Post by Admin on Nov 24, 2013 2:28:42 GMT
The Mandroxan Cartel is proud to announce that they have found a way to effectively offer collateral free loans. We are seeking to improve relationships with other factions and officially recognized businesses by offering their members exclusive financing by the faction "co-signing" on the loan. This means the faction would agree to insure that their members minimum monthly payments are satisfied by deducting the payment directly from the monthly payroll. The co-signing faction also accepts full liability for the loan if the member fails to pay the loan or abandons the faction for another job.
Terms and Conditions:
- The co-signing faction must be in good standing with the Mandroxan Cartel and have an impeccable trading reputation to be evaluated by centerpoint market station.
- The co-signing faction determines how much they are willing to let their member borrow at any given time.
- Loans are currently limited to 20,000,000 credits.
- Interest rates on co-signing loans are at 50% average percentage yield.
- Minimum payment on the loan is the monthly interest.