Welcome to the information page for EcoCityCraft’s newest bank, EcoCity Bank. Why EcoCity Bank? EcoCity Bank aims to be the most trusted bank on EcoCityCraft while offering highly competitive rates. EcoCity Bank is founded and operated by 3point, a 7 year old member of the server with a formal mathematics, economics and finance background. A constant innovator on ECC, 3point is one of the most successful legacy players of the server, the only person to have obtained all medals, inventor of the double dirt tree method, feared former #1 SG player, and experienced in holding $15+ mil in liquid cash. He means business when it comes to doing business. Safe to say, when you do business with EcoCity Bank, money is properly taken care of. All business operations are fully transparent and can be viewed in the following google spreadsheet: http://tinyurl.com/ecocitybank Services Offered EcoCity Express Card (Credit Card) Would you like to take out loans and repay at your own pace? Say goodbye to traditional loans. EcoCity Bank is proud to introduce the first of its kind loaning on demand credit card service. No longer will you have deal with pesky contracts and screenshots whenever you need extra money. With an EcoCity Express Card, you will be able to obtain an instant loan at any time of the day, 24/7, no questions asked. Once you qualify for an EcoCity Express Card, you will be required to sign a contract with your personalized terms and conditions. Upon completion, you will be set up with a credit card vault. Why is this great to have? Excellent source of emergency fund Self-serviced: can acquire loan without contacting other users You are not obligated to use your card, there are no inactivity fees Great source of instant money should unique in-game opportunities arise (i.e. andrew doing starcasino promotion, huge lottery, in-game events, etc) Important Information · Interest Rate: 9-24% The standard interest rate you pay on all loans. · Credit Limit: $5,000-$100,000 The maximum loan you can take out at any time. · Carryover Fee: 14% Carryover Fees apply to the balance owing at the end of each Sunday. Every week, at Sunday between 10-11:59 PM EST, your outstanding credit balance will be recorded. If at this time you have a credit balance owing, you will be required to pay a 14% fee on the balance owing. This fee must be paid in full by the end of the next Sunday. Any outstanding fees will be made clear to you via forum email, http://tinyurl.com/ecocitybank, and in the credit vault room. · If you fail to pay back carryover fees for more than 2 consecutive weeks in a row, you will forfeit access to your credit vault and your EcoCity Express Credit Card, and will be required to pay back your entire balance owing plus outstanding fees in full within 2 weeks of notice. Failure to do so will result in necessary server punishment. The best part? There is no repayment due date on the loan. Pay back whenever you want. The only due dates are on carryover fees. How does an ECE Card work exactly? EXAMPLE: On Monday, Bob opens up an EcoCity Express Card. He qualifies for a 10% interest rate and a $100,000 credit limit. On Tuesday, Bob takes a loan of $50,000 using the credit vault. Bob has a balance owing of $50,000 + $5,000 (10% of 50000) = $55,000. On Wednesday, Bob feels like loaning more money. Not a problem, as Bob takes out another $30,000 using the credit vault. Bob owes an additional $30,000 + $3,000 = $33,000. In total, Bob now has a total balance owing of $55,000 + $33,000 = $88,000. On Saturday, Bob decides to repay some of his loan. He repays the vault $66,000. Therefore he still has another $22,000 balance owing. On Sunday at 11pm EST, 3point checks Bob's vault and sees that Bob has a balance owing of $22,000. Bob is charged a 14% carryover fee on the balance owing, which equals $22,000 * 14% = $3080, due in 1 week. By the end of next Sunday, Bob is only obligated to pay back $3080. Bob can choose to pay back the remaining $22,000 at any time, and can continuing borrowing and paying back on his own terms as long as the carryover fees are paid in full each week. What Credit Limit and Rates do I qualify for? To determine your eligible limits and rates, calculate your personal credit score by adding up the following points: Features $501-1000: 1 point $1001-$1500: 2 points $1501-$2000: 3 points $2001-$2499: 4 points $2500+: 5 points Current Rank Tycoon: 1 point EcoLeader: 2 points EcoMaster: 3 points EcoLegend: 4 points Legacy Rank Tycoon+: 1 point EcoMaster+: 2 points Prestige Add x points if you have x number of prestiges. Length of time on server 1-2 years: 1 point: 2-3 years: 2 points 3-4 years: 3 points 4-5 years: 4 points 5+ years: 5 points Never been banned for loan scamming?: 3 points Staff Perks Prior Staff Member: 2 points Current Moderator: 2 points Current Supermod+: Automatically Qualify For Lowest Rate You can qualify for the following: 12+ points: 9% interest rate, up to $100,000 credit limit, 14% carryover fee 11 points: 10% interest rate, up to $100,000 credit limit, 14% carryover fee 10 points: 11% interest rate, up to $100,000 credit limit, 14% carryover fee 9 points: 12% interest rate, up to $100,000 credit limit, 14% carryover fee 8 points: 13% interest rate, up to $50,000 credit limit, 19% carryover fee 7 points: 14% interest rate, up to $50,000 credit limit, 19% carryover fee 6 points: 15% interest rate, up to $30,000 credit limit, 19% carryover fee 5 points: 18% interest rate, up to $25,000 credit limit, 24% carryover fee 4 points: 21% interest rate, up to $20,000 credit limit, 24% carryover fee 3 points: 24% interest rate, up to $5,000 credit limit, 24% carryover fee NOTE: These are just guidelines and the rates and limits that you are offered may vary at our sole discretion. Every month, you can request to lower your credit rate and/or increase your credit limit. This will be granted based on how you've kept up with repayments. If you have been banned for loan scamming within the past 2 years, you automatically are ineligible to qualify. Vault Security All vaults are located in the town enchanted. These vaults be personally encrypted by the cardholder so that only cardholders will have access to them. Logblock will be used to settle any potential disputes. Refer-A-Friend Program As an EcoCity Express Cardholder, get $1000 for each successful referral. Application To apply for an EcoCity Express Card, fill in the following application. You will receive an acceptance with further details in your forum inbox, or a rejection. Spoiler: Credit Card App IGN: Game Rank: Donation Amount (do /myfeatures in skyblock, main, and vmr): EcoCity Bank will do its own due diligence in thoroughly searching your past loan behaviour, calculate your interest rate and credit limit depending on your credit risk. EcoCity Bank can reject your application at any time. Furthermore, you will only be a cardholder upon successful completion of the contract. Do you agree to these terms?: To upgrade your account and apply for a credit limit increase or rate decreases, you must have held a EcoCity Express Card for more than 28 days. You can only use this application once every 28 days. Fill in the following application. Spoiler: Upgrade Account App IGN: Proposed New Credit Limit: Proposed New Credit Rate: Proposed New Carryover Fee: Why should you be granted these upgrades: It is up to the sole discretion of EcoCity Bank to determine whether you receive any account upgrades. Should you be granted an upgrade, it is up to the sole discretion of EcoCity Bank to determine the new rates, limits, and fees. Do you agree to these terms?:
IGN: @ldw116 Game Rank: Mayor Donation Amount (do /myfeatures): 60$ EcoCity Bank will do its own due diligence in thoroughly searching your past loan behaviour, calculate your interest rate and credit limit depending on your credit risk. EcoCity Bank can reject your application at any time. Furthermore, you will only be a cardholder upon successful completion of the contract. Do you agree to these terms?: Yes, Recent Loan Scam Bans (Just adding for your ease, there could be more but I am not purposely withholding those): https://ecocitycraft.com/forum/threads/user-complaint-ldw116.146705/ https://ecocitycraft.com/forum/threads/user-complaint-ldw116.151068/ https://ecocitycraft.com/forum/threads/user-complaint-ldw116.150505/
@ldw116 Credit Score: 5 points Eligibility: $25,000 credit limit, 18% interest rate, 24% carryover fee
