First apologies if this is in the wrong section, so I need €300,000 to build a new house,
I am 25% shareholder in a family business which would have cash which it could lend me.
Basicslly my question Is there a minimum amount of interest that the company needs to charge me? I believe charging zero interest isn’t an option..
I was thinking .25% over a 20 year term which would save me money on a mortgage but also be more than the company would earn if the money was in a deposit account.
I am 25% shareholder in a family business which would have cash which it could lend me.
Basicslly my question Is there a minimum amount of interest that the company needs to charge me? I believe charging zero interest isn’t an option..
I was thinking .25% over a 20 year term which would save me money on a mortgage but also be more than the company would earn if the money was in a deposit account.