Loaning from the
Applying for Loans
Making Loan Payments
Whenever you need quick cash, you can get a loan
from the bank. The bank will allow you to take out a loan of up to
75% of your net worth. It takes one month to clear your credit
before the check for your loan comes in. You can choose one of two
types of loans: fixed-rate and variable-rate. For a fixed-rate loan,
the interest you pay stays the same throughout the entire life of
the loan. For a variable-rate loan, the interest depends on the
current interest rate for the month. Make sure you pay your loans on
time, or your credit rating will decrease!
1. Month: The current month you are in.
You start the game on the current month according to your computer
clock. The number in parenthesis next to the month is the turn
number you are currently on. The game lasts for 120
2. Net Worth: The total net worth of all your
assets, including cash, crude oil, products, land, etc., minus your
3. Cash: This is the amount of cash you
currently have available to you for purchases.
4. Current Loans: The number of loans you
5. Total Loan Balance: The sum of the current balance of
all of your loans. This is the amount you owe the bank, minus any
6. Current Interest Rate: The interest rate for the
current month. The interest rate follows the trend in the price of
various products compared to the cost of refining. If the cost to
refine crude is much less than the price the products can be sold,
the interest rate is generally low. However, if the cost of refining
is high compared to that of selling, the interest rate is usually
7. Credit Rating: Your current credit rating. You start
out with the highest rating, "AAA." However, if you start to miss
your loan payments, your credit rating starts to decline. You will
not be able to take out a full loan if your credit rating is below
"AAA." If your credit rating is "D" and you miss another payment,
the bank will begin to repossess your assets. So make sure you
always have enough cash at the end of the month to pay back your
8. Maximum New Loan: The largest loan you can
currently take out. This factor depends on your credit rating, your
current net worth, and the amount of loan debt you have. You cannot
take out a loan that if your debts are greater than your
The follow items only appear when you currently have
a loan. You can switch between loans by click the green arrow at the
top of this section.
9. Loan Balance: The amount you still owe on the selected
loan, minus interest.
10. Interest Type: The type of interest for
the selected loan, either fixed or variable. The interest for a
fixed-rate loan depends on the interest rate when you applied for
the loan. The interest stays fixed at that rate plus an additional
3%. The interest for a variable-rate loan depends on the interest
rate for the current month. The interest rate for the loan rises and
falls with the current interest rate, but the interest rate is not
increased by 3% like fixed-rate loans.
11. Current Loan Interest Rate: The amount of interest you
are paying for the selected loan. This value is based on the
interest type for the loan.
12. Interest Amount: The amount of interest
you have to pay for the selected loan this turn.
13. Principal: The amount that will be paid off for the
selected loan this turn.
14. Payment Due: The total amount that has to
be paid for the selected loan this turn. This value is the sum of
the principal and the interest amount for the
15. Maturity Date: The month at which the selected loan
will be paid off. After this date, you will need to make no further
payments for the loan.
16. Debt Accumulated: The amount you owe in
addition to the principal and the interest for the loan. This value
increases every time you miss a loan payment. If you have a low
credit rating and you miss additional payments, your assets will be
repossessed in order to pay off this debt.
17. Apply for New Loan button: Click this
button to apply for a new loan. See "Applying for Loans" below for
18. Make Loan Payment button: Click this
button to make a payment on the selected loan. See "Making Loan
Payments" below for more information.
19. Close button: Closes the current screen
and returns you to the main menu.
20. Toggle Main Menu: Opens the main menu
without closing the current screen. If the main menu is
already shown, clicking this button will hide the main
21. Interest Rate graph: Shows the trend in the interest
rate over the past 12 months.
Applying for Loans:
If your credit rating is high enough and your net
worth is high compared to your debt, you can take out a loan. Below
is a table that determines the maximum amount of a new loan
depending on your credit rating:
New loan can be 75% of net worth. This
is the credit rating you start out
New loan can be 60% of net worth.
New loan can be 50% of net worth.
New loan can be 30% of net worth.
New loan can be 10% of net worth.
Cannot take out a loan. If you miss 5 additional
loan payments at the end of month, the the bank will begin to
repossess your assets.
To apply for a new loan, click the Apply for new loan button. The
graph at the bottom of the screen will be replaced by an area where
you can specify the amount and options of the loan (shown below).
The amount defaults to the maximum loan you can apply for. You can
also set the amount by clicking the Maximum button. You can specify
whether the loan is fixed-rate or variable rate by clicking the
appropriate option buttons to the right. The processing fees
required for the loan are also shown; these fees will be deducted
from your cash after you click OK.
Making Loan Payments:
Payments on loans are made automatically at the end of each turn.
The amount is specified in the Payment Due field on the bank screen.
If you do not have enough, your credit rating will decrease; if your
credit rating is a D and you miss 5 additional payments, the bank
will begin to repossess your assets, including crude oil, land
plots, refineries, etc.
Another way you can make loan payments is by clicking the Make
Loan Payment button. The graph at the bottom of the screen is
replaced by an area where you can specify the amount you wish to pay
back on the selected loan (shown below). You can pay back as much as
the entire balance of the loan if you have enough cash. After
specifying the amount, click OK. The request will take 1 month to