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Federal Capital

  • 15-02-2016 9:53am
    #1
    Buttercake
    Registered Users, Registered Users 2 Posts: 539 ✭✭✭


    Anyone used these? - http://www.federalcapital.ie/

    All over google offering unsecured loans to Limited companies only up to 30k over 12-months

    Rang them for an estimate, that day I was approved and was told 5k would cost €6744 - with personal guarantees from both directors :pac:

    Told them good luck


Comments

  • #2
    syntheticjunk
    Closed Accounts Posts: 106 ✭✭syntheticjunk


    6. How much does a loan cost?

    3 month loan interest from 4.97% per month
    6 month loan interest from 3.32% per month
    12 month loan interest from 2.49% per month


  • #3
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    Buttercake wrote: »
    Anyone used these? - http://www.federalcapital.ie/

    All over google offering unsecured loans to Limited companies only up to 30k over 12-months

    Rang them for an estimate, that day I was approved and was told 5k would cost €6744 - with personal guarantees from both directors :pac:

    Told them good luck

    Gangsters probably


  • #4
    pedroeibar1
    Closed Accounts Posts: 5,108 ✭✭✭pedroeibar1


    Buttercake wrote: »
    Anyone used these? - http://www.federalcapital.ie/

    All over google offering unsecured loans to Limited companies only up to 30k over 12-months

    Rang them for an estimate, that day I was approved and was told 5k would cost €6744 - with personal guarantees from both directors :pac:

    Told them good luck

    I would hope not! They are not regulated by the CBI so they are a moneylending operation, with the usual usurious rates - the quoted 4.97% per month is an APR of almost 100%.


  • #5
    jamesbondings
    Registered Users, Registered Users 2 Posts: 2,201 ✭✭✭jamesbondings


    pedroeibar1 wrote: »
    I would hope not! They are not regulated by the CBI so they are a moneylending operation, with the usual usurious rates - the quoted 4.97% per month is an APR of almost 100%.

    But they are sneaky about it! They have on the website "unregulated by the central bank of Ireland" as if they were....


  • #6
    OttoPilot
    Registered Users, Registered Users 2 Posts: 540 ✭✭✭OttoPilot


    jamesbondings wrote: »
    But they are sneaky about it! They have on the website "unregulated by the central bank of Ireland" as if they were....

    Kind of admire their audacity


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