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Author Topic: How bank quote our loans?  (Read 1115 times)

GDK

  • Former member
How bank quote our loans?
« on: July 16, 2010, 02:29:58 PM »
Without any securities, I can get $21,100,000 but with 6 aircraft worth $20m I can't even get a loan of $22m.

Offline JumboShrimp

  • Members
  • Posts: 5997
Re: How bank quote our loans?
« Reply #1 on: July 16, 2010, 03:05:52 PM »
Without any securities, I can get $21,100,000 but with 6 aircraft worth $20m I can't even get a loan of $22m.

Do you own the 6 a/c?  If so, are they already used as collateral for other loans?

GDK

  • Former member
Re: How bank quote our loans?
« Reply #2 on: July 17, 2010, 12:06:19 AM »
Yes I owned them and I selected them all together for the loan quote. They are all available and this is the first time I try to get a loan with securities. And my credit rating was B at that time.

I've just checked again and I found that it make no different weather I select any asset or not. The amount I can loan is the same both with or without securities.
« Last Edit: July 17, 2010, 12:10:17 AM by GDK »

Offline Sigma

  • Members
  • Posts: 1920
Re: How bank quote our loans?
« Reply #3 on: July 17, 2010, 12:43:29 AM »
Do you have a lot of outstanding loans?

There is a cap to the total loans you can have, somewhere in the $400M range.  If you're already near that number, then it makes sense that the amount you can get for either Secured or Unsecured would be the same.

GDK

  • Former member
Re: How bank quote our loans?
« Reply #4 on: July 17, 2010, 11:25:59 PM »
I don't have any loan at that time.

Offline CUR$E - God of AirwaySim

  • Members
  • Posts: 4028
Re: How bank quote our loans?
« Reply #5 on: July 17, 2010, 11:42:03 PM »
If you can loan 20 Million dollar without securities and you will loan 50 Million dollars, your securities must be worth those 50 Million Dollars and not only 30 Million.

GDK

  • Former member
Re: How bank quote our loans?
« Reply #6 on: July 18, 2010, 02:24:05 AM »
I just tried again, with securities of $19m for a loan of $15m. Can't.
I can just loan the same amount with no securities, which is $14.2m. So it is like I 'can't use' my aircraft as securities.

Offline Sigma

  • Members
  • Posts: 1920
Re: How bank quote our loans?
« Reply #7 on: July 18, 2010, 03:20:13 AM »
Post your problem in the Bug Forum, but be sure to include a screenshot of your Loan screen.  The part underneath "Take out a Loan" that says "The bank allows you to loan XXXXXXXXX USD with the full loan amount backed with securities, or YYYYYYYYYY USD without any securities. "

 

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