Loansharking and offering a fair interest rate

[GottImHimmel]

What would be a fair interest for a loan of 2000 points with 4 days to repay?

I don't really know the forum's standards, I don't want to be exorbitant and on the flip-side I want it to be a fair deal for me.

So, say 400 points? That's 20% interest, am I in the right ballpark?

[zSlink]

Normally you see ppl do 100 per day.. but i like to just do 10% that way its not to ridiculous.

[GottImHimmel]

So I ended up doing 2,000 point loan, 400 points interest, 3 days to repay, sounds fair to me.

[rrickir]

that seems a little high to me, but dont ask me i loan only rarely and to poeople i know,, so usually i d do a little less is all, but sounds goood gl

[GottImHimmel]

I think you are right rick, sad thing is though most of the sharks are high rollers here with plenty to spare, myself on the other hand, I'm just a low-baller, have to make good money on my investments.

[don7238]

I would say that's a good deal for 2000 points.

[GottImHimmel]

Well thanks for your input Mr.Don, love that name too, reminds me of the Godfather.

[MIGO14]

Depends on who is asking for the loan and the period to pay back. But 300 to 400 points of interest is okay I think for 3 to 4 days repay period

[Poof]

That sounds fair to me, I am not an expert at it either, but I do know that the interest for alot that regularly loan is based on the amount as well as how many days to repay.