Welcome to the
BIG Merchant Bank of EVE
EVE's premier bank, established 2006.02
- specializing in large ISK loans
- for a fee (interest), against sufficiant collateral.
- 1.0% interest per week : 50B ISK loans and above.
- 1.5% interest per week : 15B to 49B ISK loans
- 2.0% interest per week : 1B to 14B ISK loans.
- Minimum 1B ISK per loan (no max).
- Collateral equal to the value of the loan has to be provided.
- Re-financing : Pay off part of the loan at any time and the next interest payment will be lower.
Note : Your interest rate change if your loan bracket change.
If you wish to take out a loan, or simply have questions regarding doing so, please contact one of the following
- TornSoul (admin)
- Sharlath
- Illion
Collateral can be any item that we can resell, to cover a default.
A BMBE broker will evaluate your collateral, and the value determines the size of loan you can acquire,
If your collateral contains BPO's (both T1 and T2) we offer to put them in production for you, at no cost, while they are used as collateral, so you don't lose income from them during the loan period.
You will need to provide the materials for production, and we give you the finished products when they are ready.
Interest is paid a week "in advance"
This simplifies the loan process in a couple of ways
Firstly it allows you to terminate the loan at any time you wish, without advance notice.
Simply pay back the capital loaned, and you're done
Note that if you pay back before the end of a week, you don't get back interest for the remaining days though (this is to keep things as simple as possible)
Secondly it insures that we get at least one weeks of interest from you, as we subtract the first week of interest from the loan amount.
This insures that people don't simply use the BMBE as a place to "sell" their stuff, as they'd lose one weeks worth of interest in the process, should they decide to default right away (in effect "selling" their stuff to BMBE)
You can at any time pay of part of the loan (whole billions only) - and the next interest payment will be reduced, reflecting the new size of the outstanding loan.