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Channel: Personal finance Archives - Loanspot.io South Africa
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Everything you need to know about bridging loans. 

If you need to borrow money for a little time, a bridging loan (sometimes known as a “bridge loan”) may be helpful. If you want to buy a new house before selling your old one, it can assist to...

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5 good reasons to borrow money

Almost everyone needs to borrow money at least once – and probably much more – in their lives. So long as the monthly repayment is affordable and fits into a carefully considered budget, this is often...

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How to remove non-performing loans records

If you’re in the business of lending money, then non-performing loans are going to be something you have to worry about. What are they? How do you protect yourself from them? Here’s everything you...

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Standard Bank Personal Loans: A Guide to Your Financial Goals

Standard Bank offers a wide range of personal loan options to help you achieve your financial goals. Whether you’re looking to consolidate debt, make home improvements, or finance a big purchase,...

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Minimum credit score for a home loan in South Africa explained

To get a home loan, you must meet the minimum credit score. Fortunately, if you have a good credit score, you will have a better chance of getting a home loan approval. The home you always want to...

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Debt Consolidation loans explained

Getting a loan is a sure means of getting out of financial difficulties. But it comes with responsibilities and maximum carefulness. Repaying your loan is a tremendous responsibility you must pay...

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How to identify loan scams and fraudsters in South Africa

In 2019, consumers lost up to $1.9 billion collectively to fraudulent practices. Most times, unsuspecting consumers are lured into attractive loan options which often tends to be false. These...

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What is a credit score and how does it work: All you need to know

Credit bureaus design credit scores to help lenders easily decide borrowers who can repay loans. Lenders or financial institutions always want to know the risk to expect in borrowing you money....

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5 things to consider before taking a loan

Are you out of cash? Or perhaps you need a little extra money for your fairy-tale wedding or you’re planning to take a vacation trip? A personal loan could be the exact financial solution you need to...

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Prime Lending Rate in South Africa – Everything you should know

The Prime rate is one of the key indicators of every financial institution. It is one of the major bases of evaluation when customers are making a choice of institution. In a simple sense, the Prime...

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