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⬡ | Ambrosia Loans

Discussion in 'Your Services' started by Tealy, Jun 16, 2021.

  1. Tealy

    Tealy help | help GM CHAMPION

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    Welcome to Ambrosia Loans
    Ambrosia Loans is the largest public emerald loaning service on Wynncraft. If you are in need of LE, Ambrosia Loans is a reliable, simple, and safe way to get some.


    We pride ourselves 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 still having fun.

    Ambrosia has been in operations since January 15th, 2021. Ever since then, we've worked tirelessly to expand our business and provide the best service to as many as possible. Ambrosia has helped over 100 unique clients since our inception, and we intend to continue that far into the future.


    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!

    In order to take out a loan, you must provide collateral. This will be valued by our team of price-checkers, and that will be the amount you are able to take out. Once collateral has been decided, a weekly interest rate will be calculated and the loan can be given.


    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. The first cycle of interest applies immediately upon the loan being taken, and then every week after. Time of day does not affect a loans cycle time, only the day of the month. Our Interest rates are always Flat, and do not compound per week.

    Here is a graph to demonstrate how our standard, unaltered rates are reflected by the amount borrowed.
    [​IMG]
    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.
    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.

    Ambrosia Loans Vouchers
    If you are interested in taking out a loan, you may be interested in an Ambrosia Loans Voucher. Vouchers allow you to get exclusive deals on loans, and can save you a lot of money! You can purchase Loans Vouchers on the Trade Market whenever we release more, or you can buy them from other players who have bought from us. There are limited numbers of Vouchers, so best to get them when they release!

    Upcoming Voucher Releases

    Previous Voucher Releases

    May 9th

    !! EXTRA LIMITED QUANTITY !!

    "High Value Interest Cap" || 8% Interest Hardcap for Loans under 20 STX
    15 LE + tax


    May 3rd

    "Light Interest Reduction" || 10% off Interest Rates for Loans under 20 STX
    7 LE + tax


    "Moderate Interest Cap" || 15% Interest Hardcap for Loans under 20 STX
    10 LE + tax


    !! EXTRA LIMITED QUANTITY !!
    "High Value Interest Reduction" || 35% off Interest Rates for Loans under 25 STX
    14 LE + tax
    Voucher Verification and Regulations

    To verify a Voucher is real is very simple. All you must do is check the "Crafted by" tag on the scroll. Authentic Vouchers will only have the "Crafted by Tealycraft" line.
    [​IMG]

    Ambrosia Loans cannot accept any Ambrosia Loans Voucher that does not pass our verification check. Ambrosia Loans Vouchers cannot be used on Loans outside of their specifically stated jurisdiction or does not follow the current Ambrosia Loans Voucher formatting. Ambrosia Loans Vouchers may only be applied to Loans as they are taken out, in the initial trade window as part of the Collateral of the loan, Vouchers cannot be applied before or after this period. Vouchers cannot be applied to loans based on sale, they must be traded along with collateral in order to take effect. You may use up to 2 Verified Ambrosia Loans Vouchers per loan. Ambrosia Loans reserves the right to decommission any previously released Voucher with a 2 week return and refund window. Vouchers returned after this window can be exchanged for equal value Ambrosia Loans Vouchers of regular quantity. Users entered in the Ambrosia Loans Blacklist will be unable to return or exchange Ambrosia Loans Vouchers.

    How can I help?

    Investment Plan
    If you'd like to help expand the range of Ambrosia Loans, you can choose to invest your LE into our Investment program. When you invest, your LE is used to give out loans to other players, and you will receive a portion of interest! If you are interested in investing with Ambrosia Loans, send a message to my discord @Tealy#7401

    Investing with Ambrosia
    Your investment will net you a percentage of interest from every loan we give. What that percentage is will be determined by how much stake you have with us compared to other investors. For example, if there was 100 stx invested into Ambrosia, and you had contributed 8 stx, you would get 8% of investor interest for every loan.
    [​IMG]

    You are allowed to invest between
    32 LE - 30 STX in increments of 16 LE. Investors are subject to 60% of interest from all loans we do, which is split among all investors according to their stake. Profit for investors increases every time the interest on a loan does.

