Loan contracts

This page is in the archives. As such it may contain information that is no longer accurate about game mechanics, gameplay or the universe of EVE in general, and is provided for historic purposes only. View all archived pages or Patch notes.

You can decide to Loan an individual or someone in a specific player corporation or alliance items and/or money. You can set both a price and collateral, which is collected from the contractor upon acceptance as well as "Money Lent". You can either choose to loan money or to set a collateral, but not both. This is done to lessen confusion because setting a collateral and loaning money doesn't make any sense.

You can loan a lump sum of ISK by setting up this type of contract but you have to be aware that the payment for the loan is deducted upon acceptance, not completion. For example, if you're loaning someone 10M ISK and accepting 500K as payment you should set the loan amount as 10.5M ISK and payment as 500K. That way the contractor will receive 10M upon acceptance (500K is deducted immediately) and he will have to return 10.5M ISK when the contract is completed. You cannot set any kind of collateral with money loans so you should make sure that you trust the person you're loaning to. Also, since these types of contracts are almost always between two individuals they will not be visible to others in the character's contract history.

You can also loan most items you have, ranging from minerals to fully fitted ships.

If you enter a fitted ship into a loan contract the item hierarchy of the ship is maintained so all modules remain fitted. Important thing to note is that if you enter an insured ship into a loan contract you will not get an insurance payout if the ship is lost while on loan, but the contractor will get a basic payout for the lost ship.

However, if your corporation loans an insured ship to any character in the corporation or in any corporation in your alliance, the corp will get an insurance payout and in that case the contractor will not get anything. What this means is that if the ship is destroyed while on loan the issuing corporation will receive the insurance payout for it. Because of this the corporation might be able to have the collateral of such a loan lower than he might otherwise because it might just need to cover the price of a new insurance plus the price of other items. This only applies for corporations under these specific circumstances. It really doesn't pay for corporations to loan outside their alliance!

If lent items are lost during the loan period the contractor is able to replace them with identical copies except in the case of space ships. If the contractor loses a cruise missile launcher that he borrowed in this fashion he can buy a new one and "Complete" the loan contract, but if he would lose a Raven spaceship then he will never be able to complete the contract.

You are not able to loan blueprint copies, but blueprint originals can be copied. As such, you could loan a blueprint original in order for a corp mate to research it.

The expiration possibilities for this type of contract are 1 day, 3 days, 1 week and 2 weeks.

This page is in the archives. As such it may contain information that is no longer accurate about game mechanics, gameplay or the universe of EVE in general, and is provided for historic purposes only. View all archived pages or Patch notes.

Rules

• A loanee will be able to return identical items in exchange for the items he/she borrowed except for ships. The exact ship will have to be returned in order to complete a loan contract.
• insurance is not voided for inner-corporation Loan contracts so your corporation collects insurance if the ship is destroyed while on loan to a corp member. As such, the corp can set a lower collateral than it would otherwise. This does not apply for other loans and insurance will be voided if you loan your ship to another person.
• blueprint copies cannot be entered into Loan contracts.

Overdue Loans

This applies to loan and courier contracts. The number of days to complete the contract has passed and the contractor has not marked the contract as finished. The contractor can now click on the contract in the journal and Finish it if he has met the criteria. He can also Fail it. The contract issuer can fail the contract as well but he is not required to do so yet; he can give the contractor more time by simply taking no action.