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.
and how does the interest agreed? each person that want to take the loan says how much he will pay ?
or the person that give the loan saying how much does he want?
Most lender has fixed rates, but some agree negotiate, or another way, when borrower post request (starting new topic) with own rules and terms, and waiting until someone meet this.