How does 16% per annum paid monthly in arrears for five years sound?
No, that is not a mistake. The interest rate is 16% per annum on a five-year term.
You can also look at shorter terms if you like and the interest rate will vary accordingly.
One year is 11%. Two years 11.5%. Three years the rate is 12% to 14.5% depending on the amount invested. Four years the rate is 13% to 15.25% depending on the amount invested.
Investors Central raises money through preference shares to provide finance to a company call Finance One.
Finance One is a company which specializes in automotive lending to individuals with poor credit histories, who can demonstrate that they are able to service loan repayments without suffering financial hardship. Their average loan amount is $19,000 and all loans are secured by the motor vehicle.
This is an unlisted investment as such it lacks liquidity. Your money is invested for the term you have agreed to with withdrawals at the discretion of Investor Central.
The company is local to Townsville and audited every six months to ensure it is complying with all statutory requirements.
Investors have the opportunity to attend a quarterly lunch to be updated on the performance of the company and to review the financial statements.
Finance One is growing rapidly and aims to take on the major players in the sector in the coming years. They have focused on making sure that they minimize the risk of the business by matching cash flows, keeping bad debt levels low and maintaining low levels of gearing.
The business is run locally and the owners have to date reinvested all profits back into the company.
The Managing Director is happy to make himself available to investors and potential investors. In fact he prefers to meet and speak with all new investors prior to them making any investment.
But this type of investment is not without risk. Therefore, before any investment is made you should seek independent professional advice to make sure it is suitable for you.
For more information about Investors Central – Preference Shares please contact us on 07 4771 4577.