You can now get a personal loan in Germany for €1000 and only have to pay back €995...
Milk Price Tracker
- Thread starter rc mx110
- Start date
To anyone looking to borrow, is 0.1% BR an issue? Negative BR might happen, but its written in the small print that banks won't track it below 0%. So its kinda pointless.
*check the small print
Ask for a million then. Feck it, 100 million.
*check the small print
I know crazy. The B of E currently has negative rates on review, and one of the things they would do is change the terms and conditions to allow negative rates.to be passed onto borrowers.
lazy farmer
Member
- Location
- som/dor border
Central banks have done all they can.they have bought bonds bought gilts and printed money it’s now up to governments to spend spend. Spend.
More to life
Member
- Location
- Somerset
I believe the computer systems in some of the major banks won’t do negative rates, no one thought it necessary.
- Location
- M6 Hard shoulder
Currently got a proposal from our bank to add an extra bot and associated infastructure. Fixed a portion for 5yrs @1.8% ,10yrs @2.1%. negative rates won't make any difference to actual repayment rates
You don’t bank with HSBC!
I’m paying more than that for variable rate, even showing any years of strong accounts. I’m trying another money shop atm.
That's only finance for a robot though, might be different if it was a mortgage.
midlandslad
Member
- Location
- Midlands
Is that on a finance agreement?
midlandslad
Member
- Location
- Midlands
I hear that HSBC are quite expensive at the moment. What rates have they offered you?
- Location
- M6 Hard shoulder
Afraid so
- Location
- M6 Hard shoulder
unsecured loan from bank. not a lot different for a land purchase but obviously security would be required.
Well done you then! Rate on my latest loan is twice yours and variable!
- Location
- M6 Hard shoulder
Cant like that
My thoughts exactly!
Bossfarmer
Member
- Location
- between Perth and Inverness
what hoops and how many ppl do these hoops cost to go through?
Farmer Keith
Member
- Location
- North Cumbria
Would you borrow money for a depreciating bit of kit like a robot? Land I can understand but surely by the time a bots payed for it’ll be worthless?
Bossfarmer
Member
- Location
- between Perth and Inverness
im curious, if supermarkets are as bad as farmers make out then why are they paying their aligned guys 32ppl the last 7 years? these guys are always building sheds/buying ground now, cant hide the money!