Loan: Difference between revisions
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A loan is a way to borrow [[money]] from the civilian population. An [[avatar]] can take a loan up to its credit limit, which is dependent on the avatar's [[reputation]]. | |||
There is no interest rate and no penalty for not paying back a loan. The current account balance shown on the [[Gear]] (<code>F4</code>) window is however displayed in red while money is owed. | |||
Taking a loan can serve many uses, such as purchasing equipment, bulk construction materials, or a company [[spacecraft]]. | |||
==Credit limit== | ==Credit limit== | ||
The credit limit for an [[avatar]] | The credit limit for an [[avatar]] dependent on its [[reputation]]. | ||
The exact math is: | The exact math is: | ||
credit limit = (reputation + 0.5) * | credit limit = (reputation + 0.5) * 100'000 | ||
This means that with a reputation of 0, it is still possible to loan up to | This means that with a reputation of 0, it is still possible to loan up to 50'000¢. But if the reputation is negative, it is not possible to make a loan at all. | ||
== | ==Bank Money== | ||
Banks loan money from the citizen accounts of a [[city]]. This means that there is almost always money available to make a loan, since the citizen accounts are rarely ever empty. | |||
== | ===Reserve Policies=== | ||
An amount is held in reserve, so the citizens don't go bankrupt. This mostly means that cities with very little money in the citizen accounts will refuse to give out a loan. | |||
amount = (population x 1000) + 1000 | reserved amount = (population x 1000) + 1000 | ||
They will loan whatever remains after that. | They will loan whatever remains after that. | ||
==Taking a Loan== | |||
[[File:BankLoanRequest.png|thumb|right|Requesting a loan clearly states the credit limit.]] | |||
[[File:BankLoanPayment.png|thumb|right|Paying off a loan is simple as this.]] | |||
A loan must be made at a [[bank]], and the [[city]]'s citizen accounts must hold enough [[money]]. | |||
[[File:BankManagementUI.png|thumb|none|The top part displays the current loan amount and has options to request a loan or pay off a loan.]] | |||
[[Category:Guides]] | [[Category:Guides]] | ||
[[Category:Science]] | [[Category:Science]] | ||
Latest revision as of 07:52, 29 February 2024
A loan is a way to borrow money from the civilian population. An avatar can take a loan up to its credit limit, which is dependent on the avatar's reputation.
There is no interest rate and no penalty for not paying back a loan. The current account balance shown on the Gear (F4) window is however displayed in red while money is owed.
Taking a loan can serve many uses, such as purchasing equipment, bulk construction materials, or a company spacecraft.
Credit limit
The credit limit for an avatar dependent on its reputation.
The exact math is:
credit limit = (reputation + 0.5) * 100'000
This means that with a reputation of 0, it is still possible to loan up to 50'000¢. But if the reputation is negative, it is not possible to make a loan at all.
Bank Money
Banks loan money from the citizen accounts of a city. This means that there is almost always money available to make a loan, since the citizen accounts are rarely ever empty.
Reserve Policies
An amount is held in reserve, so the citizens don't go bankrupt. This mostly means that cities with very little money in the citizen accounts will refuse to give out a loan.
reserved amount = (population x 1000) + 1000
They will loan whatever remains after that.
Taking a Loan
A loan must be made at a bank, and the city's citizen accounts must hold enough money.
