loans...
2012.Nov.11, 03:34 AM
RE: loans...
Post: #5
I charge anywhere from 1 to 1.5% interest per week on my loans. Interest is charged on the remaining balance of the loan, so as you pay it down, the interest charged each week goes down.

a 5 mil loan from me pays off in 50 weeks at with a payment of 200k/week @1.5%. works out to an average of 100k/week in interest.
More you pay, faster it gets paid back, less you pay in interest.

same 5 mil loan @ 250k a week pays off in 30 weeks and averages 83k/week in interest.

Larger loans get reduced interest, as I have the money consolidated to one person, therefore the risk is less.

The other upside to my loans, in addition to the lesser interest than what other people charge, is that you still have a sweet house when the loan is over.

4:30 pm FuN2PwN attacked you and lost. Zerkin ain't easy.
2:50 pm SuP3Rn00b attacked you and lost. Zerkin still ain't easy.
13.Aug.14 SuP3R1 attacked you and lost. See above.



Messages In This Thread
loans... - ColdBlood - 2012.Nov.10, 02:16 PM
RE: loans... - NehrGodly - 2012.Nov.10, 03:04 PM
RE: loans... - filthymick - 2012.Nov.10, 07:29 PM
RE: loans... - ColdBlood - 2012.Nov.11, 01:29 AM
RE: loans... - InPaceRequiscat - 2012.Nov.11 03:34 AM
RE: loans... - GlennQuagmire - 2012.Nov.11, 03:36 AM
RE: loans... - ColdBlood - 2012.Nov.11, 05:14 AM