loans

  1. Hanno Labuschagne

    Eskom getting R19-billion unbundling loan from World Bank

    Eskom getting R19-billion unbundling loan from World Bank The World Bank said it will support South Africa’s transition to using cleaner forms of energy with a $1 billion (R19.19 billion) loan. The funding will help facilitate “restructuring of the power sector” through the unbundling of...
  3. N

    Are kickbacks on loans legal?

    Hey everyone, Im curious, when applying for vehicle finance through a company like WeBuyCars, is getting a kickback on the loan legal? I'm in the process of purchasing a car, all my loan applications were "rejected" except for WesBank, who offered me 15.x% interest. They were veeeery keen to...
  4. A

    Old Mutual Credit Bureau History

    An Old Mutual consultant gave me a call and offered me a loan. I thought ok, lets see what is on offer. They went through my current accounts and came up with 3 old loan / CC accounts that have been settled and closed many years ago. It shows I am still paying installments on these currently...
  5. MJG

    Accepting two business loans??

    Hello I have a question about a situation that may arise in the future. I have applied for a business loan from a couple institutions so as not to put all my eggs into one basket What happens if if two of them agree to loan me the funds. One requires security in the form of a property and the...
  6. T

    Credit Record Help

    Good Morning I would like to find out if an MTN contract will count towards your credit record and how long it will take for you to get a score if you have no credit history at all? Also does anyone have any tips on how one can build their credit rating. Lastly, is there anywhere one...
  7. H

    Bridging finance for tenders Government Orders

    Hi I recently applied for a relatively big tender at least for me and I am quite optimistic that I will win the bid, now my problem will be the financing of the working capital I would need at least 800k to execute the project, my question here is are there any companies / government...
  8. S

    Negotiating interest rates with banks

    Hi Everyone, Has anyone had luck trying to negotiate interest rates with banks in South Africa. I have had a loan with a bank now for 3 years and I want a better interest rate. In the good old days one could go and sit with a bank manager and negotiate. Is there any way of negotiating these...
  9. J

    Low Credit Scoring

    I am looking to purchase a car next year but after I made an inquiry I was told that my credit scoring is in the negatives. I am only 24, have never had an account. When I tried opening a clothing account I was again told about my scoring. Apparently FNB temporary loans (3 of R400) and...
  10. N

    Using your bond instead of a personal loan

    Hey guys I am in the process of buying a new car, and of course the dealer wants my trade-in for next to nothing. So I want to come up with a bigger deposit - less interest on the car (12.5% fixed 60month) - I know it can be done, its just FNB Rosebank has a habit of telling me nothing is...
  11. LazyLion

    South Africa Approves $100 Million Loan to Zimbabwe

    http://www.timeslive.co.za/africa/2013/04/15/south-africa-approves-100-million-zimbabwe-loan-biti
  12. J

    Amazon Lending introduces loans to online sellers

    Amazon offers loans to online sellers Amazon Lending will introduce a loan plan to assist online sellers with capital
  13. C

    Does R50 Billion in loans really mean South African's moving forward???

    Is standard bank misleading the public? I mean sure, it does mean people buying houses, paying for tuition or on the downside it could mean people making lousy debts like the middle-class 40 year old who decided to finance his expensive super-car to accomodate his midlife crisis.... I don't...
  14. S

    I'm so sick of people lying!

    I loan some money to a friend that was retrenched from her job in December so that she could get through the month and not default on any of her debits. A substantial amount at that, I think. I loan this money in good faith, because of it being a very good friend. In February a payment was...
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