The Central Bank of Ireland (‘Central Bank’) ON, 27 August 2021, published the name of an unauthorised firm, Navan Loans (Ireland) – https://www.navanloans.com/ – in order to warn the public that it is not authorised by the Central Bank to provide financial services.

Navan Loans is advertising loans on its website but it holds no authorisation from the Central Bank as a retail credit firm.

It is a criminal offence for an unauthorised firm / person to provide financial services in Ireland that would require an authorisation under the relevant legislation, which the Central Bank is the responsible body for enforcing.

 

 

Consumers should check the Central Bank registers online to find out if a firm/person they are dealing with is authorised. Consumers should be wary of
advertisements offering loans from unauthorised firms or persons.

There are some general steps that individuals should take before dealing with firms/persons which purport to offer financial services:

 If you are buying a financial product such as a loan, insurance, investment or pension, or
engaging a financial service such as investment advice, only deal with a Central Bank
authorised firm/person – check our Register to see if the firm/person is registered.
Always access the Register from our website, rather than through links in emails or on a
firm’s / person’s website.
 Always double-check the URL and contact details of a firm/person in case it is a ‘clone
firm/person’ pretending to be an authorised firm/person, such as your bank or a
genuine investment firm.
 Check the list of unauthorised firms. If the firm/person is not on our list, do not assume
it is legitimate – it may not have been reported to the Central Bank yet.