Bespoke Lending - part of the relationship
Not only can Close Wealth Management Group offer you a full range of International Private Banking services, we can also offer you a broader range of complementary Wealth Management services. As a client, you would therefore also be eligible to take advantage of our bespoke Lending facilities.
We can offer you a wide range of lending and credit solutions, customized to your individual needs.
These include:
- Overdrafts
- Loans
- Forward Foreign Exchange
- Bank Guarantees
Overdrafts
A short-term solution for clients with cash requirements in excess of their available resources.
Loans
Suitable for a one-off purchase of a new asset (e.g. a car, equipment, investment). The interest rate and other costs are negotiated at the outset. The loan repayment period and the repayments can be tailored to your requirements. This could mean regular payments to include interest and capital or a single payment at the end of the period.
Forward Foreign Exchange
If you have a future financial commitment in a foreign currency, you can mitigate the risk associated with fluctuating exchange rates by securing a rate today. This rate will then allow you to plan your finances accordingly.
Bank Guarantees
Close provides a guarantee to a creditor that they will pay, the creditor, if his customer fails to do so. This reassures both parties as payment is guaranteed once the seller meets his obligations.
Security
The low-risk nature of our business is what makes Close Wealth Management Group one of the safest banks in the world. In keeping with this policy, we generally only lend on a secured basis which means that the value of your loan is backed by an asset that exists in your name.
Acceptable Security
- Cash
- High Quality Stock, Bonds and Collective Investments
- Single Premium Life Insurance Policies
- Bank Guarantees
- UK, Isle of Man and Channel Islands Real Estate (property not owner occupied)
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