How many Loans have you needed?
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This depends on what stage of the game, the country you are playing and your national ideas. As the Netherlands I took out a few large (+300 d) loans to re-build my huge trade fleets after wars that meant I lost many. This was easy on my treasury because I have national ideas that reduce interest.
The most I've taken was around 15 loans of ~500 ducats each, but I had Economics and Administrative so the interest was rather small and everything repaid in about 8 years.
As Norway I once pulled over 25 loans of 12g that nearly bankrupted me in order to keep Sweden within the Union with Demark. Ended up being a huge mistake....
I generally don't take out too many loans. Maybe just a few in emergencies.
I would be interested in hearing... For those of you that did take out 10 or more loans, was it worth it or did you end up regretting it?
I would be interested in hearing... For those of you that did take out 10 or more loans, was it worth it or did you end up regretting it?
Regret because it didn't directly help me per say. An Independent Sweden would have meant a dead Norway, but I ended up being absorbed by Demark.
I did take 10 as a colonial nation to defend myself and won. It was totally worth it and was easily able to pay them off in a few years.
So it just depends on why you're taking the loans out really.
As Byz, I have taken out upwards of 50-70 loans. Most of the high loan games ended up in loses but some I was able to wipe the OTT's and still pay them back. It takes time but it is doable. The loans were 9-12.
79 loans as Malacca to take Aceh and fight of the Thais. Totally worth it. Now it is 1650 and I have the second highest income in the world without expanding beyond Malay and without westernizing.
I've been as high as 40 Loans with Sweden to finance the War of Independence. Otherwise I almost never use loans.......I still sorta play like its EU3 and loans are bad.
They can be worth it early game when you're up against it and need to wage everything on one result. Back in 1.1 / 1.2 I remember playing Byzantium whilst the "block the straights" tactic still worked and having to take out huge amounts of loans to fund all the galleys, but if you didn't take those loans you'd simply die.
If I can get the ball rolling without loans I never take them though. I tend to play with enough of a cash buffer and am quite conservative with my finances, so I don't find myself suddenly short of money during a war for example.
If I can get the ball rolling without loans I never take them though. I tend to play with enough of a cash buffer and am quite conservative with my finances, so I don't find myself suddenly short of money during a war for example.
as long as you have the capacity to repay the loan taking a loan is almost always worth it
heck, ive taken loans to pay off aggressors or conflicts where I attacked but it was a huge mistake and I dont feel like giving up land
Loans need to be nerfed, they are too advantageous currently. After they took inflation reduction out of economic ideas and made it available for everyone (and just for 75 AMP) inflation stopped being a problem. I take loans pretty often without any problems. Only once I screwed up as England - civil wars, defending Calais (too sentimental to give it up), reformation and then I colonized everything left and right to compete with Castile. Anyway I ended just 2 loans away form bankrupcy with such high total interest, that I wasn't able to expand and so I deliberately took those 2 loans and went bankrupt. Of course France DOWed me and my huge navy was useless with postbankrupcy morale.
My max was 18, funding an aggressive expansion as Sioux. Most of my games I never take even a single loan.
As the Knghts relocating to Africa, I got into a war with Mali. I won, but I became bankrupt, and it took almost forever to recover.
I only build level 5 and 6 of admin in my provinces, and I only build admin buildings if the base income per year in the province is over 5. I get usually as many loans as possible to build level 4 army buildings and 4, 5, and 6 of admin. I do not build usually market buildings.
I do always get another one if my final monthly income is 0, if I would put my army in a 100% maintenance, and I have militar or admin points available to construct a new building.
I quit building infrastuctures when the neighbour bonus is -10% in admin, and -5% in militar.
But when the third idea is available I get the administrative ideas, so I wait a little repying some loans.
I do not get loans before if possible, and I always try to change the amount of the loan -get a new loan, with a higher amount, to substitute the former one-.
The normal amount of loans in a normal game is like 40 or 50.
I do always get another one if my final monthly income is 0, if I would put my army in a 100% maintenance, and I have militar or admin points available to construct a new building.
I quit building infrastuctures when the neighbour bonus is -10% in admin, and -5% in militar.
But when the third idea is available I get the administrative ideas, so I wait a little repying some loans.
I do not get loans before if possible, and I always try to change the amount of the loan -get a new loan, with a higher amount, to substitute the former one-.
The normal amount of loans in a normal game is like 40 or 50.
about 76 loans 1.07k each as ireland. I wanted to colonize every last province and needed to colonize everything at the same time. I think I had about 18 unfinished colonies at the worst moment. It was near the end of the game and because I had loads of money from trade I didn't care about it because fighting colonial wars would become easier (I wanted all the colonies in Africa, oceania, Indonesia and the new world). Although I should've cared more because I got finiancial ruin (-3 stab and +5 inflation) twice.
Here's a pic:
Here's a pic:
The most that I've had to take so far was in my Scotland game. At one point I had 32 simultaneous loans (not as many as the above post, but even so...) as I struggled to repeatedly beat down the English. Somehow the English were still able to field larger and technologically superior armies to me even when I'd reduced them to 6 or 7 provinces, so I had to keep going into crippling debt for a period of about 80 years just to stay on top. At the end of it all I'd probably taken out about 70 or 80 loans in total, but it was worth it in the end. Now Scotland is rich and unthreatened!