Offering 0.04 to 0.3 BTC Loans | No Collateral | Australia Only

[glennmatthew]

Overview:

I am offering short-term loans of 0.04 to 0.3 BTC to other Australians, without the requirement of collateral.

Funding:

Funding will be processed within 2 hours of verification being completed.

Repayment:

Repayments are to be made to 16KYZdRbJ85xJKUhjx88hFTW4PBba8E7Sd
Part-payments are not accepted.

Application Process:

1. Post in this thread:

Loan amount requested:
Proposed loan length:
Purpose of the loan:
Funding option:

2. If you are a NEW borrower, you need to verify your name and address so I can confirm you're Australian.

Option 1 - quick verification (2-12hrs)

Send me a Private Message including the following.
Your full legal name:
Your mobile phone number:
Your residential address:
Your BSB & account number:

Option 2 - mail verification (24-48hrs)
Your details will be verified against the Australian Electoral Role, which is public information.

Send a Private Message with:
Your full name:
Your postal address:
A cheque will be posted to you in the mail.
Simply deposit the cheque to your bank account.
The funds sent by cheque are a gift and non-repayable.

Option 3 - in person (variable)

Arrange to meet me in Sydney CBD or Parramatta CBD.
I will request your first name and mobile number.
No other personal information will be requested or retained.

Loan Options:

Loans are available between 1 and 30 days.

5% of the principle amount + 24%p.a. interest, calculated daily.

e.g. 0.04 BTC loan over 7 days requires a repayment of 0.0422 BTC (principle & interest).

My details:

Exempt from an Australian credit licence under RG:203 s6(1).
All credit is provided by myself, a natural person, in New South Wales, Australia.

Acting as a legally registered business in NSW, Australia: ABN 76 746 836 598


Do you really need a loan today?

It can be expensive to borrow small amounts of money and borrowing may not solve your money problems. Check your options before you borrow:

For information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and Independent financial counsellor
Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan
If you are on government benefits, ask if you can receive an advance from Centrelink: Phone: 13 17 94
The Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.

This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.

[marcotheminer]

I just provided you with a loan. I didn't expect you to provide loans not long thereafter.

Sensitive information (shown below) should be held by a 3rd party escrow (monbux, devthedev or escrow.ms to name a few)

Your full legal name:
Your mobile phone number:
Your residential address:
Your BSB & account number: (even for bitcoin loans)

Additionally, 42% interest on a 2 week loan is quite a large amount.

[glennmatthew]

I just provided you with a loan. I didn't expect you to provide loans not long thereafter.

And you took 9 hours to fund the loan after collecting the collateral, get off your high horse.

1. It's the weekend, I have 2 BTC pending in an exchange that will be processed Monday (about 18 hours from now).

2. As for 'sensitive information', it's up to the borrower to disclose. If I'm risking $100 without collateral, I reserve the right to know whom I am lending money.

3. I believe the free market gets to dictate the price, not your opinion.

[RCHumphrey]

Personal info like that can be worth easily more than $100 in the wrong hands. Don't be silly people...

[glennmatthew]

Personal info like that can be worth easily more than $100 in the wrong hands. Don't be silly people...

Rather than sending these details in a Private Message, I will happily accept an email to my work email address.

I work for one of Australia's big banks. I'm not going to risk my job and prison time for $100.

[Bitcoins101]

Personal info like that can be worth easily more than $100 in the wrong hands. Don't be silly people...

Nah, information like that is sold in bulk for like $0.01. I wouldn't worry about it if I didn't care about privacy and a relative level of anonymity, but I do care, so I sure as hell wouldn't be sending someone on here that sort of information.

We don't know that you actually work for one of Australia's biggest banks. If you PM all your information to a trusted member, I'm sure they'd be able to confirm what you're saying, though.

[letyouearn]

Loan amount requested: 0.06 BTC
Proposed loan length: 15 days
Purpose of the loan: ISP Bill Payment
Funding option: Bitcoins.
BTC address = 134S3Hbb2xHHjS4kRRoxWYcqVdUCA1jZty

[LiteCoinUser84]

Sending bank account details name and email must be worth more than 1 cent surely. This is very dodgy in my opinion since the owner wants the details and appears to refuse to escrow.

[glennmatthew]

We don't know that you actually work for one of Australia's biggest banks. If you PM all your information to a trusted member, I'm sure they'd be able to confirm what you're saying, though.

Done and agreed. Any suggestions of whom can mediate?

I'd prefer each borrower to take their due diligence regardless what a trusted member says, however I'll play ball because I think this is important as well.

Sending bank account details name and email must be worth more than 1 cent surely. This is very dodgy in my opinion since the owner wants the details and appears to refuse to escrow.

If I was that desperate, I would just pull the details off the bank system that I have full access to. An Australian account number isn't worth anything, is generally treated as unclassified information and posted on public websites. You can keep your opinion to yourself since it's unwarranted.

[Bitcoins101]

Sending bank account details name and email must be worth more than 1 cent surely. This is very dodgy in my opinion since the owner wants the details and appears to refuse to escrow.

