Hey guys, this thread is just to explain how the Bank at /p h CentralBank works, I hope you guys go check it out! Loans Loans can be requested to start a business, invest in spawners, /rankup etc. If you request a loan for something like gambling through /cf or other risky activity, chances are you will not be given a loan or be granted the loan but at really high interest rates. These are the steps you will follow before and after taking out a loan. Interest rates range from 4% - 8% daily Maximum amount of time for Loans is 9 days Once you request a bank loan an employee will ask you the following questions which can alter your interest rates and amount of money loaned The employee will ask you about your money, spawners owned, what you are going to use the loan for and other details such as how much time and how much money you want to loan. If your loan request is granted the employee will give you the details of your daily payments and other things Every day (for the time of your loan) you will have to withdraw the amount required and insert it in the hopper located in the bank (interest included). Deposits Deposits are made in order to earn money, the money you deposit is used in non-risky investments such as spawners (which in the rare case of bankruptcy can be easily sold to return your money) and can be made at almost any time. At certain times, the bank won't be taking in any deposits but you can return within 3 days in which the bank will have made space for more deposits. Interest rates range from 1% - 3% daily Minimum amount of time for deposits is 10 days
I know this is late, but just curios because of scamming bieng allowed on prison what would the repercussions be of someone not repaying a loan ?
