Question about bank loans

Im curious on how bank loans work, lets say for example i get a loan on ark deeds, will i still recieve the income daily while they are on loan?

thanks

Dennis blighter said:

Im curious on how bank loans work, lets say for example i get a loan on ark deeds, will i still recieve the income daily while they are on loan?

thanks

Click to expand...

I would not of thought so as they are not in your possession.

"Bank" is a misnomer for these institutions in our game are simply pawn shops. They offer to buy things from you with the agreement to hold them and give you the right to buy them back for a certain time.

With deeds for which a liquid market exists, you're better off selling them and buying them back later, unless you expect a price hike which exceeds the pawn shop's loan premium.

also look around at different banks... some may have better offers than others.

try it out for 1 deed...you only pay like 1 ped loan+1 pec for the check

Dennis blighter said:

Im curious on how bank loans work, lets say for example i get a loan on ark deeds, will i still recieve the income daily while they are on loan?

thanks

Click to expand...

Yes you receive the income as you are still the owner of the deed and the bank only gets possession if u default on the loan.