How UN Loans Work

At the bank in FTB Quests you can get a small loan.

Small loans unlock bigger loans once the small loan is repaid.

Gluon sets the amount loaned.

Interest Rate

You'll have at least 7 days to pay back your loan

If you fail to pay back your loan with interest, the IRS Auditor may choose to deduct money from your player accounts for the purpose of paying back the loan : you may be deducted to pay for part or all of the loan

The Loan Rate is set by the Treasurer

No negative interest

Failure to Pay?

If you're avoiding payment by hiding your money in other accounts then you may be reported resulting in Admin seizing money from those multiple accounts to pay the loan

Once at a Time

You can only have one UN Public Loan at a time.

Changeable Rates

The rate can change while you have a loan. We recommend you check with the Treasurer

How UN Bonds Work

At the bank in FTB Quests you can purchase bonds of various amounts.

Gluon sets the amount of bonds.

Interest Rate

At the end of the next month you will be repaid the bond amount times the interest.

The Bond Rate is set by the Treasurer.

No negative interest

Example

Suppose you purchase a bond for 1000$ UN Dollars.

If the interest is 10% then at the end of the next month, you'll be paid 1100$

Run on the Bank

If the UN runs out of money in its public bond budget then you will not receive public bond repayment until the next payment time when UN is no longer out of money in its public bond budget.

Changeable Rates

The rate can change while you have a bond. We recommend you check with the Federal Reserve Officers to make sure they won't change the rates suddenly