DESCRIPTION: An object that allows your sims to borrow money as needed.

Minor update to fix name and description.

The Loan Jar appears under Misc/Misc in the catalog and looks like a tip jar. Sims can borrow money at an interest rate that defaults to 3% per day but can be set anywhere from 1% to 9%.

Every morning at 7 am, the interest will be added to the total balance. All payments must be made manually.

Technically, there is nothing that forces you to pay the loan. In fact you can borrow money, delete the jar, and not have to pay it back. This allows it to double as a money generator for people who need a sum of money between kaching and motherlode.

Future versions may add automatic payments, credit limits, the ability to borrow from specific sims and more. Then again, they may not.

LAST UPDATE: March 8, 2010

REQUIRED EPs: University or later

COMPATIBLE EPs: All configurations from University through Apartment Life.

ACKNOWLEDGEMENTS: Inspired by the Mortgage Bush at Simlogical and monique's Automatic Payment Mod at MTS2. Neither did what I wanted so I created my own. The money menu was blatantly stolen from Pescado's Money Order.