Fill out an application and see if you are approved for a loan. Loan Application: IGN: Level: Profession: Credit Score: Desired loan amount: Will you provide collateral?: Average Income / Week: When did you start playing Maple Royals?: Have you been banned before?: If yes, please link the ban appeal: If you do not have a ban appeal, please specify the reason: Do you agree to the ToA?: Tip #1: Before requesting a loan, make sure you account for tax. Taxes will not be covered by me. Tip #2: Providing an equivalent collateral to loan ratio is your best chance to secure a loan + lower your interest rate. Tip #3: I would recommend asking your buddies for a loan before filing an application. This should be a last resort if, for example, you need the cash as soon as possible in order to purchase a valuable item. Feel free to use the loan for profit / scrolling as well. Example of Application: IGN: Purify Level: 153 Profession: Scrolling / Insurance / Bossing / Leeching / Gach Credit Score: 0 Desired loan amount: 1.5b Will you provide collateral?: Yes Average Income / Week: 700mil-1b When did you start playing Maple Royals?: 7 months ago Have you been banned before?: No Do you agree to the ToA?: Yes Terms of Agreement: 1. In order to receive the loan, you must agree to paying back the full amount + specified interest rate / tax in the game chat. 2. If I do not receive my money back, then a report will be submitted of our agreement. 3. You are required to pay off the loan on time. 4. You will have a 3 day grace period after the loan is due. 5. After the 3 day grace period, refer to #2. 6. All collateral given will be returned once you pay off the loan. -------------------- One-Stop Credit Shop -------------------- [10 Credits] - 0% Interest up to a 500mil loan (2 weeks max. w/ equal collateral) [20 Credits] - 0% Interest up to a 1.5b loan (2 weeks max. w/ equal collateral) [30 Credits] - 0% Interest up to a 2.5b loan (2 weeks max. w/ equal collateral) [35 Credits] - Take 250mil out of Purify's pocket, no questions asked. [45 Credits] - 1 Free Chaos Scroll or White Scroll FAQ: Do I get to choose my interest rate? Your interest rate will depend on how much you provide in collateral. If your collateral values less than the loan, then you will need honest / well-known players to vouch for you or have someone co-sign if they are willing to provide additional collateral. Example: 1.6b collateral value in exchange for a 1.2b loan = 5% interest / weekly or 1.5% / daily. 800mil collateral value in exchange for a 1.2b loan = 15% interest / weekly or 5% / daily. Higher Collateral Value = Lower Interest Rate Is it easy to get a loan? It is very likely that you will receive a loan, but your income, level, ban history, and collateral will determine how we process our loan-agreement. How long do I get before I have to pay back the loan? The standard is 2 weeks, but you may request up to an additional 2 week extension as long as you let me know ahead of time. What is credit score and how do I raise it? The credit score is a point-system used to determine your credibility and your reward in the one-stop credit shop. You can raise your credit score 2-10 points by paying back the loan on time with interest (points awarded will vary based on the loan amount / interest rate / cooperation). If you spend your credits in the shop, your overall credit score will remain on record. What about trade & store tax? I do not pay for tax, you will be required to pay back the tax deductions. May I use the loan for scrolling? Absolutely. My personal suggestion is that you scroll multiple equips in order to increase your chance of success. What is collateral? Security pledged for the payment of a loan. An example of this would be letting your buddy Jeffrey hold onto your laptop until you're able to pay him back. Is collateral required to receive a loan? Yes. ------------------------ [April 26, 2015] --------------------------- Update: Interest rates will now be much lower if you provide the equivalent in collateral. I will work with you based your personal budget. New Interest Rates (estimated): 1 - 5% daily (based on collateral value) 4 - 15% weekly (based on collateral value) Credit Score Revamp: Credit Score will no longer determine the chances of receiving a higher loan / lower interest rate. Instead, you can now build up credit and spend it in the brand new Rewards Shop. ------------------- PROMOTION --------------------- Free Bonus: Receive an additional +10 credits after you pay back your loan. [10 Credits] Reward: 0% interest on a 500mil loan // 2 weeks maximum (w/ equal collateral) Or save up for a better gift - Check out the One Stop Credit Shop for more details* Limited-time Offer: Valid until 6/4/2015
I think you might be in a little over your head with this whole thing. It's incredibly easy for one to conceal the truth online, and incredibly easy to just walk away when things go awry...
Players loan each other stuff all the time and for the most part, it works out fine. Of course there's still trial and error, but if it doesn't work out, no harm done. Note: I will also specify the date of transaction in the chat window.
You know GMs won't do anything even if you have an ss right? You should also include the option for a collateral.
Loan Application: IGN: ConnorDobson Level: 53 Profession: Merchant / Scroller Credit Score: - Desired Interest Rate: 10% Daily, Non-compounding Average Income / Week: In my prime ,was close to a bil a day, I'd estimate 200m/week will current playing hours When did you start playing Maple Royals?: November 22, 2014. Have you been banned before?: No If yes, please link the ban appeal: - If you do not have a ban appeal, please specify the reason: - Do you agree to the ToA?: Yes
I really like your idea in theory. I believe that it will work well as 'quantifying services/items players need to create profit' seems to be the way of Maple Story, and capitalism in general. Your idea would work better in a system just a bit more dependent, and also one with more ability or thinking put towards the ability to quantify what players need so that the people you are lending to have the ability, above mindless grinding, to create profit. Also, the only fair 'open market' way that I see you being able to punish default lendees is through a lending blacklist, but since you are the only lender that currently exists, that is kaput. You are on the brink of trying to take advantage of the fact that Maple story is a commodity based game involving both goods and services in which the one who has the money has the ability to create more, you just need participants in your game.
Updated: You qualify up to a 250mil loan. Interest rate +25mil/day & you must pay back tax deductions. If you agree, I'm willing to take items as collateral ONLY. This is due to the risk of scrolling and having no other means of income. If you want to discuss this further, please PM Purify in game.
ConnorDobson's Loan Agreement: Screenshot after paid: Confirmed: ConnorDobson has paid back his loan as of 2/12/2015
Loan Application: IGN: Deej Level: 140 Profession: Scrolling Credit Score: 420 Desired Interest Rate: 4% Average Income / Week: 150m/week When did you start playing Maple Royals?: June of 2014 Have you been banned before?: Yeah If yes, please link the ban appeal: Didn't do an appeal If you do not have a ban appeal, please specify the reason: Saying "n*****" in smega Do you agree to the ToA?: Yes
Thank you ConnorDobson, for paying your loan, I very much appreciate it! If you decide to continue to play Royals, your next loan will be at a 5% discount (non-compounded) interest rate. You've received +10 on your credit score for paying the loan back a day early and because you've graciously exceeded the interest rate agreed upon. - @Deejay unfortunately you do not qualify for a loan unless you provide me with items for collateral.
sorry to say this, but idk why anyone would do this. At least for me, I can easily get guildies to lend me money if im about to make a big purchase, and they dont add any interest on. im sure its the same for a lot of people.
Okay, I honestly don't know why you wrote that. These loans are primarily used for scrolling / gambling in order to make a big profit. If your friends can risk loaning you 300mil so you can gamble it, then cool, more power to you buddy.
I loaned Kevinjai 4b worth of ws (at that time) With no interest, just no tax lol Edit: had to one-up you buddy sorry ^
