4th Jul, 2023
Collateral loans and funding play a critical role when starting or growing a business. According to the SA SMME Access to Finance Report, the average funding requested by small and medium enterprises was R400,000.
This article will answer all your queries regarding collateral…
4th Jul, 2023
When you ask a financial institution or a bank for a loan, they provide two options: secured and unsecured loans. To secure the loan, lenders want you to back them with collateral that holds monetary value, such as jewellery, vehicles, equipment, machinery, and…
13th Feb, 2023
According to the 4th quarter 2021 Consumer Default Index (CDI) report, 23.1 million South African consumers had at least a credit card loan, home loan, vehicle loan, personal loan, or retail loan account in December last year. So, you might be wondering about these…
13th Feb, 2023
Everyone wants the best interest rate when applying for a loan. The ideal way to get a lower interest rate is to add collateral to your loan; this gives you more “asking power” with a lower interest rate. However, before taking any loan, review the…