IGN: @blgordon Game Rank: President Donation Amount (do /myfeatures): Skyblock 1885, main 1160, Vmr 75 EcoCity Bank will do its own due diligence in thoroughly searching your past loan behaviour, calculate your interest rate and credit limit depending on your credit risk. EcoCity Bank can reject your application at any time. Furthermore, you will only be a cardholder upon successful completion of the contract. Do you agree to these terms?: Yes
@blgordon Approved. I have messaged you with further instructions. Credit Score: 15 Credit Limit: $100,000 Interest Rate: 9% Carryover Fee: 14%
IGN: AdmiralD Game Rank: Mayor Donation Amount (do /myfeatures): Skyblock - $500 Main - $1535 VMR - $75 EcoCity Bank will do its own due diligence in thoroughly searching your past loan behaviour, calculate your interest rate and credit limit depending on your credit risk. EcoCity Bank can reject your application at any time. Furthermore, you will only be a cardholder upon successful completion of the contract. Do you agree to these terms?:
@AdmiralD Approved. Please check your inbox for further instructions! Credit Score: 14 Credit Limit: $100,000 Interest Rate: 9% Carryover Fee: 14%
IGN: Natelev Game Rank: President Donation Amount (do /myfeatures in skyblock, main, and vmr): $1200 in main, $75 in vmr, $725 in skyblock EcoCity Bank will do its own due diligence in thoroughly searching your past loan behaviour, calculate your interest rate and credit limit depending on your credit risk. EcoCity Bank can reject your application at any time. Furthermore, you will only be a cardholder upon successful completion of the contract. Do you agree to these terms?: I agree
@Natelev Approved. You qualify for the lowest rates as a supermod+ staff member. Credit Limit: $100,000 Interest Rate: 9% Carryover Fee: 14%
IGN: BaccaAMP Game Rank: Builder (former tycoon on legacy) Donation Amount (do /myfeatures in skyblock, main, and vmr): $1080 EcoCity Bank will do its own due diligence in thoroughly searching your past loan behaviour, calculate your interest rate and credit limit depending on your credit risk. EcoCity Bank can reject your application at any time. Furthermore, you will only be a cardholder upon successful completion of the contract. Do you agree to these terms?: Yes I do
IGN: EMD3000 Game Rank: President Donation Amount (do /myfeatures in skyblock, main, and vmr): Main $715 (Not 100% sure - I’ll double check ASAP) EcoCity Bank will do its own due diligence in thoroughly searching your past loan behaviour, calculate your interest rate and credit limit depending on your credit risk. EcoCity Bank can reject your application at any time. Furthermore, you will only be a cardholder upon successful completion of the contract. Do you agree to these terms?: I agree
Approved. I have forum inboxed you with further instructions. Credit Score: 9 Credit Limit: $100,000 Interest Rate: 12% Carryover Fee: 14%
IGN: 1aughter Game Rank: Mayor Donation Amount (do /myfeatures in skyblock, main, and vmr): $1040 EcoCity Bank will do its own due diligence in thoroughly searching your past loan behaviour, calculate your interest rate and credit limit depending on your credit risk. EcoCity Bank can reject your application at any time. Furthermore, you will only be a cardholder upon successful completion of the contract. Do you agree to these terms?: I agree.
@1aughter Approved. You qualify for the lowest rates as a supermod+ staff member. Credit Limit: $100,000 Interest Rate: 9% Carryover Fee: 14% I have sent you a forum PM with further instructions.
IGN: @ldw116 Proposed New Credit Limit: 100k Proposed New Credit Rate: 12% Proposed New Carryover Fee: 14% Why should you be granted these upgrades: In the last month I have: Successfully repaid loans totaling 150k to @wolfspy7, 176k to @Cranqed, and 82.5k to @donkeybrains I have received a feature on a 700k payment plan from @_Royal_Vulpes_ Successfully paid back my credit card debt and fees Became president /myfeatures is now 300 It is up to the sole discretion of EcoCity Bank to determine whether you receive any account upgrades. Should you be granted an upgrade, it is up to the sole discretion of EcoCity Bank to determine the new rates, limits, and fees. Do you agree to these terms?: yes
This user has paid his loans off successfully with no problems at all! He is also very hardworking and dedicated to doing his work! Therefore i reference @ldw116 to get this extra credit limit ( he did no ask me to do this ) - Im just trying to be a nice member of ECC <3