Loan: Difference between revisions

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A '''Loan''' is available to help pay for the [[insurance costs]] of repurchasing a destroyed ship and loadout if you lack sufficient funds to cover it. The loan amount increases with your [[Pilots Federation]] rank in any category; this maximum includes previously issued, unpaid loans. Loans are repaid automatically by deducting 10% of the player's profits from any money that is earned.

Any unpaid loans count towards the maximum of your next loan. For example, if you qualify for a 1,000,000 credit loan and use 250,000 in addition to existing funds to rebuy your ship, then the next time you take out a loan you will only have 750,000 to draw from unless your rank has increased in the meantime. If a player cannot afford to rebuy their ship with their on-hand funds and the loan they qualify for, they may select a ship they have in storage, otherwise they are declared bankrupt and forced to accept a loaned [[Sidewinder MkI]].

Any unpaid loans count towards the maximum of your next loan. For example, if you qualify for a 1,000,000 credit loan and use 250,000 in addition to existing funds to rebuy your ship, then the next time you take out a loan you will only have 750,000 to draw from unless you have paid back some or all of your existing loan, or your rank has increased in the meantime. If a player cannot afford to rebuy their ship with their on-hand funds and the loan they qualify for, they may select a ship they have in storage, otherwise they are declared bankrupt and forced to accept a loaned [[Sidewinder MkI]].

==Loan amounts==

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 A '''Loan''' is available to help pay for the [[insurance costs]] of repurchasing a destroyed ship and loadout if you lack sufficient funds to cover it. The loan amount increases with your [[Pilots Federation]] rank in any category; this maximum includes previously issued, unpaid loans. Loans are repaid automatically by deducting 10% of the player's profits from any money that is earned.
-Any unpaid loans count towards the maximum of your next loan. For example, if you qualify for a 1,000,000 credit loan and use 250,000 in addition to existing funds to rebuy your ship, then the next time you take out a loan you will only have 750,000 to draw from unless your rank has increased in the meantime. If a player cannot afford to rebuy their ship with their on-hand funds and the loan they qualify for, they may select a ship they have in storage, otherwise they are declared bankrupt and forced to accept a loaned [[Sidewinder MkI]].
+Any unpaid loans count towards the maximum of your next loan. For example, if you qualify for a 1,000,000 credit loan and use 250,000 in addition to existing funds to rebuy your ship, then the next time you take out a loan you will only have 750,000 to draw from unless you have paid back some or all of your existing loan, or your rank has increased in the meantime. If a player cannot afford to rebuy their ship with their on-hand funds and the loan they qualify for, they may select a ship they have in storage, otherwise they are declared bankrupt and forced to accept a loaned [[Sidewinder MkI]].
 ==Loan amounts==

Fandom>Clockpuncher