Meh, not really. Maybe because it's a bitcoin user and you could theoretically hack or phish with the email address and gain access to bitcoins (though that seems kind of unlikely, considering the financial status of people requesting loans), but not much you can do with just an account number and a person's information. If he works for the bank it's already all at his disposal anyway.

We don't know that you actually work for one of Australia's biggest banks. If you PM all your information to a trusted member, I'm sure they'd be able to confirm what you're saying, though.

Done and agreed. Any suggestions of whom can mediate?

I'd prefer each borrower to take their due diligence regardless what a trusted member says, however I'll play ball because I think this is important as well.

Anyone, really. Preferably someone who uses PGP commonly so you can encrypt your personal information. Maybe devdevdev because he has a thread in this section?

[glennmatthew]

Loan amount requested: 0.06 BTC
Proposed loan length: 15 days
Purpose of the loan: ISP Bill Payment
Funding option: Bitcoins.

Declined. Your bitjam profile indicates you reside in India.

[vipgelsi]

Better getting a loan from the mafia lol

[KWH]

Overview:

I am offering short-term loans of $20 to $100 to other Australians, without the requirement of collateral.

Funding:

Funding will be processed within 24 hours of approval.
You have the choice to receive loan funding in:

• 1. Bitcoin
• 2. Paypal
• 3. Bank deposit

Application Process:

1. Post in this thread:

Loan amount requested:
Proposed loan length:
Purpose of the loan:
Funding option:

2. Once approved, send a private message with:

Your full legal name:
Your mobile phone number:
Your residential address:
Your BSB & account number: (even for bitcoin loans)

Loan Options:

Loans are available between 1 and 30 days.
3% of the principle amount, calculated daily, charged at cessation of the loan.

e.g. borrow $20 for 7 days, pay $4.20 interest.
e.g. borrow $100 for 14 days, pay $42.00 interest.
e.g. borrow 0.05 btc for 7 days, pay 0.0105 btc interest.

You still have no way to confirm the name and other info is correct. And what will you do in the case of default? Sue for a few dollars? Not likely as it will cost more than the loan.
Sending your DOX to an unknown on the internet is nuts.

[glennmatthew]

You still have no way to confirm the name and other info is correct. And what will you do in the case of default? Sue for a few dollars? Not likely as it will cost more than the loan.
Sending your DOX to an unknown on the internet is nuts.

You sir don't understand what personal information is accessible in Australia. I am able to confirm the name is correct from the account number with any bank, it is the only information a bank is allowed to provide anonymously.

Are people really that scared by a genuine offer of lending without collateral? What, am I shaking up the market or something?

[glennmatthew]

I've updated the interest and charges to fully comply with Australian credit legislation.

[KWH]

You still have no way to confirm the name and other info is correct. And what will you do in the case of default? Sue for a few dollars? Not likely as it will cost more than the loan.
Sending your DOX to an unknown on the internet is nuts.

You sir don't understand what personal information is accessible in Australia. I am able to confirm the name is correct from the account number with any bank, it is the only information a bank is allowed to provide anonymously.

Are people really that scared by a genuine offer of lending without collateral? What, am I shaking up the market or something?

And you sir think you are smarter than the scammers, you are not. They have thought every angle and are 2 steps ahead of you.
You confirmed a NAME not the IDENTITY. If you do this for a living you should know better.

[Nellyx]

If you provide me with more information about your job etc I'll take a loan of $100 in BTC, providing you the info you request.

Loan amount requested: 0.22 BTC
Proposed loan length: 7 days
Purpose of the loan: Filling a trade request
Funding option: BTC

[glennmatthew]

If you provide me with more information about your job etc I'll take a loan of $100 in BTC, providing you the info you request.

Loan amount requested: 0.22 BTC
Proposed loan length: 7 days
Purpose of the loan: Filling a trade request
Funding option: BTC

Approved if you are happy to email your private details to my work address directly, as requested.
You can call the bank's general number and request to be transferred to myself if you want confirmation before releasing your details.

Principle: 0.22 BTC
Loan fee: 0.011 BTC
Interest on 7 days: 0.00101260274 BTC
Total repayment amount: 0.2320126027 BTC.

I also act as a registered sole trader, ABN 76 746 836 598, if you would like to verify my details before tomorrow.

[Nellyx]

Provide me with your work email and I'm happy to forward details

[marcotheminer]

I just provided you with a loan. I didn't expect you to provide loans not long thereafter.

And you took 9 hours to fund the loan after collecting the collateral, get off your high horse.

1. It's the weekend, I have 2 BTC pending in an exchange that will be processed Monday (about 18 hours from now).

2. As for 'sensitive information', it's up to the borrower to disclose. If I'm risking $100 without collateral, I reserve the right to know whom I am lending money.

3. I believe the free market gets to dictate the price, not your opinion.

You could have declined my loan if you believe I took too long. I clearly stated it would take me a few hours once you sent through.

Of course free market gets to dictate the price, and that price is much less than 42% from what you can pickup throughout this board.