Newcomer / Intro So i had to take a loan... how do i repay ?

SeekerOfPower · Dec 23, 2014

Pretty cool.. i crashed the door while trying to get out of a station.. fully packed.. so i lost all my money

had to take a loan.. and the game said they take 10% until i repay... how do i repay ?

thanks for any leads!

Legionnaire · Dec 23, 2014

Its automatic, each time you make credits, 10% get siphoned off till you have paid the loan off.

Antigonos · Dec 23, 2014

its automatically deducted from any income you have in the future.

ninjad^^

SeekerOfPower · Dec 23, 2014

thanks for the answers.. but.... those BASTORDS

Quineloe · Dec 23, 2014

So the loan is basically free of interest? I assume that's not an option for players who are not broke?

Richard · Dec 23, 2014

Not as far as I know, but I like the way you're thinking.

crazygoldfish · Dec 23, 2014

I didn't know you could get a loan, how do you do that?

FaolGlas · Dec 23, 2014

If you don't have enough money to pay your insurance replacement cost, you can get a loan to do so for up to 200,000. Only exists to get your old ship back, no way to borrow money otherwise. And no way to pay it off early, just 10% of your future income deducted until it is paid back.

Quineloe · Dec 23, 2014

So basically the advice "never leave port without at least your insurance buyback in your pocket" is outdated ? If I were to get destroy my ship at 30k rebuy cost with no credits on my current balance, I'd be given a 30k loan?

SheepKnell · Dec 23, 2014

Quineloe said:
So basically the advice "never leave port without at least your insurance buyback in your pocket" is outdated ? If I were to get destroy my ship at 30k rebuy cost with no credits on my current balance, I'd be given a 30k loan?

You could do this, but there is a surcharge when taking the loan so it is not entirely interest free. You also have no control over the repayment unless you specifically go out and make 10 times the amount of your loan. It's a nice safety net if you're flying one of the smaller ships but I still prefer to have enough on hand to cover my own insurance.