What’s the APR?
Discussion
12%
Ty. Unchained loans at 14% APR and minimum 150k. So they’re beating them at least. Need moar competition to chisel these rates down to something reasonable.
And 13% is interest and principal paid at end. They are developing the ability to roll the loan out another year too!
Hope to see River and others get into this game. Borrowing rates should be sub 10% APR and multisig as a standard. At that point I think this will open up a lot of things for Bitcoiner’s.
I’m excited to see what mortgage products People’s Reserve (https://www.peoplesreserve.com) offers. Supposedly rates here will be closer to what banks offer since it is a mortgage product but then you can add more bitcoin collateral to reduce interest rate too