What are the terms of the loan? 24MCR is the ammount, but what is the interest rate, what is the repayment period, and is there a grace period?
Just trying to work out how much of my slack Credits are slack at this point in time.
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this would be addressed in a campaign, rather than the contest. Interestingly enough, it would follow that such things would be tailored to the need or the bank and the recipient,given the vagaries of the industry.
likely, the loan is valued with an interest of 8 percent, but if the merc unit is in a risky buisness ( spec ops as opposed to, say, a cadre unit) then the interst could be significantly higher based on that risk, any where from 12 to as much as 40 percent. Also, terms of loan come into play as well.
Again, this has no bearing on the contest.....
BUT, in a campign setting under the same criteria, the loan is made at a flat 8 percent, with either a monthly payment amortized over 5 years ( merc loans, to new units, are ALWAYS short term or with payments made quarterly and generally from an escrow account handled by a third party. ( the preferred method, as it insures payment in term while the unit is engaged in operations) Long term loans tend to be victims of a bad engagement, or bankruptcy as a rule and where there is collateral, unlike a starship loan, mercs tend to use their collateral assets in combat. Depeciation is brutal.( its hard too resell a tank with large holes in it.)
Older units ( ten years in operation and with a favorable record of stability- note: victories are not the perview of the lenders, but rather will look at stable buisness histories instead- a unit could be a consistant loser in combat but if they managed a stable income and profit margin, the lender would regard them favorably. Whether they get decent recruits is another matter)
Grace periods on first time loans are rare. Older units might negotiate them, but grace periods are never the rule, but the exception.
no more drafts, time for the hard stuff 
