Well that is exactly what I said in my post above you need like a very big trust level on forums or a big collateral

Well, that's the point. It seems, first of all, it is not ready yet and there also works the principle that you deposit coins and then while you have the coins as collateral you can borrow money.

So, after I have been to thousands of places on the internet in search for a BTC loan I have finally realized that it is a big thing but it seems we are just not quite there yet.
A BTC loan is a great way if you really need your loan in cryptocurrencies, fast or if you have no other place to go for a loan. But because of the fact that that there is the high possibility of not getting it back and due to the high amount of scammers everywhere, that have to make the life of every living person that needs genuine help harder, you have to either have a reputation of 100+ years and high positive feedback on some forums or a collateral preferably in cryptocurrencies that is higher than the actual loan and, lets be honest, I would probably sell at that moment so I don't have to take on a loan in the first place.
So my conclusion on BTC loans at the moment, a bitcoin loan is great for everyone that doesn't want to sell their coins but I guess for people that just need a loan probably not the right thing because if you don't have a collateral in form of cryptos it is almost impossible getting one.  BTC
Just a quick conclusion on my today's search for a BTC loan.