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  1. #1
    Elite Tzepu's Avatar
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    Fort Argus Bank is open for business!



    FORT ARGUS BANK - providing liquidity to the universe

    I'm proud and happy to announce that Fort Argus Bank is once again operational!




    Sit down, relax and browse the auction!




    Enjoy a peaceful crafting session!




    It's finally possible to take loans for Calypso Land Deeds, Arkadia Underground Deeds, Spacecraft and estate deeds !!!

    With help from Mindark I hope it will become more than a pawnshop in the future! I can hope, can't I.

    Read the next posts for further information on the bank and it's current services.

  2. #2
    Elite Tzepu's Avatar
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    FORT ARGUS BANK - providing liquidity to the universe


    How to take a loan

    The bank teller can take a few seconds to load the item list. Use the item search for a smoother experience.

    You can take a ped loan for items using those items as collateral. Most items can be used but sadly some are bugged and waiting for Mindark to add them to the bank list.
    As standard all the stackable items have 90% of TT as loan value and all the UL items have 90% of full TT value as loan value.

    I've added higher loan values for most of the good items ingame and will constantly work on improving that list!


    Trying to update the Special Items list on a regular basis to be able to offer the best loans at the best rates!

    Over 333 pages of items (that's around 5000 items !!!) now have special loan values and the list is being constantly updated when new items are discovered!



    To take a loan you just put the item in the bank interface, you see the loan offer and terms and if you're happy with it click accept.

    The item goes in the bank vault and you get a Loan Deed detailing loan amount and loan expiration date.

    The interest you see in the bank interface is yearly. Detailed description of the interest rate can be found in the next post.

    The interest on the loan is calculated daily! You only pay for the days you use the loan!

    When you want to repay a loan (you can do it anyday of the loan period) acces the Bank Teller to see the amount of ped you need to pay back.

    If you fail to pay it back in time the Loan Deed expires and gets removed and the item remains in the possession of the bank.

  3. #3
    Elite Tzepu's Avatar
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    FORT ARGUS BANK - providing liquidity to the universe


    How yearly interest works

    <<< YEARLY INTEREST LOWERED TO 49% >>>

    At the moment the bank has 49% yearly interest. The current loan term is 30 days. Both these numbers might change in the future. Any change won't affect any loan already taken and just future loans.

    As it is now 49% / year means
    49/12 so 4.083% / month
    49/365 so 0.134% / day

    If you loan 1k peds for the full 30 days you will have to pay back 40.8 ped interest so 1040.8 ped.
    If you pay back the same loan after 1 day you will pay only 1.3ped interest so 1001.3ped.


    How loan values are set

    This business is a bank or pawnshop as some like to call it.
    It is not an "item buying shop" like some were mislead to believe.

    The values I have set for loans are not what I think those items are worth.

    I do not want to expose myself to a high risk of getting the bank filled with items that will be left there to expire on purpose. This has happened many many times in the past to the other banks and that's why some of them are out of business now.

    On the top items like a mod or imp fap the loan values set are capped at 40k to make it possible to use them for loans. Normally it won't be more then that sitting unused in the bank. I check often and add peds whenever needed. If I would set loans close to real value the bank would never have enough peds available for a loan to be taken without a reservation like mentioned below.


    Extra services for big loans

    If you want to take a big loan or change loan values all you have to do is contact me.
    It's possible to reserve peds for a loan (depending on how much cash I have available at that moment), to work on loan ammount for items (make it higher or lower depending on the exact amount you need) or to work on loan term.


    Extended loans and lost item recovery

    If you are worried about losing your items best safety is to take a screenshot of the Loan Deed. If the loan expires and the deed gets removed it will be your proof that it's your item that's in the bank. As the bank system works now I only see item name and date, no hour and especially no name.

    If you have RL or ingame issues affecting you or your avatar and you realize you won't be able to repay the loan contact me here or ingame (or have a friend contact me) before the loan expires.

    To extend a loan you just have to contact me before the loan expires and I will extend it for 1 extra loan term (of 30 days atm) and the cost will only be the normal bank interest.
    It's possible to extend a loan just once!

  4. #4
    Prowler xXSqUaLLXx's Avatar
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    Congratz on your purchase, I hope that you will make it successfull like it never was done before.

  5. #5
    Quote Originally Posted by Tzepu View Post
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    Additional bank services are being worked on
    Was this announced somewhere?
    2.99% Spiders! @Takuta Plateau 38736, 31700


    Taking offers for Modified Fire Forge BGH 4400M

    Xen Shop Hyperstim 10mg 6.5 ped each | Combustive Attack Nanochip VIII t1.9 | Dune Rider Arm Guards (M) t1.9 | Dune Rider Foot Guards (M) t1.7 | Merry Mayhem 12 Shin Guards (M) t2.7 | Athenic Ring Adjusted | Christmas 2017 Strongbox 168 @ 7 ped each LAST CHANCE TO LOOT THE EPIC CHRISTMAS RING 2017!

  6. #6
    Elite Tzepu's Avatar
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    Quote Originally Posted by xXSqUaLLXx View Post
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    Congratz on your purchase, I hope that you will make it successfull like it never was done before.
    thx m8

    Quote Originally Posted by Xen View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Was this announced somewhere?
    I didn't say Mindark is making additional services

  7. #7
    Quote Originally Posted by Tzepu View Post
    This quote is hidden because you are ignoring this member. Show Quote
    thx m8



    I didn't say Mindark is making additional services
    So there are two seperate things being said in this sentence?

    Additional bank services are being worked on and with some help from Mindark I hope it will become more than a pawnshop in the future.
    If so, I misunderstood.
    2.99% Spiders! @Takuta Plateau 38736, 31700


    Taking offers for Modified Fire Forge BGH 4400M

    Xen Shop Hyperstim 10mg 6.5 ped each | Combustive Attack Nanochip VIII t1.9 | Dune Rider Arm Guards (M) t1.9 | Dune Rider Foot Guards (M) t1.7 | Merry Mayhem 12 Shin Guards (M) t2.7 | Athenic Ring Adjusted | Christmas 2017 Strongbox 168 @ 7 ped each LAST CHANCE TO LOOT THE EPIC CHRISTMAS RING 2017!

  8. #8
    Self-Requested Deactivation MindStar9's Avatar
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    Congratulations on your acquisition.

    Hopefully things will work out exactly as you'd like them to, and I wish you success.

  9. #9
    Elite Tzepu's Avatar
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    thx MindStar9


    Edited that sentence to make it Xen proof

  10. #10
    Elite Strash's Avatar
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    make the bank BIG!!!! soo big it can touch the sky !!

    Good luck with it

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