UK to review loan insurance compensation

2015-01-30 12:45

Britain's markets watchdog will collect evidence on whether consumers mis-sold loan insurance are being compensated properly.

China Dec bank lending below forecasts

2015-01-15 11:15

Chinese banks have extended $112.55bn in new loans in December, well below market expectations, despite instructions to lend more in the last months of 2014.

UK caps interest on payday loans

2014-11-11 16:15

Interest charged on loans offered by payday lenders will be capped, to cut the cost of short-term loans, criticised for causing misery among borrowers.

Access bond best way to save

2014-10-01 10:51

A smart way to invest surplus money is to deposit it into your home loan as you are saving at the bond rate without paying tax on the interest saved.

Microlenders want to hike rates

2014-09-01 20:22

The government should not make it more difficult to collect debt, and the credit industry should get higher maximum interest rates and fees, a report says.

Wonga to pay £2.6m for fake legal letters

2014-06-25 12:39

Britain's biggest payday lender Wonga will pay £2.6m in compensation to 45 000 clients after sending them threatening letters from non-existent law firms.

Appetite for debt growing stronger – expert

2014-04-22 14:03

Despite many consumers teetering on the edge of insolvency, South Africans' debt hunger has grown even stronger, says an expert.

Thousands of students overcharged on loans

2013-11-04 17:08

Less than a third of the students owed money by the National Student Financial Aid Scheme have so far been refunded, says Higher Education Minister Blade Nzimande.


Can you afford a home loan?

2013-10-28 09:12

Steven Barker, who is head of home loans at Standard Bank, discusses the factors determining affordability on a home loan.

0 comments1054 Views

King, Player settle R33m loan dispute

2013-09-05 16:01

Tax rebel Dave King and golf icon Gary Player have settled their legal dispute, but all is not over and done yet.


UK insurance mis-selling complaints drop

2015-01-27 11:32

The number of complaints received by Britain's Financial Ombudsman about the mis-selling of loan insurance by banks has fallen.

Mounting bad loans hamper Zim banks

2014-12-29 11:17

Credit risk continues to be the biggest drawback for Zimbabwean banks as non performing loans reached 20.45% for the nine months to September.

UK watchdog to cap interest on payday loans

2014-11-11 12:05

From January the interest charged on loans by payday lenders in Britain will be capped at 0.8% a day to cut the cost of short-term loans.

Beware of 'sharks in suits' - minister

2014-09-11 13:03

Sharks in suits are preying on social grant beneficiaries and looting their bank accounts, warns Social Development Minister Bathabile Dlamini.

Stated income loans make comeback

2014-08-14 12:30

Mortgage applicants who can't provide tax returns or pay stubs to show their income are getting stated income loans again.

Pitfalls of personal loans explained

2014-05-18 14:19

Many consumers do not take out personal loans to live beyond their means, but they are using credit to pay for basic living costs, says an expert.

Bank targets Capitec customers

2013-12-02 16:57

Barclays Africa Group, previously called Absa, plans to spend R1.2bn to win back "hundreds of thousands of customers" lost to Capitec Bank.


Defaulting on a home loan

2013-10-28 09:12

Nedbank risk analyst for secured lending, Amos Kahn, looks at the options a Nedbank home owner has when faced with mounting debt.

0 comments634 Views

Empowerment fund writes off millions in loans

2013-09-27 09:01

The National Empowerment Fund has written off R290m worth of non-performing loans last year, over double more than the previous year,a report shows.

Wonga profit up as demand for loans surges

2013-09-03 15:07

Short-term loan provider Wonga has reported a 36% rise in 2012 profit, benefiting from a surge in applications by cash-strapped Britons.

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