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Loan Shark

Started by Asshole [949262] on in Questions & Answers.

7 replies · 217 views · thread synced · 8 days ago · View on torn.com
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  • ArttiIsGod [1954421] Wiki Contributor · 6 likes ·
    Your maximum available loan is based on your net worth and credit score. Credit score can be increased by paying loan fees on time, and a good credit score lets you get larger loans in the future. Source Added duke …
Asshole [949262] · #1

Could someone tell me in detail how the loan shark max amount increase works?

I've searched through the forums and this is what I got. Could u pls tell me which are wrong.

1. Selling DPs and points to pawn shop increases the max amount.

2. Then someone else said more recently that selling DPs at pawn shop doesn't work anymore. (For increasing max amount)

3. Sell items back to the game to increase max amount.

4. Keep taking the max loan and pay it back to increase max amount.

5. Use 10* TV special to increase max amount.

 

Also some say that the cap for max amount is 1bil, while some say it's 1.5bil?
ArttiIsGod [1954421] Wiki Contributor · #2 · edited

Your maximum available loan is based on your net worth and credit score. Credit score can be increased by paying loan fees on time, and a good credit score lets you get larger loans in the future. Source


Added duke loan increases (aka old networth) via item gain crime results (market values) - Patch notes


You can take a out a loan from Duke, up to 20% of the money you have made from crimes. You can also increase this by improving your Credit rating with Duke, which you do by paying back your fees on time. He charges you 2.5% interest per week on your outstanding balance. The maximum loan it is possible to have is $2,000,000,000. Torn Wiki


I hope that will answer your question. :)

Mentions: Patch list #34 : 27/02/2018 · There's a new loan shark in town

Rum4nyby [1567187] · #5

You can’t. 

But if you pay interest on time and get the opportunity to take out bigger loans, then it’s probably increased.
Asshole [949262] · #6 · edited

ok so just to be clear the ONLY ways to increase max available loan is from doing crimes, and paying back the interest in time?
Sanshiro [2133181] · #7

If you rent a pi, you can let the upkeep unpaid and it will go to Duke after the rental period is over. That's a fast way to increase your loan though it doesn't increase your credit score. But I was able to get the merit after paying the increased doses for a couple months.