Interest is lowered by 10% - Summer special

[Moneta Banker]

Moneta Bank has lowered the loan interest by 10%

Currently at 39% with 15 days term.

I’d like to get some feedback from EU community on the 15-day term. What time frame fits you the most? Please share your opinion if you used or plan to use Moneta bank.

Check out bank shopkeepers and Moneta bank shop, some rare items been added, currently below the market values.

[Outman]

Not sure but isn't 39% high compared to other banks?

[Moneta Banker]

Just a quick announcement that Moneta Bank has lowered the loan interest to the lowest ever:

23.99% and 30 days term

We also offer the most aggressive item pricing approach, so you freeze less items to get the same or even more money for your item comparing to other banks.

Check out our Bank Shop and the shopkeepers to find many items, ore and enmatter been sold under market value.

Thank you for your business.

[xWandererx]

Someone feeling the pinch?

[Butch C]

more like a pawnbroker than a bank isn't it.

Cant see why someone would use something charging 23% when a credit card is heaps lower interest rate and your items don't get locked up at all. If you need to go to a bank inside a game then you need money managing skills big time.

Nice big buildings though, at least they add scenery. but we all hate banks in real life so cant see that changing in virtual life

[QuintusMagnus]

hey, at least they're trying, and seem to be attempting to respond to the market forces at play here (trying to get under their opponents...give it time, these "gas wars" may end up EVENTUALLY creating a pretty decent deal...)

[Mikass]

Have used the Argus bank in the majority of cases cos I like the long term loans they offer(3 months). Would be nice to see Moneta making some long term loans over 1 month at least.

Edited:

Didnt` see the new 30 days days term haha. WTG and +rep to you guys.

[Moneta Banker]

The rate keeps coming lower and lower!!!




19.99% - 30 days

[Psionic22]

Would be nice if any of the "banks" offered a closer to real market value. not 30% 50% or 70% but more like 90-95% range.

To me that would be more important then whatever the interest is. It would also be nice banks to have actual employees not just an automated function so you could set prices of dyanamic items like bps. (how many loans were made of a qr 100 bp. when the loan offer is 90 pec.)

20% a year imho is actually not that high. If the loan was unsecured. However since most of the time the offers for banks are under 70% sometimes under 50% a better rate or loans closely reflecting market are in order.

Otherwise the in game banks are like this. Send me 100 USD I'll hold the money for you and give you a loan for 500 ped. (pay back the ped and interest and ill send you back the 100 USD. (doesn't make sense.) GL

[Indigo Wyrd]

The rate could be dropped to 1%, and I still wouldn't use the banks.
I've nothing to offer them they "want", and can sell my items on the street for more than the banks offer. I also know a number of players who do the same thing - take items on "loan" for PED, many of them charging no interest.