So today marks my first interest payment from a $2600 BitConnect loan i made 24 hours ago the interest came to $50.70 as you can see from the screenshot below.
The interest is calculated from the volatility of the Bitcoin price so some days the interest paid can be very low and some days it can be very high, as you can see from the screenshot below todays interest was 1.85%.
I am not advising that anyone do as i did, this is an experiment on my part but if you would like to find out more check out my Minds blog.