ROOT| Part | Status |
|---|---|
/loan, /loan info, /loan take, /loan repay | Confirmed |
| Minted gold repays loans first | Confirmed |
| Payments, refunds and staff adjustments repay loans first | Untested |
Staff /loan list, /loan audit and per-player caps | Untested |
| Rank-based caps | Planned |
How loans work
- Loans are paid out of the server account (the reserve). No new money is created for a loan. If the server account doesn't hold enough, the loan is refused and nothing changes.
- Every loan has a fixed 10% interest: borrow 100 gp and you owe 110 gp.
- Everything you repay, principal and interest, goes back to the server account.
Limits
| Limit | Value |
|---|---|
| Borrowing cap | 100 gp by default |
| Active loans at once | 3 |
| Loans taken in any 24 hours | 3 (loans you've already paid off still count) |
Your headroom is your cap minus everything you currently owe. A new loan can be as large as your headroom, and the check is made before the new loan's interest is added. So with a 100 gp cap and no debt you can borrow 100 gp and end up owing 110 gp.
Staff can set a different cap for an individual player.
Repaying
Income repays loans first
While you owe anything, 100% of the income you receive goes to your loans before it reaches your wallet. That includes:
- Gold you mint with
/mint. Mined gold becomes money when you mint it, and that money repays your loans first. The fee, if any, is taken first, and the rest goes to your loans./minttells you how much went to your loans. - Payments from other players (
/pay). - Claim refunds paid to your wallet.
- Staff balance adjustments.
The gp you get from the loan itself is never swept back. Once your loans are paid off, income goes to your wallet as usual.
Paying back yourself
/loan repay(or/loan repay all) pays off everything you owe. You need the full amount in your wallet./loan repay <amount>pays part of it.
Which loan is paid first
Payments go to the loan with the largest amount owed first (the oldest first if two are equal). On each loan, a payment covers the interest first, then the principal.
Loan commands
| Command | What it does |
|---|---|
/loan or /loan info | Shows what you owe, your cap and headroom, your active loans out of 3, how many loans you can still take in the current 24 hours, and each loan |
/loan take <amount> | Borrows gp from the server account |
/loan repay [amount|all] | Repays part or all of what you owe |
Amounts work the same way as everywhere else, for example 5, 0.5 or 1/9. See Economy.
For staff
Records
Every loan, payout and repayment is permanently recorded and linked to its entry in the server ledger. Paid-off loans stay in the records. /economy shows the server-wide loan totals. See Economy.