Chapter 264

Chapter 264: Trending No.1! Is Immortal Cultivation Loan a Trap? (Part 2)

The path of cultivation was difficult.

No one knew when an accident might happen.

Even the most powerful and wealthy cultivators couldn’t guarantee that they’ll never fall into hardship.

The appearance of the Immortal Cultivation Loan undoubtedly added a layer of insurance for them.

If they ever needed it, at least they could borrow spirit stones for emergencies.

The Immortal Cultivation Loan was incredibly important to cultivators.

Even if they don’t need it now, they might need it in the future.

At a critical moment, it might even save their life.

So.

Many cultivators began trying to increase their loan limits.

They chose to deposit more spirit stones into the Immortal Net Cloud Flash Pay.

Cultivators who were originally using cash on delivery.

Finally began to try online payments.

After all, using Immortal Net Cloud Flash Pay more often can increase the Cultivation Loan limit.

No one could refuse an increased loan limit from the Cultivation Loan.

—

In the Great Mystery Sacred Land, the elders of the Sacred Land were amazed by the new features of the Heavenly Origin Little Spirit Communicator.

“I can also borrow spirit stones, and the limit is so high?”

“I can actually borrow 100,000 high-grade spirit stones from the Cultivation Loan, and if I complete some advanced credit enhancement certification, I can increase the limit even further.”

“All the elders can take out loans, so why can’t I? Is the Heavenly Origin Saint Master targeting me?”

“I have no idea how the Cultivation Loan limit is determined. But the wealth of Heavenly Origin Sacred Land is unbelievable. Combined, we elders can borrow nearly 2 million high-grade spirit stones.”

“And this is just our Sacred Land. There’s also Pure Serenity Sacred Land, Jade Pond Sacred Land, and I’ve even heard that most cultivators have a loan limit, and it’s not small. What kind of total loan limit are we talking about?”

“Is Heavenly Origin Sacred Land really that wealthy now?”

The elders were all stunned as they spoke.

And on the sacred throne, the Great Mystery Saint Master squinted his eyes.

Listening to the elders, the Great Mystery Saint Master shook his head decisively. “Impossible!

“Although the Heavenly Origin Little Spirit Communicator and various applications make money, they cannot generate this much profit.

“Heavenly Origin Sacred Land is not using their own spirit stones for these Cultivation Loans.

“They are using the spirit stones deposited by all cultivators into the Heavenly Origin Cloud Flash Pay.

“Just like the lottery prizes, which are actually funded by the spirit stones cultivators spend on lottery tickets.

“The spirit stones that cultivators can borrow through the Cultivation Loan are actually other cultivators’ deposits.

“Heavenly Origin Sacred Land attracts cultivators to deposit spirit stones with a tiny interest rate of one ten-thousandth.

“Then they lend it out with an interest rate of one-thousandth.

“Although the interest rate isn’t high, Heavenly Origin Sacred Land doesn’t have to do anything and can still earn a significant interest margin, essentially getting something for nothing.”

The Great Mystery Saint Master’s words made the elders realize with a start.

Indeed.

Even if they lend money to all the cultivators in Great Yan Province, no matter how much money Heavenly Origin Sacred Land made, they couldn’t possibly have this much wealth.

But if they’re using the deposits from Immortal Net Cloud Flash Pay, then it all made sense.

Everyone was amazed.

The lottery’s scheme of getting something for nothing was already an eye-opener for them.

Now there’s this Cultivation Loan.

It’s simply a stroke of genius.

“Why didn’t we think of that?”

“The Heavenly Origin Saint Master is a genius, no wonder he’s making money hand over fist.”

The Sword Forging Elder couldn’t help but exclaim in admiration.

The elders all nodded.

One of them added, “Although it’s using the deposits from Immortal Net Cloud Flash Pay.

“This Cultivation Loan is indeed a great thing for cultivators, with no downsides.

“Especially with that super long installment repayment plan, even I am tempted.

“I’ve had my eye on a magical item crafted by Pure Serenity Sacred Land for a long time but couldn’t bring myself to buy it.

“I just used the Cultivation Loan to split it into 1,200 installments and bought it right away.

“When you break it down, I only need to pay 50 high-grade spirit stones per installment, and I can finally use the magical item I’ve been longing for. It’s perfect.

“Countless cultivators can use this Cultivation Loan to enhance their strength in advance and pay it back slowly.

“The strength of all cultivators in Great Yan Province will increase significantly thanks to this Cultivation Loan!”

This elder’s words were met with unanimous approval.

But the Great Mystery Saint Master snorted coldly.

“Long-term installment repayment plans may seem like a good deal.

“But you need to understand that the longer you take to repay, the more interest you have to pay.

“An interest rate of one-thousandth might seem low, but in just 2,000 days, the interest will equal the principal.

“And 2,000 days is only six years.

“If you set the repayment period to 60 years, each installment may seem small, but by the end of 60 years, you’ll have paid ten times the original principal in interest.

“If you borrow 100 high-grade spirit stones.

“After 60 years, you’ll end up paying back 1,100.

“And if you borrow 10,000 high-grade spirit stones.

“In 60 years, you’ll have to pay back 110,000 high-grade spirit stones.

“In this situation, do you still think you’re getting a good deal?

“Ye Chen’s long-term loans are nothing but a trap!”

After the Great Mystery Saint Master finished speaking.

Some elders’ eyes widened.

They hadn’t realized that even a seemingly small interest rate of one-thousandth could accumulate to such an extent over time.

In just a few decades, they’d end up paying several times, even ten times the original principal in interest.

This was truly unexpected.