My credit score is good – so why was my loan application rejected?
Your credit score may look good, but that doesn't mean your loan application will be approved. You have managed to maintain a good credit score; your account payments...
Should you take out a loan for your partner?
Taking out a loan on your partner's behalf is adorable, but before you sign on the dotted lines, make sure you know what you are getting yourself into....
Loan scams: How to protect yourself from loan scams
The current economic situation we’re experiencing in South Africa has created a strong appetite for credit. Often consumers need to borrow money out of desperation just to help...
This is how interest rates affect your loan repayments
On 27 March, the South African Reserve Bank (SARB) cut interest rates by 25 basis points. Of course, this was a welcome change to South Africans, who are...
Collateral – the main difference between a secured and unsecured loan
Deciding on the type of loan to take normally depends on the circumstances. For instance, when buying a house, one may be spurred to take a secured loan,...
Personal loans not available to new employees
Employment is one of the significant factors when applying for a personal loan. After all, no creditor will lend you money until sure that you have some form...
Wrong reasons to take out a personal loan
Taking out a personal loan is a huge, long-term commitment. You shouldn’t make this decision on a whim or take the consequences lightly. “With the current economic conditions,...
The consequences of defaulting on your loan
A personal loan may be exactly what you need. But before you jump into the deep end, you should understand the consequences of belly-flopping on the surface and...
Can i take out a personal loan if i am a foreigner?
According to Standard Bank the short answer is yes. “Banking needs are similar for everyone irrespective of where you live and or study throughout the world,” states Standard...
Getting your personal loan approved
Personal loans are the most popular type of loans because of their versatility, as well as the most despised loans because of their high interest rates. If you...