Enhanced Loan System v1.0.0.0 LS22

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Enhanced Loan System v1.0.0.0 LS22

This mod makes the credit system a bit more realistic. However, the standard game credits will be deactivated. If there are still loans running, they will be transferred to the new system.

With this system it is possible to take annulment loans. For this, a loan with a fixed amount, a term and a loan interest rate is concluded. This calculates the monthly installment, which is debited at the end of each month.
The bank requires collateral here, so the maximum loan amount is calculated from the current retail value of your vehicles, fields (60%), cash and your existing loans.
To make this a bit more realistic, the loan interest rate can rise, fall or stay the same each month. This makes it all the more crucial when the loan is taken out. However, you can also change this variable loan interest rate to a fixed loan interest rate in the settings.

How does an annulment loan work? Here is a brief explanation:
An annulment loan has an annulity, the monthly rate, and a loan interest rate. This annulity is made up of the repayment amount and the interest amount. The interest amount is calculated by multiplying the loan interest rate by the remaining amount of the loan. As a result, the interest amount keeps decreasing and the repayment amount keeps increasing.

Authors:
Chissel




Why & How to use FS22 mods

Have you tried Farming Simulator 22 Mods already? Downloading FS22 mods is one of the best ways to upgrade your Farming Simulator 22 game by just installing it. All that you need is to select Farming Simulator 22 mod and upload it to your game mod folder. Here you will find modifications such as Tractors, Maps, harvesters mods for FS22. However, the best way to see how it works is just to try and explore these LS22 mods right now.


LS22 Other

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