BECOMMING A LENDER ON COINSKART
Lenders create offer(s) to provide Loans to others on CoinsKart at an interest.
Lenders creates competing bids of loan offers so that, cryptocurrency holders on CoinsKart looking to Borrow money can get a better and affordable loan.
How do Lenders make money?
Lenders offer help to cryptocurrency holders on CoinsKart in the form of Loans.
Being a Lender on CoinsKart is a serious Business. You have the opportunity to give safer loans to those in need at an interest.
You are free to set the interest rate and repayment time period on your loan offer. Though, Setting lower interest rate increase your chances of your offer getting accepted by a Borrower.
How Safe is my money as a Lender?
Want a Simple Answer?
Highly safe. It's even safer than Lending Money to your Friend/Family member.
How?
When a Lender create's a Loan offer and someone Borrow's from the Lender. The system takes part or all of their Bitcoin holdings as collateral. If the Borrower doesn't repay the Loan with the interest before the due date, the system will Sell the Bitcoin to payback the Loan Principal with the Interest and the remaining balance if any, will be credited back to the Borrower.
To further understand our Lending Programme Read more on - Borrowing Money on CoinsKart.
What About Lender Fees?
We Charge ZERO BORROWING FEES (Apart from the one set by the Lender).
We charge Lenders % fee on the profit they make whenever someone Borrows from them and Repays.
HOW TO CREATE A LOAN OFFER ON COINSKART
Always Check the Create Offer form to see the Exact Equivalent Amount.
