Bitbond Loan Rates:
€1,000 - €25,000
Starting at 1%
3, 6, or 12 months
Pros: No pre-payment penalties, no credit score required, instant funding for qualifying applicants, small loan amounts.
Cons: 2 - 3% origination fee, not for start-ups.
Bottomline: Ideal option for small business owners in need of a short-term loan.
Bitbond Key Information Table:
Number of Employees
Number of Customers
1 (44) 161 850 3539
Strelitzer Str. 60, 10115 Berlin, Germany
What is Bitbond?
Bitbond offers peer to peer bitcoin lending to connect creditworthy small business owners with individual and institutional investors around the world.
Why should I borrow from Bitbond instead of a conventional credit provider?
According to Bitbond, bitcoin bonds or BTC loans ensure much lower interest rates compared to conventional lenders due to a lower overall risk profile.
Does my business qualify for a Bitbond loan?
Bitbond does not require a minimum credit score, however the company only approves 40% of borrowers who apply for funding.
What is the Bitbond default rate?
Because of Bitbond's careful approach, the lender attracts more serious borrowers resulting in lower default rates.
Are there any Bitbond alternatives?
Successful investment with small business.
Bitbond is awesome and totally trustworthy. I did not use them personally but I know the team and they are legit.
There is really no basis in what you say. Peer to peer lending platforms originate billions every quarter. Using bitcoin as a payment network platforms like Bitbond open the possibilies of p2p lending to the global community, which as a whole, cant access Lending Club or Prosper. Bitbond is a good service and I would recommend you start small and try it out. Bitbond has been around since 2013 and has been covered in LendAcademy, Forbes, Handelsblatt and American Banker. It is definitely a trustworthy site, but it is simply a p2p lending platform, so you are responsible for your investments and you carry the risk.