Post
Topic
Board Lending
Re: [Quick service] [Check if you apply] Bitcoin Loans getline.in
by
ultramatrix
on 16/07/2017, 15:54:38 UTC
1. Borrowers requested rate might be .08 percent a day on 1 bitcoin .  Borrowers initial burnout will only be 30 days it Is taken out based on his requested rate of .08

So borrower now has 30 days in burnout from that 1 btc . He will be able to withdraw everything except .08 x 30  Which is the calculation for his burnout.  So his min payment would have to be 2.4 percent on 1 btc .

Just to maintain his credit lines burnout .

2.  Now lenders effect burnout more than you think . Lender sets lets say .16 percent that will lower the borrowers burnout to 15 days .   If Lender cuts his credit line on borrower this takes away borrowers running credit line as well .  Lenders coins will be paid back directly to persons account when he makes a payment .


This is only from my understanding on how the site works .