Quote from: monbux on May 02, 2014, 11:43:25 AM

... This is the scammer's gold mine :/ Good Luck.

That's what I thought, but for the little amount of money they could scam it's probably not worth ruining the account for. I'm sure lots of people will default on these loans though.

Quote from: mnporter2001 on May 02, 2014, 11:42:15 PM

I don't think the OP's rates are excessive after all he is not accepting collateral and is no different to a payday lender who will inevitably get bitten a few times so needs to offset that with higher rates.

What bemuses me is why anyone would want/need to borrow 0.005 BTC that only around £1.33/$2.24 what are people going to do with that tiny amount of funds ?

Well they are excessive but I guess those are the terms if you want a collateral free loan, but the high interest just makes it less likely people will pay the money back, but I agree about the second part. I'm interested to see how successful this offer is though. Good luck, op.