Las Labes Opens Again!!

[Frank Todd]

Greetings from

 

We are opening our hallowed doors once more at the behest of Lord Labes with a limited time offer for beginning nations!!

 

At this current moment, we are offering an 11 day Micro-Loan, at which you can find the rates below.

 

 

 

*UPDATE: We are also including our second tier Packages as well! Please look below

 

 

*UPDATE: We are also including our Third tier Packages as well! Please look below

 

 

If this sounds like something you want to help boost your nation up, please feel free to let us know!!

 

Thanks!

 

~Geth

 

P.s Here's an awkward egg for your time.

Edited March 31, 2017 by Geth

[Goomy]

can I get 370 micro loans of $1 million?

[Psweet]

Should Las Labes require additional funding to meet their needs, Stratton Oakmont would be happy to work something out with them.

[Frank Todd]

*Update to Loan tiers

[TimbitsNCoffee]

out-of-the-world interest rates










in a bad way

[Khorne]

out-of-the-world interest rates

 

 

 

 

 

 

 

 

 

 

in a bad way

 

They require the extra funding most likely. Once they've set up a sustainable holding, they can probably move down to lower interest rates, though tbh 5% for the secondary tier loan program, and 10% for the micro-nation loan program sounds fine. (Assuming they expand their current loan set-up - if they want.)

 

(10% due to the fact that 1m is the max amount. 5% for the micro-tier would mean 50k, negligible in the long run for the bank, and not entirely hard for a micro nation to manage assuming they still get log-in bonuses - which they generally would at that level.)

[Frank Todd]

They require the extra funding most likely. Once they've set up a sustainable holding, they can probably move down to lower interest rates, though tbh 5% for the secondary tier loan program, and 10% for the micro-nation loan program sounds fine. (Assuming they expand their current loan set-up - if they want.)

 

(10% due to the fact that 1m is the max amount. 5% for the micro-tier would mean 50k, negligible in the long run for the bank, and not entirely hard for a micro nation to manage assuming they still get log-in bonuses - which they generally would at that level.)

This is an accurate assessment.

 

rates will reduce once a reliable customer base comes about, and we even have a reoccurring customer discount which halves the interest rates for people whom decide to come back as a customer.

[Frank Todd]

What happens if someone takes out a $1,000,000 loan, but pays back $2,000,000 O.o

Then you would have overpaid on the total amount due

[Frank Todd]

Here is the discord link.

 

https://discord.gg/F55yxbP

[Frank Todd]

UPDATE

[Vack]

So for people stating that these are "out of this world interest rates", they are not compounded, they are flat. The point of these is that that are more straight forward and you don't need to calculate them, you just pay back the amount plus a set percentage added on. In the likes of Emerald, the interest is compounded (I believe, correct me if I'm wrong) so the amount you owe increase from the moment you borrow. In this case the amount you pay is 10/9/8/7.5% and doesn't increase the longer you have it out.

 

So these are not uniformly "more expensive".

 

(If Emerald does do flat rates then ignore this, it's wrong and the interest would be better off being lowered to like 5.99%)

[Utter Nutter]

Emerald has simple weekly interest not compounded.

you gotta pay interests once a week unless you are at war or at an unprovoked raid

 

Goomy I ll give you 1 loan of 370 million if you want it, at 3% interest, don't mock the little guys trying to make a living   

Edited April 22, 2017 by Seb