I know that there are a few lending platforms out there, but if you ask me Coinloan is one of the better once and they are adding more and more to the platform compared to other lending platforms.
Tho Coinloan is a Peer to peer platform where users lend and borrow from each other combined with collateral that the lender chooses when he put up his lending offer on the market.
On this platform, you can lend/borrow both Fiat and crypto and they are as following
- CLT (Coinloan Token)
You can lend or borrow all these kinds in exchange for collateral chosen by the lender or borrower depending on if the lender makes the market listing or the borrower makes one.
There is from 8% interest rate and from that and up can the lender set what they want in return on what they lend out to the borrower.
- Min 7 days - Max 3 years
- Min $100 lending amount
- min 8% interest.
You can also set a min lending as long it is min 100 to any amount above that so you can give the borrower an option to lend anything between let us say $100 to $1000 and have a bigger chance on getting a borrower and make a profit from what you borrow.
As you can see in the example above in the image how the lending offers can look like.
Need money to build a project? well, Click here to join and start lending!