I never tried to do bitcoin loan even I have collateral because I don't want have a problem in the future. Although this lending is spread all over in crypto space to help other cryptocians I think we still need to be careful to specially the lenders bec3you don't have any assurance if the borrower will pay you.
just like me, where I am not interested in crypto loans, I prefer to invest in personal power, because my psychology is not able to bear the debt, rather than damage the mentality later