Nexus Bank +Loan Department

This is the place where you will be able to apply for Loans!
Nexus Bank
The Red words say something important*
The blue words take you to another thread or special link.
The Yellow Words are important headings
The Orange words are vocabulary words that take you to the definition if you don't know what the words mean.


You ask questions and apply for loans on this Thread,

if you want to apply for a Savings Account, click those blue words, it will take you to another thread that is organized for you to apply for a savings account!


Information about Loans:
You can pay back a loan in two different ways,
you can either give us payments every week or month,
or you can pay back the loan all at once.
If you pay back the Loan late, there will be a late fee. The cost of the late fee will depend on how many weeks it is overdue.
When taking out the loan, you have to put up collateral, something you give the bank if you are unable to pay back the loan(to default). For example, if you use a loan to buy a plot, and you default, the bank now owns the plot, and you get some of your money you already paid, back to you. 90% of it. Sometimes 80% of it, if you did it again.

Stats, These rates and numbers will update every once in a while.
The average interest rate for all players using loans will be 8.24% Fixed Rate*
The minimum interest rate for a loan will be around 4% -ish
The highest interest rate possible for a loan will be 29.99999%

Here is the format we wish you to use in order to apply for a loan,

What is your In Game Name?
What Are Your Ranks? (List Every Single One Of Them)
Approximately how long have you played on this server?
How much is the Loan?
What will you be using the Loan for?
How will you Repay the Loan?
Just so you know, you have to pay interest on this loan.
Will you agree to sign a contract?
What will be your collateral if you don't want to sign a contract?
How many loans have you successfully repaid in the past?
How many Loans have you borrowed in the past?
What color is water?

We will deny your loan if it is not specific enough or if it is illogical or if you are Miley Cyrus.

Nexus Bank
''The Big Bank Theory''

 

Sorry, the loan department won't be issuing loans right now, we are waiting for people to start depositing money.

 

I'm sorry I forgot to turn the blue words into a link.

Okay, there. I changed it.

 

I will let you have 50k if you put up collateral or are willing to sign a contract.
Since you have been able to successfully pay back loans in the past, Your interest rate on this loan will be lowered to 5%.

 

Oh. Okay.

 

yeah

 

uh . . . ask a moderator to spawn the money?

 

Water is not blue. But I will accept that answer.

Also, are you willing to sign a contract or put up collateral?

 

yes, right now.