Robot in Jail › Laws › Fair interest on loans
💸 Fair interest on loans
Interest is the price of borrowing money. It should be fair and shown clearly before you sign, so you know what you will really pay back.
💸 In the game: “Fair interest”
Interest must be fair and shown before you sign.
You learn this law in A quick loan?, Tiny print on a loan. Then you can pass it in your town Council, where it belongs to 💛 Care.
+ Loans cost half the interest − Savings earn 30% less
Every law in the game has an upside and a cost, just like real rules.
In real life
Many countries cap very high interest and require lenders to show the total cost of a loan up front.
Think about it
Why might a loan that looks small end up costing a lot?