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6.5 % interest rate available on loans

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mezzo


Joined: 15/04/2011
Posts: 326

Message Posted:
08/01/2012 18:22

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Message 1 of 12 in Discussion

Any purpose loans , commercial , business , property , boats , etc ,

Securities based loans available now in TRNC

No credit Checks

No proof of income



email if interested



elko2



Joined: 24/07/2007
Posts: 4400

Message Posted:
08/01/2012 19:23

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Message 2 of 12 in Discussion

Any reliable institution should check the ability to pay back the loan rather than simply rely on the security offered. So is it a question of an electronic disdtributor turning a banker?

ismet



mezzo


Joined: 15/04/2011
Posts: 326

Message Posted:
08/01/2012 19:44

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Message 3 of 12 in Discussion

we also own a bank



only serious enquiries only pls





we have a physical branch in cyprus



Esentepe7


Joined: 19/04/2009
Posts: 34

Message Posted:
08/01/2012 20:23

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Message 4 of 12 in Discussion

Shouldn't the heading read:



Loans available at 6.5 % interest rate?



marigold


Joined: 30/09/2011
Posts: 107

Message Posted:
09/01/2012 14:42

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Message 5 of 12 in Discussion

Can I have the name of your bank please?



mezzo


Joined: 15/04/2011
Posts: 326

Message Posted:
09/01/2012 15:37

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Message 6 of 12 in Discussion

yes its



Mondial Bank ( Offshore ) Branch



Lefkosa

KKTC



pollymarples


Joined: 08/08/2010
Posts: 1778

Message Posted:
09/01/2012 19:15

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Message 7 of 12 in Discussion

I agree with Ismet, anyone who does not check your ability to repay beware...your security is at risk if you do not make the payments and the compounding effect even at 6.5% per annum is frightening. It is per annum I take it? You dont actually say.



mezzo


Joined: 15/04/2011
Posts: 326

Message Posted:
09/01/2012 20:45

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Message 8 of 12 in Discussion

Yes it is per annum ..... 6.5% which is way lower than any available financing currently in trnc

The reason we dont need to check the ability of the borrower to repay , is because its a securities based loan .

If the borrower defaults , we keep the securities .

More details can be emailed to anyone whom is interested.

This is an instrument not normally available to the public and certainly not through commercial banking.



Sideways



Joined: 21/01/2009
Posts: 529

Message Posted:
09/01/2012 23:06

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Message 9 of 12 in Discussion

Hi Mezzo,

Would it be possible for you loan me 100,000 @ 6.5% p.a.?

If that is a fixed rate for 12 months, I could then place the 100,000 into a 12 month term investment account earning 9% p.a. (8.1% after tax).

This would give me a profit of 1,600 after tax for the year !!



Pete.



mezzo


Joined: 15/04/2011
Posts: 326

Message Posted:
09/01/2012 23:11

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Message 10 of 12 in Discussion

Hi pete ,



If you require further info , pls email mezzotrading@live.com



I can send you our info pack .



What you do with the funds is up to you



TRNCvictim


Joined: 17/08/2010
Posts: 1417

Message Posted:
10/01/2012 00:03

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Message 11 of 12 in Discussion

So mezzo of Mondial Bank (off Shore Branch) Lefkosa, TRNC Airy Fairy Land, your giving away money



mezzo


Joined: 15/04/2011
Posts: 326

Message Posted:
10/01/2012 02:04

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Message 12 of 12 in Discussion

No . Its a Securities based loan , like i mentioned before .



The borrower pledges securities in return for funding .



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