[Guild Vault Loan Programme]

This document is for the Guild Vault Loan Programme provided by the Guild Bank of Guild IU. This
facility is only available to Guild IUs members.


Overview

The Guild Bank is officially opened for loan to all members. Members interested in taking a loan from
the Guild Bank must apply for it using the template provided below. Applicants MUST also read the
Terms and Conditions of the Loan carefully.



Terms and Conditions

The terms and conditions of the Loan is as stated below:
1. Loan can only be taken up by a Guild IU member



2. The Loan is to be used for purchase of armours/weapons/enchantment purposes ONLY.
2.1 The Loan is essentially for the member to strengthen him/herself up for the Guild.
2.2 The Loan is NOT to be used for personal purposes (e.g. Giving money to another player for
Personal reasons.)

3. Guild Member is allowed a loan of up to 500G and he/she has to make a minimum loan of 100G.
Anything more than the maximum or lower than the minimum would be rejected.

4. A Loan Interest would not be imposed on the Loan taken up by the Guild Member.
4.1. The maximum time which the loan can be held for is 2 weeks. After the 2
nd
week, the
Member MUST return the Loan
Note: Members who stored the loan beyond the 2
nd
week would be subjected to a fine that has
already been included in the 25% interest

4.3. Members who do not return the loan after the 2
nd
week even after urging by leaders
would be subjected to consequences. (Refer to Consequences section below)

4.4. Take note: The day which the Loan was given out according to Treasurers record would be
considered as the 1
st
day. (E.g. Loan given out on 18/12/2013, thus 1
st
day of Loan is
18/12/2013)



5. This Loan programme is strictly for all Guild IU members only, thus there shall be no borrowing
from the Guild Bank for other friends.



6. No Loans is to be taken by a member who has not repaid his outstanding Loans. This includes
unpaid interest of the previous Loan.


7. The Application for the Guild Loan may take up to 3 hours for the Application to be processed,
and it would take another 2 hours for the money to be delivered. (Usually it would take an hour
or so only, depending on whether a Leader is online.)

8. The Guild would not be responsible if you lost your item deal due to delayed delivery of gold, it
is advised that you send in your Application 1-2 Days before.


9. The Guild would not be responsible if you are scammed while using gold from the Loan to
purchase cash/untradeable items/etc.

10. With reference to Condition 9., If you have a reason to not pay the Loan in time, please send
in a PM/Mail to all 3 Leaders In-Game and also on Facebook. The Leaders would then consider
the reason to see whether if it is valid. If the reason is valid, the return of Loan can be delayed
depending on severity of problem.


11. Application may be rejected if the Applicant is deemed as untrustworthy or has a bad name
around for scamming/not returning money.

12. A player can only take ONE Loan from the Guild Bank at any point of time, regardless of number
of characters. He can only take up a second Loan when the first Loan has been fully repaid.


13. The amount of times where you can take a Loan from the Guild Bank is unlimited, however,
previous Loans must be fully repaid for the next Loan to be taken.

14. Should a Guild Member wish to take a Loan of more than 500g, he/she MUST leave some form
of insurance behind (e.g. One of his Unsoulbounded Armour/ Item worth the amount of Gold he
wish to loan/etc.) Once the Member who took a Loan of more than 500g returns the Loan, his
form of Insurance would be returned to him within an hour.

15.1. Take note: Form of Insurance MUST be tradeable in some sort of way (either through
Mail/Market/Trade)

15. Please take note that Loans above 500g would be decided on a case by case basis. Final decision
rights goes to the Leaders.

16. All final decision rights goes to Leaders. Decision made by Leaders would not be changed unless
deemed necessary.



Consequences
1. Should a person not repay the Loan after the 3
rd
week would be subjected to a 30% fine.

2. Should a person not repay the Loan after the 3
rd
week EVEN after urging from Leaders, he would
be placed on a blacklist and not be allowed to take a Loan anymore, unless the change in that
person can be seen.

2.1. Member who still do not repay the Loan after the 3
rd
week even after urging from Leaders
would have his name repeated in Guild Chat to repay the Loan. (Take note: All earlier urging
from Leaders would be in the form of PM/Mail)
2.2. If a Member still do not repay the Loan after the 3
rd
week after urging from Leaders and
Guild Mates, he shall be kicked from the Guild and have his name announced through Trade
Chat to be wary of that specific Member.





3. Members who took a Loan of more than 500g for more than 3 weeks and has left his form on
Insurance in the Guild Bank, but refuses to return the Loan, would have his form of Insurance to
be forfeited and kept by the Guild Bank, until he returns the Loan. (Take note: Form of
Insurance would be returned the moment the Member repays the loan.)






















Template

Name(IGN)*: _Kelli__________
Total amount of Gold to be loaned*: 500____
Item to be purchased with Guild Bank Loan*: Zauharant Blade
Estimated number of days needed to repay Loan*: 5 Days
Form of Insurance*: Phoenix Pet (Only for Loans above 500g)


*Edit accordingly