How do I get my interests payments?
On the day of receipt of your Loan Note money, an automated bank transfer by standing order is set up based on the Loan Note interests payments schedule agreed - Interest is paid monthly. This means that you receive the agreed interest on your Loan Note on a timely basis. All payments are made to the same account from which the money was initially received.
When do I get back the Principal?
The initial Loan Note subscription amount (the Principal) is repaid within 7 days following the end of the agreed Loan Note term.
Can I subscribe to multiple Loan Notes?
Unfortunately, at the moment, only one Loan Note is available per client. This is to ensure that each Loan Note is completed and honoured in full prior to entering into an additional Loan Note agreement. Should you wish to do so, you can enter into a new agreement at the end of your current Loan Note agreement, either for the same amount, a lesser amount or a higher amount.
What if I need access to my initial Loan Note subscription earlier?
That is not a problem and Tulipe Ltd understands that a client's circumstances may change from time to time. The original Loan Note Principal will be repaid within 7 days of the repayment being requested.
What is the maximum amount I can subscribe for?
The maximum Loan Note subscription amount per client for a 3 months Loan Note is currently set at £50,000, an amount that Tulipe Ltd can comfortably cover from reserves, without affecting current investments and/or obligations.
Tulipe Ltd’s Loan Notes operate on a very strict and transparent business model with a focus on 4 key elements:
The business proposition is a fixed agreed interest rate offered by the borrower (Tulipe Ltd) to service an Unsecured Loan Note, paid to the lender (the Client) according to an agreed schedule (weekly or monthly) over an agreed term.
Our 3 Month Loan Note is available for any amount from £10,000 to £50,000.
Interest on principal is paid by bank transfer / standing order on a weekly schedule, with the principal Loan Note amount repaid at the end of the term (98 days from the date the Loan Note started).
ILLUSTRATION: £50,000 Loan Note
Term: 3 months Interest rate: 30% Interest paid: £3,750
Interest payments: 13 weekly payments of £288.46
Principal repayment: 98 days from the start of the Loan Note subscription receipt.