The popularity of buy-now-pay-later (BNPL) apps is growing rapidly, as are defaults and delinquencies. The slump in job markets and wage growth, alongside the high cost of borrowing due to elevated inflation, have already strained household budgets. Easier access to credit and flexible repayment options also lure younger generations to tap into loans even when … Read more
Fixed Interest Rate Regime for Home Loans Vs Floating Regime. Given the current inflationary pressures and the prolonged period without rate cuts, a rate cut is anticipated by the end of the year. Therefore, opting for a floating rate at this time could be more advantageous. I have a home loan of Rs 50 lakh … Read more
SINGAPORE: Interest rates in the United States could stay unchanged because inflation has not improved enough. US Federal Reserve chairman Jerome Powell said it would likely take longer than previously expected to gain the “greater confidence” needed to start cutting rates. Singapore’s interest rates are determined by global rates and foreign exchange market expectations. That means … Read more
Former Bafana Bafana captain Aaron “Mbazo” Mokoena is allegedly in hot water over an unpaid debt. Sunday World reports that the Cape Town City assistant coach has been dodging to pay back a 2021 loan he received from an acquaintance. ALSO READ: Sona 2024: Minister sings her son Grant Kekana’s praises after Bafana match EX-BAFANA … Read more
Businessman Andile Ramaphosa, who is South African president Cyril Ramaphosa’s son, is reportedly going through financial struggles which will see him losing his multi-million-rand property. According to Sunday World, Ramaphosa Jr’s Edenburg mansion in Sandton, Johannesburg, will go on auction after he failed to pay R1.8 million of the loan he borrowed from Standard Bank. … Read more
