Sorry, I am packing up my lending business. Lost too much money here.
Sorry to hear bro. Every business is a risk. But lending business without collateral is more risk. And I think it is 99% chance to be defaulted.
I think:
Loan can be defaulted anyway. But according to me risk can be as mentioned below.
1. loan with no collateral 99% risky (depends on amount and rank)
2. Electronics good as a collateral 60% risk as price can be changed more than thinking. So if loan default then there will be no way to cover the amount.
3. Domain as a collateral 50% risk. As domains price can be manipulate.
4. Others accounts as collateral eg: youtube 80% risk. As it can be restored.
5. New listed coin 30% risk. As price can drop too fast.
6. Low volume coin 45% risk. As if price drop there will be no way to sell or will have to sell more lower.
I want to say only altcoin collateral which is listed on multi exchange and volume is good can be risk free.