Monthly Archives: May 2021

This is the main reason why payday loans are so dangerous

Image source: Getty Images Payday loans are expensive and come with very high fees that need to be repaid in a short period of time. In fact, you could end up paying an effective APR of over 400% if you take out a payday loan. Despite this drawback, many people …

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Lesotho: Standard Bank launches instant loans for SMEs

In another groundbreaking development, Standard Lesotho Bank (SLB) this week introduced Instant Loans for Small, Medium and Micro Enterprises (SMMEs). The facility, which is part of the bank’s digital lending offering, is a value-added service that enables business clients, especially SMEs, to access “quick and hassle-free instant loans without queues.” …

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The Best Ways to Determine the Face Value of Fixed Rate Loans

Steve Williams,General manager, CF software solutions Fixed rate loans are sold every day, but when a loan is sold on an unscheduled payment date, the methods used to determine its book or face value can vary significantly. This is not a question of pricing but a question of allocating the …

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