bank is doing a great job, i just want to know what are the security measures that you take while giving loan? and how you trust them to pay you back? and what if he doesn't pay his dues on time? does the interest rate increase? if yes by how much %?
You are viewing a single comment's thread from:
I have the Owner key to his account. If he defaults I can take possesion of it.
oh great, what about my other questions? you didn't answer them
If you're a reg I'm sure the Bank doesn't mind getting some extra juice if your late a day or two. As long as it's paid at the end. In a respectful timeframe of course.
If I somehow get hit by an airplane or an asteroid:=) Or get abducted by 👽