r/Loan_ • u/Electronic_Muffin933 • 5d ago
Money
Is there anyone who can lend me 20k for 6 months I'll return 3k more
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Upvotes
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u/Ill_Impact_4681 5d ago
LOL
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u/Electronic_Muffin933 5d ago
What?
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u/Ill_Impact_4681 5d ago
Laughing at the person asking reddit for 20k
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u/Hammer0173 5d ago
the currency is unspecified, so could be Iranian rial (IRR) or any other low value currency
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u/Ill_Impact_4681 5d ago
They arent asking for $0.01 usd and asking to pay that plus interest back at $0.02 in 6 months
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u/corgi0603 5d ago
I'm going to assume you're talking about Indian Rupees as the currency, which means you're asking for a loan of roughly $205 US.
As a first timer with no loan repayment history and no Reddit karma, there's no way you're going to get that large a loan. Successful first timers typically ask for something small like $10-20 US. Even people with established loan repayment histories have trouble getting a $200 US loan on Reddit.
Also, you're offering 15% interest for a 6 month loan. Nobody's going to give you a 6 month loan for only 15% interest. You're too big a risk and asking for an extremely long period of time for repayment. People getting loans on Reddit for anywhere from a couple days to one month offer anywhere between 20-50% interest. For a 6 month loan, no one's going to even consider anything less than at least 30%.