Your sim can then take out another loan if desired.

However, once your sim pays off the loan, you can click on the loan packet and select Destroy.

Sims can only have one active loan at a time.

TheyвЂ™ll have to use the computer and click on SimCity Loans > Request Loan Forgiveness (which will cost В§1,000), then after 3 days they can apply for a loan again if needed. If your Debtor sim dies and gets added back to the household either as a ghost or resurrected, they wonвЂ™t have the loan packet anymore (obviously since it went to the household inventory). DonвЂ™t worry, any payments that the deceased sim made wonвЂ™t be lost! This will add the loan packet to that simвЂ™s inventory and he/she will be responsible. After you place it on your lot, another household sim can use the Take Over Loan interaction. If your Debtor sim dies, the loan packet will be sent to the household inventory (still not delete-able). The only way to remove this is to make a payment (or pay in full). If you donвЂ™t have enough Simoleons for the late fee, it will deduct when you do. If your sim is at work, the late fees will be deducted shortly after they get home. After the first late fee, they will be deducted about every 24 hours until your sim makes a payment. Once you receive the Loan Payment Overdue buff, a 5% late fee (5% of your payment) will be deducted shortly after, and if your sim ignores this buff for 24 hours, this buff will turn into a Loan Payment Overdue! (stressful mood) buff.

If your sim doesnвЂ™t make a payment (or pay in full) within 48 hours, he/she will receive a Loan Payment Due (fine mood) buff.

Make 12, 24, or 36 payments which includes a 5% interest rate.

Your sim will then be responsible for repaying it! When repaying the loan, you have two options: Once you select the loan amount, your sim will receive a Loan Packet in their inventory (which is not delete-able). From there you will select which loan amount you want. When your sim needs a loan have them click on the computer and select SimCity Loans.

Original Description (edited to merge in newest features info): Your sims (teen and up) can now apply for loans from SimCity Bank.

How to install simcity mods