    Investments can be withdrawn at any time. If you'd like to withdraw, you can send a DM to @Tealy#7401 on Discord, and if your investment is less than 8 stx, you are guaranteed a same-day withdrawal unless previously notified. If your investment is over 8 stx, same-day withdrawal is still likely, but not a guarantee.

    Investments are subject to a 1 week grace period after investing or doubling their current investment before they will begin making profits.

    Job Opportunities
    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.

    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.

    Why should you trust Ambrosia Loans?

    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!
    @PanfriedPanda - On Discord: @knave#6595
    @Essentuan - On Discord: @Essentuan#4733
    @Flora_San - On Discord: @Flora_San_#8833
    @BypassLunar - On Discord: @SoftTaco#7330
    @NovaWolf - On Discord: @NovaWolf#2969
    @JuniorSupreme - On Discord @Junior#0001
    B0R3D - On Discord: B0R3D#5624
    OrangeCybel - On Discord: OrangeCybel#7557

     
    Last edited: Jul 3, 2022
  2. ccccccccccccccc

    ccccccccccccccc horse failure

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    can you list of your standard deals example interest rates?
     
    ThedumbOX and Kahsol like this.
  3. Tealy

    Tealy help | help GM CHAMPION

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    I have done a 18.5 stx loan with a 1% flat interest / week
    Ive also done a 15.5 stx loan with a 0.5% flat interest / week.
    It all depends on the situation, really
     
    Last edited: Jun 16, 2021
    Kahsol likes this.
  4. Mooseroom

    Mooseroom Should probably be doing something more productive

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    Minecraft:
    Cool
     
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  5. OriTheSpirit

    OriTheSpirit Feesh Time 24/7 HERO

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    so this is basically a quicksell station, ok
     
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  6. Tealy

    Tealy help | help GM CHAMPION

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    It's kinda like that, except you have to pay back the LE to get the item back. That's why it's a Loan service
     
    Kahsol, starx280 and OriTheSpirit like this.
  7. Dream

    Dream Hero of the lost atoll CHAMPION

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    Remember kids, loaning moner costs moner!
    thread
     
    Kahsol, Selchar, ThedumbOX and 2 others like this.
  8. Tealy

    Tealy help | help GM CHAMPION

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    fun fact, Ambrosia Loans is directly involved with the creation of that thread!
     
    Kahsol, cmosier and Dream like this.
  9. Tealy

    Tealy help | help GM CHAMPION

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    Bump!
     
    Kahsol likes this.
  10. starx280

    starx280 The boy who cried lunar VIP

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    This may be the first major loaning service on wynncraft, hope it does well :D
     
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  11. Mac N Cheese Man

    Mac N Cheese Man First Official Member Of The Mac N Cheese Club

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  12. DaCorruption

    DaCorruption Serves Dern. HERO

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    i'm going to take a loan and never give it back
     
  13. Tealy

    Tealy help | help GM CHAMPION

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    Send me a DM if you'd like to talk about one!
     
    Stag2001, Skidooskei, Kahsol and 2 others like this.
  14. PlasmaWarrior

    PlasmaWarrior Fishomancer VIP+

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    rich ppl moment
     
  15. Miles_

    Miles_ hi CHAMPION

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    Good luck sir
     
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  16. Behzad153

    Behzad153 Well-Known Adventurer VIP

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    Wanna tell me some expert advice on making money :))
     
    Kahsol likes this.
  17. Mouse_throwdious

    Mouse_throwdious Well-Known Adventurer

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    interesting
    hopefully not like skyblock "loan" systems
    hope this goes well
    best of luck because normally it doesnt go too well (from personal experience)
     
    Kahsol, Tealy and Ninja_VK like this.
  18. RamonaFlowers

    RamonaFlowers Subspace Delivery Girl CHAMPION

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    What are your countermeasures in the event of somebody running away with the money and then never logging back in again?
     
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  19. seeksery

    seeksery Wybel Photographer HERO CMD

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  20. RamonaFlowers

    RamonaFlowers Subspace Delivery Girl CHAMPION

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    Right, must've glossed over that
     
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