Loan Information

Repo Rate South Africa

Repo rate unchanged at 2013/05/23

On 2013/05/23 the South African Reserve Bank governor Gill Marcus has announced that the monetary policy committee has decided to keep its repo rate unchanged at 5.0%. The REPO rate has remained unchanged since 2012/07/19. Gill Marcus cited concerns about a lower rand exchange rate and weak economic growth.

Transfer Duties Property

Transfer Duties

Transfer Duties are payable upon transferring property from one owner to another owner. Transfer Duties are not subject to Value Added Tax (VAT). Transfer Duties are one of the amounts one has to take into account when purchasing and financing a property. Banks or Home Loan providers don’t always finance 100% of the purchase property …

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Payday Loan

Payday loans

Payday loans ? What are Payday Loans ? Payday loans are short term unsecured loans to tie you over to your next paycheck. They are generally small loans for a period of 2 to about 40 days. The nature of these loans make them expensive due to the high risk attached. These loans are normally …

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Bridging Loan

Bridging Loans what are they ?

A bridging loan is temporary financing for an individual or business until permanent financing can be obtained. Money from the new financing or permanent loan is generally used to “take out” (i.e. to pay back) the bridge loan, as well as other capitalization needs. Bridging loans are normally more expensive than conventional financing/loans to make …

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