Revolut loan offer APR nearly double what’s advertised

[asurfpro]

@turtlejoy Didn't know about the tracker. Saw no obvious mention of that in the quote process

 

[resjudicata]

@sicky12 The advertised rate is the possible they might offer, not THE rate they will offer you.

 

[resjudicata]

@sicky12 It's all lies just to draw people in.

 

[sicky12]

@resjudicata Seems that way tbh.

 

[hubbjack]

@sicky12 After a few free years for people Revolut have to start making money and this is how , shareholders in Lithuania have to start making money

 

[resjudicata]

@hubbjack Shareholders in Lithuania, wat?

 

[hubbjack]

@resjudicata They are a Lithuanian company !

 

[resjudicata]

@hubbjack No they aren’t. They just have their banking license from there. They are a UK company. And they aren’t publicly traded.

 

[southernyankee]

@sicky12 Jesus dont take a loan ftom Revolut..they're not a proper bank they can and will change the T&A of your contract.
Personally i dont trust them one bit and i will never do business through them

 

[xiconexertoroyah]

@southernyankee They are regulated by the central bank and do have a banking licence

 

[inlovewiththetrinity]

@southernyankee don't spread paranoia

 

[southernyankee]

@inlovewiththetrinity Its called caution...i had an account with them and as i said i dont trust them and they pissed me off a couple of times.

 

[dece870717]

@southernyankee It's illegal to change the terms and conditions of a signed agreed loan contract without the signed consent of the debtor.

 

[cameronb67]

@southernyankee Opposed to traditional Irish banks, known for their great customer care and reliability. Sure they even give free money out of atms they live customers so much.

 

[dod2017]

@sicky12 They don’t show the real APR when you’re in the calculator but at the bottom it states that the APR is variable based on your circumstances and can range from 5.9-13.1%.

 

[rel]

@dod2017 The gave me 16 APR for 40k loan for 2 years

 

[dod2017]

@rel That’s literally a scam

 

[oloriadejoke]

@sicky12 Also if you pay back loans early, you will get hit with high interest rates