Loan: Difference between revisions
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(Restructured a little.) |
(→Taking a Loan: Don't know what else to write.) |
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==Taking a Loan== | ==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 most hold enough [[money]]. | A loan must be made at a [[bank]], and the [[city]]'s citizen accounts most hold enough [[money]]. | ||
Revision as of 15:04, 16 December 2015
Loans is a way to borrow money from the citizen population. There is no interest rate and no penalty for not paying it back.
The current account balance shown on the Inventory (F4) window is red when money is owed.
Credit limit
The credit limit for an avatar is depend on his/her reputation.
The exact math is:
credit limit = (reputation + 0.5) * 100000
This means that with a reputation of 0, it is still possible to loan up to 50k¢. 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. An amount is held in reserve, so the citizens don't go bankrupt.
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 most hold enough money.
