If something beautiful that exists even as on date then in my opinion it is neoxian bank's loan. I have worked with many platforms and even asked for a loan outside steemit and offer them my steemit account, they simply said...hello...we do not recognize steemit account as collateral simply because of the fact that they can be recoverable just by saying it has been hacked.

Neoxian is offering loan by taking steemit account as collateral, so the risk is not the borrower side rather neoxian bank who is offering loan based on your steemit account.

If anybody will have a debate on interest rate then I can bet no other online forum or platform who is giving 10% interest on principal over a span of 3 to 4 months from the date of loan. The average is always more than 15%.

The biggest plus side of neoxian bank is that he is quite flexible for his borrowers and at times people take adavnatge of his flexiability and generosity. So Neoxian Bank also stand to lose on some occasion.

I have seen many people who felt motivated to stay in this platform when I said them that one can also take a loan here in this commuynity based on steemit account.

It is sad that some people are trying to censor and flaggiging in a decentralized community like this. If at all they think so why not run a parallel service and offer better rate or even free of interest as in that way they can prove their credibility. Simply flagging is like dictating with thier steem power.