Welcome to Ambrosia Loans Ambrosia Loans is one of the few (if not the only) public loaning service on Wynncraft. If you are in need of raw LE, Ambrosia Loans is a reliable, simple, and safe way to get some. I pride myself on Ambrosia Loans accessibility, client care, and reputation as a flawlessly delivering loan service to all of Wynncraft. We take great care to ensure our clients are happy and stress free while borrowing LE, and we try our best to be as transparent as possible, and help everyone out while having fun. How can you take out a loan? Taking out a loan is very simple! If you would like to keep it private, you can send me a Discord message @Tealy#7401, or start a conversation with me here on the forums. You can also comment on this thread with your Discord, and I will send you a message! First we must know how much you'd like to borrow. Usually this can be anywhere from 1 to 15 STX for a first time loan, though previous interactions may allow you to borrow more. I will ask you a few questions about the deal, and we will discuss collateral you can provide. Finally we will decide on an interest rate, and we can make the trade. Spoiler: Interest Rates Interest Rates At Ambrosia Loans, we do depend on Interest Rates in order to maintain ourselves, however, we try our best to maintain low stress on our clients, and as such, we have some of the lowest interest rates around. Our clients will be able to choose between Compounding and Flat rates. Exact interest rates depend heavily on the situation of the loan, and is assigned on a case-by-case basis. However we have many standard deals to help ease the load of repaying. 1. We can cap off and freeze interest in the event of something like IRL commitments, computer malfunctions, etc, and other difficult situations. This means if you are in a situation like those listed, or otherwise are unable to work to pay off the debt, we can stop the debt from raising, and can even permanently cap how high it can go. 2. We can offer expert advice on making money, and can assist in some ways in doing so. We can educate you on different ways to earn money, share lootruns with you, and offer market advice in some situations. 3. We can in some scenarios lower interest rates If worst comes to worst, we can discuss lowering interest rates from what was agreed upon when the loan was taken. This may or may not affect past debt increases, depending on the situation. Spoiler: Collateral Collateral In order to ensure every loan helps everyone, we must take collateral of equal value to that of the loan. Collateral is an item(s) that would be exchanged for the loan money throughout the duration of the debt. Collateral is often in the form of Mythics, though other items may also work. An items value must be clearly stated and proven by our market experts before being admitted as Collateral. An item being held as collateral will be safely stored in the bank until it is returned when the debt is paid off. Why should you trust Ambrosia Loans? Spoiler: Client Assurance Ambrosia Loans has been running for a relatively short time (Since January 2021) - how can you be sure this is all legitimate? We want to help all our clients feel at ease and secure when dealing with us, so we've asked some of our previous clients to help explain Ambrosia Loans to any would-be clients that need some assurance. You can send a message to anyone listed below on Discord or on the forums with any questions or concerns you may have, and they can share their experiences with us. Keep in mind this obviously isn't every client we've had, just those that have dealt with us multiple times, and would have more insight into how it all works, who agreed to be part of this program! Spoiler: Previous Clients @PanfriedPanda - On Discord: @knave#6595 RisingDead155 - On Discord: @RisingDead155#5941 @Essentuan - On Discord: @Essentuan#4733 @Flora_San - On Discord: @Flora_San_#8833 How can I help? If you are interested in working for Ambrosia Loans, send an application to my discord @Tealy#7401. We are looking for people who know the market well, and can help price check items, provide financial council, and work to stop fraudsters and scammers. You will be paid a percentage cut of revenue for each successful deal you assist with as any of the above. Spoiler: Application Format What is your IGN? How long have you been playing Wynncraft? How much LE do you have? (aprox) How long have you been invested in the Wynn market? What are you looking to do for Ambrosia Loans? (Price checker, financial advice, assistant council, etc) You will be asked to answer some on-the-spot questions pertaining to your chosen position.