Maize Bank
Understanding the FOC banking system, loans, and financial management.
Maize Bank: Central Financing
FOC operates through Maize Bank, a centralized institution designed to provide fair and balanced access to capital while protecting the long-term community economy. Our goal is to ensure that every eligible farmer can secure funding based on transparent, data-driven criteria rather than personal relationships.
Core Lending Policies
- ⚖️ Equal Standards: All community members are judged by the same criteria for loan terms.
- 📊 Scoring Criteria: Eligibility is based on loan term, Debt-to-Asset (DTA) ratio, and down payments.
- 🚫 DTA Cap: DTA cannot exceed 80% on any loan. Applications exceeding this will be denied.
- ⏳ Frequency: Loans can only be withdrawn once every 12 days to prevent debt snowballing.
- 💳 Active Loans: Max 2 active loans per player. You must pay off 50% of an existing loan to be eligible for a second.
- 💰 Total Debt Cap: Maximum total debt is $3,000,000 across all Discord and In-Game loan combinations.
- ⏰ Auto-Payments: Loan payments are automatically withdrawn daily at 17:00 UTC.
Maize Bank Personnel
- 🦊 Lead Banker: Onefox
- 💼 Community Bankers: PavementPilot, Ormzy, Veracity, Yuck
Loan Command Reference
Financial commands should be executed in the #bot-stuff Discord channel.
| Command | Description |
|---|---|
/loan equity | Checks your DTA ratio and financial standing. |
/loan apply | Submit a request (Bank: Maize, Amount, Months, Reason). |
/loan list | Shows all active loans associated with your ID. |
/loan accept [ID] | Finalize an offered loan after Banker approval. |
/loan pay [ID] [Amt] | Make a manual payment toward a specific loan. |
/bal | Quick view of Checking, Loan, and Server balances. |
Loan Tier Classifications
| Loan Type | Requirements & Terms |
|---|---|
| New Farmer | FMs within 30 days of joining. Max $1M, 96-month term, 2% Fixed APR. One-time use. |
| Small Farmer | FMs with ≤ 100 acres. Choice of: Standard Rate - 2% OR Down Payment APR reduction. |
| Standard Farm | FMs with > 100 acres. Standard APR rates apply. No down payment discounts. |
Interest Rates & Risk Factors
Base Interest Rates (by Term)
| Term Length | Base APR |
|---|---|
| 4 Years (48 Months) | 6.0% |
| 5 Years (60 Months) | 6.5% |
| 6 Years (72 Months) | 7.0% |
| 7 Years (84 Months) | 7.5% |
| 8 Years (96 Months) | 8.0% |
Additional Risk Factors (ARF)
| DTA Ratio Range | APR Adjustment |
|---|---|
| Below 50% DTA | Base Rate (No increase) |
| 51% - 60% DTA | +0.5% APR |
| 61% - 70% DTA | +1.0% APR |
| 71% - 80% DTA | +2.0% APR |
| Above 80% DTA | LENDING PROHIBITED |
Default & Liquidation Protocols
A 'Late Payment' is defined as any automated daily payment that fails due to insufficient funds. The penalty is $5,000 OR (Missed Payment x 1.25), whichever is higher.- ⚖️ Enforcement Policy
- 🚫 3 Missed Payments: You become ineligible for a second loan until the first is paid in full.
- 🏚️ 5 Missed Payments: Admins will begin liquidation of farm assets to satisfy the loan balance.
- ⏳ Probation: Players who reach 5 misses or liquidation are barred from borrowing for 30 days.
Financial Integrity & Spot Checks
Maize Bank conducts regular random spot-checks on community financial dealings. These audits ensure rules are followed and prevent 'funny business.' If evidence of wrongdoing is found (intentional or otherwise), we will take corrective action to protect the economy and community integrity. If you are ever unsure about a transaction, please consult a Banker before proceeding.