This Enhanced Loan System mod makes the credit system a little more realistic. However, standard game credits will be deactivated. If there are still credits in the game, they will be transferred to the new system.
With the help of this system, you can take canceled loans. For this, a loan is concluded with a fixed amount, term and interest rate on the loan. Thus, the monthly payment is calculated, which is written off at the end of each month.
Here the bank requires collateral, so the maximum loan amount is calculated from the current retail value of your cars, fields (60%), cash and your existing loans.
To make the situation more realistic, the interest rate on a loan may rise, fall or remain unchanged every month. This makes it even more important when getting a loan. However, in the settings you can change the variable interest rate to a fixed one.
How does a canceled loan work? Here is a brief explanation: A cancelable loan has a cancellation period, a monthly rate and an interest rate on the loan. This cancellation consists of the repayment amount and the interest amount. The amount of interest is calculated by multiplying the interest rate on the loan by the remaining loan amount. As a result, the amount of interest continues to decrease, and the amount of repayment
- increase.