Quote from: kii552007_alt on January 12, 2018, 06:08:04 AM

Greetings community!

So I mentioned I'm in need of a business loan earlier, and I'm now have the honor to have user "biulas" filling my loan
request again!
As we agreed to make this public, and we also think this might be a good example case of rare no-collateral loan on this forum, so we decide to make a thread so everyone can see what are we doing here!

My first loan with biulas was about personal loan ($100 at first, somehow became $200 later), it was repaid in time, and the experience was wonderful!
So later, I had a conversation with biulas, telling about I am in need of a bigger business loan recently, which will have a great revenue if I can take the opportunity.
Without hesitation, biulas said he will take that into consideration, and asked for the loan amount.
As the amount is bigger, we agreed that I should provide all the docs he need, and he will deliver them to his partners and law firm for further discussion. Though there were some urgent matters on his side, and I was quite worried about not getting the loan in time, biulas is really thoughtful and try to get everything done as soon as possible for me. Finally, after several back-forward message exchange, we have the following agreement:

"I just receive the memo from my partners and our Chinese law firm partners at Dexxxx Law Offices, Beijing , and the following was agreed:
The lender part of current agreement has full understandment that this lending process will help to fund a project on which without them, is in jeopardy of being refused
A sum of 0.07 BTC is to be lended to your person, hereby known as borrower, with name Clxxx Cxxxx,
A fixed 30% interest will be applied to the amount lended in BTC.
The parties agree on a 4 week payment plan, which will include the 30% interest fees.
Each parcel of the value is calculated in a weekly resettlement of 0.0175 BTC, which should be paid on 17th, 22nd, 29th January and 5th February 2018, respectively.
Upon total repayment, the sum of interests and initial capital cannot be less tan the current exchange amount at website www.preev.com . As per this hour, total amount principal and interested sums 0.091 BTC, which exchanges to 1233 USD.
Resettlements have to paid in BTC and BTC only, by the total final amount of 0.091BTC (principal plus interest) having the previous requisite in consideration.
For every day the resettlement is due, we reserve the right to charge additional 2% fee if borrower fails to comply with resettlement obligation.

Quote from law firm memo:
Also, taking in consideration the terms and means of contact established by the borrower, and the matter of urgency, we waive the rightful right to establish a written contract with due diligences. We consider that the documents sent and the expressed signed, by hand or digitally with valid certificate, of this e-mail, would be enough for a quick litigation in order to recover the funds lended to the borrower.
Lender will have to print this e-mail, sign it according passport sent, and date it. Also, a selfie holding the signed and dated e-mail will be necessary due to legal concerns."

Thanks to biulas's kind help, the loan has now been fulfilled, TX ID:
fd83aad49c6e7d69ac5bbaa11d003bfb4e0228a704397dca06cd800db157d169
b06ff254186dae089fa50cc9bc65dac9aea64564b2928858d9292ece1f958f07

I will reply here when I repay the loan on the agreed repayment dates, and I hope this could be a reference for the future loans in this forum!
Thanks again for biulas's help, you're really awesome! Cheesy

Quote from: biulas on January 12, 2018, 08:35:59 AM

Let me just add that it was kii552007_alt that sent me e-mail to go public, which I agreed.

Needless to say, I reckon this user is an example to us all.

He has been feedbacking me every single day, already even sent me undoubtful proof of payment from his costumer!

So may this thread serve both out interests, in gaining the respect of senior members and veterans.

Sadly it can hardly be used as a reference for future loans. Probably only to show you had a loan and you repaid, but real lenders will look at the risk (which in this case is very high) and will request collateral. On top of that, this post along with biulas post kind of annoys me alittle because its almost like it is plan out to post publicly about the loan only to seek trust especially when (like warningsigns said) the transactions are between two young accounts (with one seeming to have a very large gap in posting history - farm account maybe?). This, alone, is a red flag in my books.