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Re: newbie question regarding loan
by
zazarb
on 29/04/2018, 10:29:44 UTC
⭐ Merited by condoras (1)
Hello!

I wanted to know if a person here take a loan for example of 0.1 BTC the worth 1000$ ( for example )

and people are giving him X money/BTC for his loan
when he will need to return the loan is he return th X amount of money that he take for a loan or X amount of BTC

I am asking because if for example I toke an loan of 0.1 BTC that worth 1000USD and I said i will repay next month and the next month 0.1 BTC worth 1500 USD
so how much i need to return still the 0.1 BTC or 1000 USD?

Thank for the help !


if loan not tied to fiat by agreement, you should repay 0.1BTC +interest, no matter what the BTC price is at that time.