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]]. | |||
The current account balance shown on the [[Gear]] (F4) window is red | 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. | ||
==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== | ==Bank Money Limit== | ||
Banks loan money from the citizen accounts of a [[city]]. An amount is held in reserve, so the citizens don't go bankrupt. | Banks loan money from the citizen accounts of a [[city]]. An amount is held in reserve, so the citizens don't go bankrupt. | ||
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[[File:BankLoanPayment.png|thumb|right|Paying off a loan is simple as this.]] | [[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 | 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.]] | [[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.]] | ||
Revision as of 16:38, 2 January 2017
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.
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 Limit
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 must hold enough money.
