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  Forum » Doubts and questions » Loan for bank Date
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International
If a loan is given from bank,will expired date be on it and if there is and couldnt meet up with the expired date,what will happen? 03/07/2011 01:34
  SHEGS FC - Div3/Gr8
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5569 msgs.
Golden Ball

it automatically deducts from you account weekly on sunday (my time)

If you don't have enough, you go into the red (your account goes negative)

If you are in red 2 weeks, you are fired and have to wait for another team
03/07/2011 02:13
  - Div/Gr
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1948 msgs.
International
Thanks but Like how much will they be deducting every week? 03/07/2011 09:36
  SHEGS FC - Div3/Gr8
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471 msgs.
First-team player
That depends on the amount you were granted,1000$ loan wont attract the same charge as 1000000$ loan. 03/07/2011 10:16
  - Div/Gr
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5569 msgs.
Golden Ball

Take the pending amount and divide by number of weeks.

That's how much is coming out.
03/07/2011 10:28
  - Div/Gr
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5569 msgs.
Golden Ball
and don't worry about going into red.

I've been -3M one week, paid it off on Friday, then went to -4M on Sunday night

Just get to positive by end of week and think of going into the red as a "zero interest short term loan that prevents you from acquiring free agents" thing.

03/07/2011 10:30
  - Div/Gr
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1948 msgs.
International
Ok thanks!...just that i wanna loan like 3M from bank,so i'm scared of what will happened next. 03/07/2011 12:11
  SHEGS FC - Div3/Gr8
921 msgs.
MVP of the game
Make the loan in 3 lots of 1mil, that way it's easier to pay off early if you want to. 03/07/2011 12:43
  - Div/Gr
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International
Good idea 03/07/2011 13:25
  SHEGS FC - Div3/Gr8
     
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