Argonath RPG - A World of its own
GTA:SA => SA:MP - San Andreas Multiplayer => SA:MP General => Topic started by: Gimli on February 09, 2014, 07:21:23 pm
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We are pleased to announce the release of the brand new property loan system. As of today, you can now easily get a loan from ArgoBank that can be used towards the purchase of a property. Please read below for information on how property loans work.
Eligibility
To qualify for a property loan, you must have be a citizen of Argonath and have a passport to prove it. You can only have one property loan at a time.
Down Payments
A down payment of 40% of the property's value is needed for properties that cost $100k+ ($120k+ in LV, $140k+ in SF). For example, to purchase a property in LS that costs $100k, you will need to have $40k of your own cash.
Interest
The weekly interest rate is currently 6% and is subject to change. The faster you pay the loan back, the less interest you will have to pay. Interest is based on the amount that is remaining rather than the complete amount, i.e. if you have a loan of $100k and you have already paid back $50k, only 6% of $50k will be due next week, thus it is in your interest to pay back as much as possible as quickly as possible.
Commands
/loans - see a history of loans and make payments
/propertyloan [amount] - apply for a property loan
/loancalculator [amount] - calculate due interest
FAQ
I took out a loan and I no longer need it. What do I do?
There is no grace period, so be very careful. You will have to pay back the loan in addition to one week's interest if you pay it back within 7 days.
When you sell a property, the money will go back into your loan balance. You will then be able to buy another property using the same loan or pay the loan back.
IMPORTANT: BUGS
Any bugs you find from which you profit and do not report may result in action being taken against your money and/or you being banned. On the other hand, if you find a bug and you report it, we may give you a reward :) Common sense applies.
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Hey Hey yeah!
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Good news
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Very Good NEWS... :app: :app:
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Wooo good news, thank you! :D Does this means that /purchase has been re-enabled?
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Awesome! Feels nice to be owner for Willowfield Ammunation for once! :cowboy:
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:D Does this means that /purchase has been re-enabled?
Yes
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Brace yourselves, the army of firemen is coming. :gand:
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Good stuff.
3/4 of the players are firemen already :D
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Brace yourselves, the army of firemen is coming. :gand:
True this, applies also to me, since I need to work to get my loan unpaid :(
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True this, applies also to me, since I need to work to get my loan unpaid :(
With 2-5 firemen online and in around 2-5 hours, I get ~$10,000 per day. You could earn double this amount if one of your group worked alongside you. Good luck!
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Quick question, how do you withdraw profits from a business?
Edit: It seems ammunation is not synced to the business system. /stocks e.t.c doesnt work inside it, and there seems to be no purchase message indicating tax e.t.c when someone buys a weapon
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Thank you!
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Question:
1) Let's say I want to buy a 100k house. I need 40k, alright. Do I have to request 60k or 100k ?
2) Can we buy two properties with the same loan ?
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Question:
1) Let's say I want to buy a 100k house. I need 40k, alright. Do I have to request 60k or 100k ?
If you have 40k, then you have to get a loan of 60k
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Question:
2) Can we buy two properties with the same loan ?
As Gimli said, you can buy only one property at a time.