How the interest rate affects my personal loan repayments

Interest rates

Interest is the monthly charge the bank or financial institution charges you for providing you with a lump sum of money upfront. They also charge other fees such as an initiation fee and monthly service fees but, apart from the capital (the amount of money they lent you) the interest will be the biggest cost […]

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10 Myths About Personal Loans

As with many financial topics, there are numerous myths surrounding personal loans. Many people hear these myths or untruths and make poor decisions based on something that is not fact. Many myths have been around for so long, a lot of people insist they are fact. In order to assist you in making an informed […]

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Using a personal loan to make money

Taking out a personal loan, in the hopes of making money, is seriously risky business. If you are such a savvy investor that you are sure you will make a good profit, then you should have built up a sizable investment fund by now, in which case, you would not need a personal loan. If […]

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10 Ways to pay your personal loan quicker

Interest, or more specifically compound interest, is one of the most powerful forces on earth. The sad thing is, very few people understand this and many of those that do understand it, fail to take advantage of it.

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5 Factors That Could Save You A Fortune Before You Take Out A Loan

Knowing the difference between a short-term loan and an unsecured loan can mean the difference between paying interest of 60 percent or interest of 31 percent a year.

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REVEALED: Discover what Lenders are looking for when you apply for Credit

Having a good credit record is a huge benefit to have, especially if you are planning on applying for credit for a big purchase like a house, car or even a personal loan. Lenders will review your credit score and get a copy of your credit report. So how can you improve your chances of […]

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10 easy steps to save money

Saving money is the genesis of a successful financial future. Saving will help you attain all your future financial aspirations. Whether it is securing your retirement, buying your home, securing your children’s education or simply attaining your personal goals such as buying a car or a gift for a friend, saving is the surest pathway. […]

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Things To Be Aware Of If You Cannot Make Your Personal Loan Payment On Time

When signing up and agreeing to the terms and conditions of a personal loan then you have to accept the responsibilities of paying the amount back and in full on the agreed amount of terms and conditions as stated in your contract. In the beginning time of the loan it might seem easy to follow […]

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Things You Should Know When Applying for A Personal Loan With Bad Credit

We have seen in South Africa that sometimes it doesn’t matter how many jobs you have, some of us just can’t meet ends need. That is why South African consumers option for a personal loan, to help them with immediate financial support. Not all of us are as lucky as other ones; if you have […]

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How To Make The Best Out Of Your Personal Loan

managing personal loans

You should know that it might not be the best idea to obtain a personal loan just because you qualify for one. By obtaining a personal loan can give you some sort of financial freedom, you should know that this will only be a temporary solution to your financial problems. In this article will I […]

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