Hello Everybody! I am starting my loan business! The rules are as follows: You can't apply if you have been banned for loan scamming. (I will do back-round checks) You must be [$] in donations to take out 50k+ Builders may only take out 15k loans (enough for Resident) Time will depend on the amount loaned. (I am willing to work with you Interest rate is 3% per day. (Making a 50k loan come out at 65.5k at the end of the week.) LATE FEES DO EXIST! Each day late will result in a extra 3k PER DAY! Just don't be late! I currently have 0k to loan out. Please apply below with the following format: Ingame Name: Amount Desired: Donations/Rank: Time you'll think you need: Anything Else: Deposit Accounts: THIS IS IN TESTING PHASE! If you have any suggestions, please fourm pm me to keep this thread business only! Thank you! Info: A deposit account will work kinda like a savings account for a bank. If you are unable to not handle your money sometimes *cough lottoers cough* You can open up a account and you will earn a interest of .3%. And the interest will compound every 2 weeks. However, it cost money to open up an account. So the longer you stay, the more money you will earn. The cost for any and all deposits is the amount you deposit divided by 5. (thanks to @nitro172 for the idea) Deposit Accounts will be done via trade signs. And I will make so no one, and I mean NO ONE will be able to access this sign but you and me. The trade signs will have a home in the headquarters which is located in Applecity. The floors will be colored with wool and the rooms will be numbered. (EX. RaginDevonian's safe is on RED Floor, ROOM 2) Apply with this please: IGN: Amount Being Deposited: Do you understand that I will be in charge of your money?: Do you understand that ECC First Credit Union is not responsible for money lost if the server decides to change around trade signs?: Will you be willing to help me with this and makes accounts easier for everyone? (Not required, but help is nice) Will you have a nice day? : And please, suggestions through fourm pm! I am all for them!
Updated!!! 150k to loan! Get it while its hot! Also @nicit6 a title change to : ECC First Credit Union (Loans and Deposits)
I really just have to figure them out so it actually works. And I need to build the actual Credit Union. It needs a place to put stuff for the accounts Sent from my iPhone using Tapatalk
http://tinypic.com/view.php?pic=2s9q7uh&s=8#.VLK_eid8sbg Whew! Been working hard! The headquarters for the Credit Union are almost done! Also I have put in some info on deposit accounts.
Thanks for the deposit account info i suggest a .5% rate to prevent from the bank crashing. Due to the slight chance of loss of money from trade signs I will be pro-contract as usual. I would also like to open up an account after we set the interest to a fixed rate and a way to apply like how you apply for your loan. P.S. what is the need for the actual bank building aside from a cool idea of a physical place to do your banking. P.P.S. I may also need to make 2 accounts because I am hoping to make an official bank account for my town. Just for organization reasons.
Contracts can be made and so can an application. The idea for having a physical building is so I can lock up your money. I just can't have a bunch of signs lying around or disaster could strike. And I don't think you could open more then one account. People would just take up space and interest. I will think about it though Sent from my iPhone using Tapatalk
Well it won't be double interest because if i make two accounts for 30k, 15k each, instead of 1 i get halved interest because half money.
True, so why don't you just do 30k instead of 2 15's? It's just more work for both of us Sent from my iPhone using Tapatalk
Well i need them separate for proof reasons as my town is complicated and for me it's easier to have 2 accounts of personal and town.[/QUOTE]
