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Author Topic: Is there any way getting Bitcoin loan without collateral  (Read 142 times)
fromindia (OP)
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May 15, 2024, 12:55:01 AM
 #1

Hello,
All traditional bank gives personal loan without collateral just by verifying and keeping some documents.
 Is there any way doing the same for Bitcoin?
hugeblack
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May 15, 2024, 03:10:05 AM
 #2

Hello,
All traditional bank gives personal loan without collateral just by verifying and keeping some documents.
 Is there any way doing the same for Bitcoin?
What is the bank that gives you loans without guarantees or a review of your credit history? Loans and banks are profit-making institutions and you will not spend money for free without guarantees that you will receive profits.
All lending services in Bitcoin are centralized, and returning the money in Bitcoin may be more expensive than borrowing in traditional ways, so you must provide your data or give a guarantee in altcoin.
fromindia (OP)
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May 15, 2024, 03:29:51 AM
 #3

Thank you for your reply. Personally, I
need a quick loan for my business. It is around 5000 USD or equivalent BTC. I am willing to pay interest maximum 10 percent interest.

But I don't know how to get this loan. Who will give me this loan and how I could get this loan?
adaseb
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May 15, 2024, 03:57:31 AM
 #4

As far as I know it’s next to impossible to get a crypto loan without collateral. There are some people on bitcointalk which gives loans but you need collateral like some alt coin or the password to your bitcointalk account, etc.

Traditional banking is different. Banks give uncollaterlized loans because they see your credit profile. If they see you always pay your debt on time, they feel comfortable loaning you money.

If they check your credit and see a bunch of bankruptcies and delinquencies then you won’t get an uncollaterlized loans even at the bank.
fromindia (OP)
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May 15, 2024, 04:08:21 AM
 #5

My problem is : Right now I am living in another country. So, I am not getting loan from here. But I need emergency fund around 5000 USD or equivalent BTC. Is there any way getting it online? Actually I am finding no other way.
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May 15, 2024, 04:17:36 AM
 #6

My problem is : Right now I am living in another country. So, I am not getting loan from here. But I need emergency fund around 5000 USD or equivalent BTC. Is there any way getting it online? Actually I am finding no other way.

A straightforward answer to your question would be no, you can't get a loan without any collateral online because no one would risk giving away $5,000 or even less to someone they don't even know without some guarantee that they are going to get their money one way or the other. When you use collateral, the lender knows that even if you default and don't repay the loan, they can liquidate the collateral and get their money back, and if you don't have anything to offer, you are not going to get anything.

Unless you have a very good reputation, you are known to borrow and repay loans on time, and there is a person who trusts you with this, there is no other way for you to achieve this. Banks give you personal loan by taking your documents because in case you don't repay the loan, your documents can be used for legal procedures against you.
CODE200
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May 15, 2024, 04:22:15 AM
 #7

If you're talking about asking for a loan here, I think that you're probably not going to get any luck with that one,  you're a newbie and you clearly don't have any kind of reputation here in the forum that would make it so you're going be trusted no matter what, it's also difficult to even do that even if you've got a reputation, I mean look at your rank, you can easily abandon that account just to run away/default the loan. No matter how sincere and dire your need for money is, this isn't the right place for you to ask for a loan without a collateral, no one will care because scammers are doing this kind of thing too, they let you get away, then others will follow suit.
sheenshane
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May 15, 2024, 04:26:14 AM
 #8

Is there any way getting it online? Actually I am finding no other way.
Do you have an e-wallet?
If you consistently use it you can apply for a loan without collateral.
Just like Paymaya if you have which I already tried.

I think there's no way you can take a loan without collateral, especially in crypto services or even in crypto exchanges.
It's the same way in the banks, if there is, for sure it's a high interest rate.

By the way, upon stumbling online and searching, I found this article or blog that might help you if you will read.
So good luck!
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May 15, 2024, 04:43:14 AM
 #9

All traditional bank gives personal loan without collateral just by verifying and keeping some documents.

False, you are distorting the truth for what interests you. If the bank gives you a personal loan without collateral it is not just to give you some documents, first they will make sure that you have a good credit history, as mentioned, and above all that you have a regular source of income, usually having your paycheck deposited with them.


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fromindia (OP)
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May 15, 2024, 04:47:12 AM
 #10

Thank you. I have perfectmoney e- wallet. But that is not also working.
pooya87
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May 15, 2024, 04:51:31 AM
 #11

Nobody (including banks) gives anybody money without knowing they have a way of getting it back.
For example when the bank gives you a loan, they know that if you don't pay it back they will come and seize your assets one way or another.

It's the same with a bitcoin loan. The person who gives you the loan needs to know they can get their money back. As an anonymous account on the internet whom nobody knows or trusts, you can not receive a loan without a collateral.
So your only option for a no collateral loan is to find someone in real life who knows you, trusts you and is willing to give you that much money.

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Apocollapse
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May 15, 2024, 05:01:59 AM
 #12

Ask your parents, siblings or any of your family to take a loan in your country, ask them to transfer the money to your banks or e-wallet, then use the money to buy Bitcoin. I don't understand why you make it complicated when you said taking loan without collateral is easy in your country.

If it's really emergency e.g. medical bills, foods, etc, try to open a donation and seek help from charity or other people on the street.

fromindia (OP)
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May 15, 2024, 05:22:08 AM
 #13

Let me clear my problem
 Right now I am in Singapore for treatment. Already have come here taking good sum of money from my country. But I need still around 5000 usd.  I am here for the treatment of my father. Unfortunately getting no way. For this reason I am looking for a loan. Importantly I need around 6 months or so to return back the loan.
davis196
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May 15, 2024, 06:10:59 AM
 #14

Hello,
All traditional bank gives personal loan without collateral just by verifying and keeping some documents.
 Is there any way doing the same for Bitcoin?

Really? I thought that the "traditional" banks require someone to guarantee the personal loan for you. So if you don't repay the personal loan, somebody has to repay the loan instead of you. Grin The banks aren't that dumb and they don't give away money to the people just like that.
The same thing applies to all the "payday loan" companies, which don't have a banking license.
Good luck trying to find someone, who will lend you a cryptocurrency(that has irreversible transactions) without a collateral.
The world might be full with intellectually challenged people, but I'm sure that you won't be able to find such dumbass.

fromindia (OP)
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May 15, 2024, 07:04:34 AM
Last edit: May 15, 2024, 07:26:24 AM by fromindia
 #15

Actually I am looking for money in terms of loan or charity. Is there any way? I am in emergency.

And I am sorry to all for asking help. Real thing is that I need emergency fund for medical purpose, whereas, there is nobody to help me. The owner of this forum may be creator of crypto and there may be very rich crypto holder here. But, I am quite sure that nobody is generous
Hatchy
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May 15, 2024, 08:10:45 AM
 #16

Hello,
All traditional bank gives personal loan without collateral just by verifying and keeping some documents.
 Is there any way doing the same for Bitcoin?

Hope you are able to point us to such bank that grants you loan without a collateral.  Huh Maybe somany people would just stick to such bank instead of getting loans online like here on the forum.  Why did you try to make it look like Bitcoin is some sort of super currency that would be lent out without something like a colleteral?  To get loan here on the forum, there are even some certain things that would be considered before they will give it to you. There's no way someone would stupidly give out money without having something like a colleteral just Incase the person defaults his loan.

R


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fromindia (OP)
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May 15, 2024, 08:31:09 AM
 #17

Is there any way of getting charity here?
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