Loan Approval Criteria and Policies

The following are criteria for loan approval by SimState bank:

• Student Loan: a GPA of 2.0 and above
• Mortgage: 20 x the total daily reportable wages for the household
  
• Business loans: 20 x the total daily reportable wages for the household

The option of borrowing directly from friends may also be available. Sims will lend

• up to 50% of household saving to people they are infatuated with at 0% interest. logic is out of the window when love is concerned.
  
• up to 75%, 50%, 25% to their children outside of the household at 0% interest with whom they are best friends, good friends, or simply friends
  
• up to 50% to their best friends, 25% to their good friends at varying interest rates.
  

2000-2004 Bank Statement

Government Treasury

$20,000 Beginning Balance at 2000
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$101,000 Outstanding Loan from Mandala City Bank at 5% interest rate per year
$ 35,000 Donation from Goodie Family
$ 75,950 Income taxes and fees
$ 47,315 Construction of SimStateBank
$115,418 Construction of Goodie Foundation

- $ 25,250 Interest Payment to Mandala City Bank
- $ 40,000 Loan Repayment to Mandala City Bank
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$ 3,967 Beginning Balance at 2005

Outstanding loan of $61,000 at 5% interest per year
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Bank Earnings:

$ 9,070 Rent from Student Housing
$ 14,120 Rent from Two Bank-Owned Apartments
$ 25,250 Interest Payment from Mandala Government
$ 1,850 Student Loan Interest Payment
-$ 15,000 Property Transaction Fees and Taxes
-$ ?? Depreciation
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$ 35,290 - Depreciation (TBD)