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. The Interest Rate will be re-calculated to reflect the actual (consumed) term and Interest Rate level applicable to the length of time during which the Loan Note subscription was in effect. e.g. if you subscribe to a 12 month term Loan Note and decide that you need full repayment of the principal after 6 months, then the Interest Rate will be recalculated based on the nearest lower term (6 months). This also applies to Loan Notes taken as a special offer rate.
What is the maximum amount I can subscribe for?
The maximum Loan Note subscription amount per client for a 1 Year 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.