Chapter 1434 - 1228: Loan Services (2)

Chapter 1434: Chapter 1228: Loan Services (2)

They practiced for them. You know, Suzhou is quite far from here. A round trip takes more than a month. Clearly, judging from his words, the bank in Suzhou was established more than a month ago.

If you say this thing is impossible, they won’t doubt anything anyway. After all, this is the Emperor’s doing, isn’t it easy for the Emperor to do whatever he wants?

And looking at the present moment, the female attendant at the counter, upon hearing these words, reached out and took the silver notes from them, scrutinized them carefully, and finding no issues, nodded directly at the other party:

"Yes, there is no issue with these silver notes. Indeed, they can be cashed, and our Royal Bank is universally accepted, not just in Suzhou.

Within Zhao Country and the United Kingdom, our banks have also been established. Anywhere with banks in the surrounding area, he can withdraw silver."

While speaking, she also beckoned to the people behind her to fetch the silver, and seeing the bright, shiny silver taels laid out, everyone couldn’t help but gasp. It turned out to be true, indeed that convenient?

If this is the case, isn’t it just as they had speculated? Every time they go merchanting, all they need to do is slip these thin pieces of paper into their bosom. Then, many unnecessary troubles could really be avoided. Everyone couldn’t suppress their emotions at this thought.

All the silver was deposited into this bank all at once.

And these people were extremely enthusiastic. The storage of silver continued for a full week before it slowly came to an end. It can be said that now all the merchants in the Capital City have deposited their silver into this bank.

Especially when someone really took silver out from the bank the next day, it further confirmed their inner worries and made them thoroughly let go of their concerns. In this way,

each of them became relieved and also took out all their silver. On the fifth day, Lin Yi received a report, this report wasn’t from elsewhere, it was sent by the bank itself.

Looking at this report from the bank, seeing the detailed record of the amount of silver taels, Lin Yi was quite shocked as well. He never imagined these people were so wealthy,

the amount of money has reached an extremely terrifying figure, and these silver coins combined are simply ten times more than all the silver currently in the national treasury. How could Lin Yi not be shocked by such a huge amount of wealth?

You know, the Emperor should be the richest in the world, and the treasury should have the most silver. But unexpectedly, it is indeed different now, the silver indeed.

All fell into the hands of these wealthy merchants, and these are just the wealthy merchants in the Capital City. Lin Yi believes if this news spreads across the world and throughout the Great Oil Country, then those wealthy merchants will gather all the silver, it will be a complete number filling, enough to shock each one of them.

Of course, this is what Lin Yi is willing to see and also what Lin Yi very much wants to do. He will also utilize all these silvers,

Certainly, he won’t just leave them in this bank to gather dust. He has no obligation to help them preserve these silvers, after all, it’s profitable matters that can be done,

Even though he is the Emperor, even though the whole Great Wine Country is his, yet he also needs to get the economy fully moving, and at this time.

When everyone’s silver is stored in this bank, Lin Yi’s bank also released a piece of news, which is the loan business, meaning they can lend out silver for personal use and only charge a small amount of interest.

As for what this interest is, they soon understood it.

Certainly, upon seeing this interest rate, everyone’s heart couldn’t help but skip a beat. Of course, this wasn’t because the interest was too high, but quite the opposite, it represented that the interest was so low that it made them question their eyes.

What’s going on? Why is it that borrowing this silver only requires paying such a small amount of silver afterward?

You know, up to now there are people lending, it’s just that this lending isn’t called a loan but is a very ancient method.

As for how much the amount of the loan really is in this method, then it’s easy to understand, it’s saying you loan ten silver taels but are only given eight silver taels. Moreover, you have to repay me twelve silver taels.

This was the initial form of loans and is the most common form nowadays, though this form mostly appears in gambling houses and doesn’t circulate among the populace, because for the common people today it is difficult enough to have enough to eat, where would they have excess silver to operate with?

Moreover, even if these common folks did borrow silver, could they even repay it? You must know the common people today have entered a stage of a vicious cycle,

once silver is borrowed, their life is ruined as well, absolutely unable to repay it.

After all, you should know one thing, if he could earn silver, then he absolutely wouldn’t borrow it.

As for if they did end up borrowing, then just forget about them repaying it, this is also why nowadays many prefer to sell themselves rather than be unable to repay debts.

"May I ask what is the meaning of this loan policy? Why don’t I quite understand it? Could it be that after you give us the silver, we really only need to pay a small amount of silver coins?"

"Yes, indeed as you think, sir. If you loan ten thousand silver taels from our bank, then this silver will come with a term, meaning you plan to repay us within a year, or plan to repay within two years?

This is related to the interest, meaning the highest interest we can reach is ten thousand silver taels, and each year you need to give us one hundred silver taels.

"Are you sure about this? We really only need this little? Ten thousand silver taels, a year only need to spend one hundred silver taels?"

How can there be such a good thing? No, it’s impossible, it must be fake, who would be so foolish to do such a thing?

Not to mention anything else, just this ten thousand silver taels with its annual depreciated amount exceed that many silver coins."

Indeed, as he said, everyone on the battlefield was generating a thought of doubt, everyone looked at the clerk who spoke with shock and disbelief, as if the guy was lying.

Moreover, it’s not just one or two thinking like this, it’s safe to say everyone has this kind of thought, everyone thinks like this.

"Yes sir, indeed so, if you don’t believe, feel free to try it. We can arrange a loan business for you for free, the loan amount can be set by you, the minimum is one thousand taels, with no upper limit, as long as your credit is good, we can make an unlimited application for you."

It must be said, the quality of this group of attendants is really high, and was also specially trained by Lin Yi. Their manner of speaking and tone are very similar to those future tellers.

And the guy who started speaking was evidently not believing. Thus, he directly nodded and opened his mouth and said:

"Alright, then lend me now, I want ten thousand silver taels, to repay only ten thousand silver taels, and each month I’ll give you an extra hundred silver taels, right?"

"As you wish, sir, exactly so. Now, please give us your household registration paper. We need to make a record, only after successful registration can you have this ten thousand silver taels.

[To be continued...]