bird
Farmer
Posts: 4
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Loans
Jul 27, 2023 20:12:22 GMT
via mobile
Post by bird on Jul 27, 2023 20:12:22 GMT
Basically bonds, but you pay in full plus a set interest rate on a set date. Every week overdue the interest rate gets added again (ex: pay date: 3% interest overdue one week: 6% interest overdue two weeks: 9% interest), and after a month the money is "seized" which means that all the money is forcefully taken out of the bank account and buildings will be sold in the case of insufficient funds. This feature could be added to the bank and would be like a type of company. ex: some companies are mainly restaurants but some companies could deal primarily in loans and make most of their money that way
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