any percent.
dothebeats
Legendary
*
Offline Offline

Activity: 1862
Merit: 1124

don't ruin my PCRs dammit.


View Profile
August 05, 2017, 11:15:00 AM
 #11

1-2% depending on how long and how big the loan is. Also, I'm asking 10% on top of the offered collateral to make sure that the borrower would not default. I don't really offer lending anymore but I used to and this is my rates if you want to learn. Only done it twice and it's not really profitable, just a good way to refrain you from spending btc.

loopes
Sr. Member
****
Offline Offline

Activity: 658
Merit: 251


View Profile WWW
August 05, 2017, 11:19:31 AM
 #12

i charge 1.2% but what is the recommended interest rate to charge can you explain everything about the best interest rates and the best forumla to calculate it Huh

quite sure 1.2% is not bad. it's like my friends recommend rates for me before.
Turkiwi
Member
**
Offline Offline

Activity: 117
Merit: 10


View Profile
October 04, 2017, 11:10:25 AM
 #13

i charge 1.2% but what is the recommended interest rate to charge can you explain everything about the best interest rates and the best forumla to calculate it Huh

1.2% / per month/day/year?

when calculating interest always keep in mind the timeframe/timeline, in this case you haven't givin it to us. A typical loan from a bank can be acquired for 10% interest / year, which makes it a month interest of 0.83%. Personally I'd expect something along these lines, if not cheaper, since blockchain lending reduces many of the costs associated with traditional lending practicies, something like 8% / year would be very attractive IMO
glowing10
Full Member
***
Offline Offline

Activity: 658
Merit: 121



View Profile
October 04, 2017, 11:26:59 AM
 #14

I do not prefer giving any loan to anybody as I require myself sometime btc on urgent basis and more over when I do not the other person I do not prefer giving any loan irrespective what ever % they may provide unless and until that person is very reputed and would not scam then I may offer the loan. Interest rate would differ from loan amount,  person credibility etc in such case.

European Central Bank
Legendary
*
Offline Offline

Activity: 1288
Merit: 1080



View Profile
October 04, 2017, 12:42:13 PM
 #15

why would anyone lend any coins to anyone? it's ridiculous and pointless. they don't need it. the only way they ever get anywhere is by providing collateral. why not sell the collateral? the lending thing has never made any sense to me.
flippener
Full Member
***
Offline Offline

Activity: 294
Merit: 101



View Profile WWW
October 04, 2017, 07:30:10 PM
 #16

I lend out my BTC, about half on Poloniex and half on Bitfinex using a lending bot. Typical rates are 0.017% per day, with most loans being for two days. It works well for me.

..C..
.....................
........What is C?.........
..............
...........ICO            Dec 1st – Dec 30th............
       ............Open            Dec 1st- Dec 30th............
...................ANN thread      Bounty....................

theunbeatable
Sr. Member
****
Offline Offline

Activity: 546
Merit: 258

I could either watch it happen or be a part of it


View Profile
October 04, 2017, 07:37:58 PM
 #17

i charge 1.2% but what is the recommended interest rate to charge can you explain everything about the best interest rates and the best forumla to calculate it Huh

I'M not lending BTC to someone, but for some cases the condition is this. It might be unfair but BTC is really an important investment for me, so I charge as high as 40% of the total amount of BTC that he borrowed.
Because you have no proper standard then you must decide for yourself, a 5% is enough and here is an online calculator of interest rate :
https://www.calculatorsoup.com/calculators/financial/simple-interest-plus-principal-calculator.php
Quantex
Member
**
Offline Offline

Activity: 90
Merit: 10


View Profile
October 04, 2017, 07:48:13 PM
 #18

why would anyone lend any coins to anyone? it's ridiculous and pointless. they don't need it. the only way they ever get anywhere is by providing collateral. why not sell the collateral? the lending thing has never made any sense to me.

That's right, it doesn't make any sens for me too. And It's not secure, is it? Why shall I lend my valuable bitcoins to others? I just don't understand this. They don't even guarantee that I'll get them back at the end.
JunoCoin
Member
**
Offline Offline

Activity: 66
Merit: 10


View Profile WWW
October 04, 2017, 07:51:52 PM
 #19

The interest rate is the price of the coin. Higher the demand for coins the higher the interest rate. People borrow coins to leverage.
My max lended was 270% annual.

nizamcc
Legendary
*
Offline Offline

Activity: 1218
Merit: 1007



View Profile
October 04, 2017, 08:16:15 PM
 #20

i charge 1.2% but what is the recommended interest rate to charge can you explain everything about the best interest rates and the best forumla to calculate it Huh

It depends on a lender-by-lender basis and the place where they are lending their coins because online portals like BitLendingClub, BitBond, BTCJam, etc. won't  let you get much higher rates that you could get here. But chances of getting scammed at those portals are lesser compared to being scammed here because when you lend here, you are not aware of borrower's intentions whether they would repay or not. I personally charge nothing just for the sake of my religion because it doesn't allow us to take any interest while giving money to anyone.
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!