Quote from: BitOverLord on August 17, 2019, 10:19:29 AM

Didn't SALT try this back in 2017 but ran into lots of legal issues? Is all your legalities sorted?

SALT is different, they only allow you to borrow and the rates are fixed, I contacted them in May 2019 to know if it was possible to lend, they fowarded my message to the "Business Development Team", they never replied.

CoinLoan seems legit:
https://coinloan.io/licenses

The support is quick and helpful.

BUT
Annual interest rate calculation for long-term loans is based on an annuity repayment method.

So for long term loans, it means that the borrower pays you back monthly so the monthly interests decrease every month, so if you lend 1000 EUR at 10% for 1 year, you will not get 100 EUR (10% of 1000 EUR), you will get 55 EUR.
I think this should be explained "more clearly" on their website, even if you can use the calculator on the main page.
Because when a borrower sees 10%, he might think he has to pay 10% of the amount, also for the lender, he might think he'll get 10%...