how much interest should you charge when giving a loan? Thanks.
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how much interest should you charge when giving a loan? Thanks.
as much or as little as u like it is then down to the loanee to either accept or reject your terms :/
There is a lot of different variables to consider, like length of loan, size of loan, etc. Usually larger loans will have a higher interest rate, and the longer the loan is for the interest rate would increase too.
If you are going to give loans ,make sure they are only in LOAN SHARK!! Never loan outside of loan shark!!
None of this answers his question. What about a general idea of what people are asking for so you don't get maligned by someone (who will remain nameless) when you put up something higher than expected.
i usually charge 10% on all loans i offer but i don't offer over 1k anymore or loan for any longer than 3 days.
all loans?Quote:
Originally Posted by matg281
why not mention names i know im the only person on this forum that can expect to get what rate I CHOOSE because of my impecable record and tbh by now if anyone is stupid enough to offer more than im willing to pay they will indeed get shouted downQuote:
Originally Posted by gpahren
Just remember who is doing who the favor. If I need 10 points I can do radio loyalty for 20 minutes and not have to deal with rude-ass people.Quote:
Originally Posted by azreal1
with the interest u charge ure doing no one a favor :)Quote:
Originally Posted by gpahren