Market Discussions

Not.e: this is closed till the new year as i focus on some other markets

Deep space Industry Markets and Logistics - Loan Service

500M/1B Loans

As part of our support services we are offering up to 1B loans for up to 30 days or short term loans for 1 week

Interest rate: 15% monthly


Collateral Required – 1.2 x value of loan

How to obtain a loan


Create a contract to Deep space Industry Markets and Logistics with a minimum of 1.2x value of loan as collateral (Jita buy price).

Use Evepraisal: http://evepraisal.com/

Setting up your contract:

Contract Creation Steps –

Select Contract Type (1/4)
Contract Type: Item Exchange
Availability: Private
Name: Deep space Industry Markets and Logistics

Pick Items (2/4)
Select Items

Select Options (3/4)
I will pay: 0.0
I will receive: [value up to 1b]
Expiration: 3 days
Description:

How to repay a loan:
Send repayment 550000000/1100000000 to Deep space Industry Markets and Logistics
We will then contract the items used as collateral

Or

Contract return of the items as follows:

Contract Creation Steps –

Select Contract Type (1/4)
Contract Type: Item Exchange
Availability: Private
Name: Deep space Industry Markets and Logistics

Pick Items (2/4)
Select Items

Select Options (3/4)
I will pay: [1.2x value of collateral]
I will receive: 0.0
Expiration: 3 days
Description:

Within description ensure that period is defined I.e weekly or monthly loan

Always ensure that the character taking the loan makes the repayment!!!

Conditions:
Contracted Items value must be at least 1.2x value of loan.

Repayments must be made within the loan period or the Contracted Items will be sold.

All loans are at the sole discretion of Deep space Industry Markets and Logistics

Items used as collateral must be located within NPC stations within High Sec or Low Sec.
If using ships as collateral rigs do not count towards the value of the collateral

Contact extension beyond original term incurs an admin fee and is reviewed on a case by case basis.

We do not accept:
T2/Faction damaged/used (non-stackable) Crystals

Reserved

Maybe we can make your day, starting out in station trading or need to move up to a new ship our loans can help you

Now in a new section of the forums
Looking for a small start but dont want to buy plex this may be the way for you

Hi Emo,

I'm not sure on a couple of points so will respond quickly here and if you have more questions grab me in game.

Interest is 10% not 40% - I'm expecting most people will pay it back within a week, you can roll it if you like - I would pref people roll the loan rather then default! I.e I'm providing options

150% collateral might sound a bit steep but I don't want your items if I can avoid it.
Why would I take your items and run? Doesn't sound like much of a plan I give up 1 bill to make (after hauling and sales a couple of 00 mil?)

I would consider blue prints

*might make it 20% for a month to be a bit more inline with the market.

Hope that helps and you have a great day :-)

-the interest for a month would total 40%, i dont think i have ever seen a MD loan on the forum that charges per week, this is what im getting at. the loans offered are almost always in month increments and generally have an interest rate of 10-30% interest on the principle for the month. ie 1billion for one month with 20% interest. person pays 1.2billion at end of set month.


-as for this part, because your collateral rate is unreasonably high, i immediately calculated how much you would make keeping this up for a month and disappearing. for each billion, you would get 1.5 billion in collat, and 300 million for 3 weeks of interest on your rate. therefore you would stad to make 800 million from each loan you give and lets say you get 5 withen the first week, thats a pretty decent little pile of cash for little work. this is why people dont charge per week on their loans and also dont ask for more collateral than the loan itself, although on that point, i feel it would be fair to ask for 1.2billion in collateral as this offsets some risk, but asking for anymore will just get people thinking your a scammer.

nothing against you, you just need to rework the model as these points were the first things to spring into my head reading it and it will be the same for others out there and will cause you to lose business.

The going rate for a fully collateralized loan is about 2-5% monthly.

10-15% is the average rate for uncollateralized loans.

These rates are typically set by the borrow by posting their own loan requests. When coming to MD to announce a loan service, you should attempt to be competitive with these facts, making it easy for debtors to get their loan, at comparative rates to those they could achieve on their own. But most importantly, I think a loan service, here at MD, is only needed if it can offer massive loans without balance caps. A nobody pilot can come to MD and request a fully collateralized loan at 2% for even 10bil, and get it filled quickly with the right collateral and 3rd party holder.

As a loan service; you should cater to the unreachable loan requests; the low low low interest rates, the high balances, and the extremely trust worthy collateral holding of extremely rare limited edition items. Otherwise, the best advice is to just scan MD and wait for loan requests you find favorable and fill them quickly before others do.

Thanks Cista2

Hope everyone is having a wonderful day