Blog posts in Loan Education

Student loans are designed to help cover the costs of university tuition fees, accommodation and study material. Student loans differ from other types of loans as they may have substantially lower interest rates and the repayment schedules may be deferred whilst the person is completing their education. A Student loan enables individuals to get a degree, diploma or other formal qualifications that they would not have been able to if it were not for the loan. Luckily, there’s a host of financial institutions in South Africa, amongst the traditional banks, that focus solely on providing student loans.

We see tons of articles talking about good debt versus bad debt. But, not so many on how this is applicable for young people entering the workforce. The reality is, young employees are faced with a lot of choices and temptations! Most have just finished studying and are starting a new work. Usually, this means new-found financial freedom in the form of income!

Ever had that feeling of just not getting anything done properly due to a lack of time? Most of us have. The answer is simple, – it’s because we generally don’t manage the time we have – instead, we’d rather dive in and see what happens.

The reality is that it’s super risky business to invest with a loan. The investment you make with the borrowed funds should obviously rake in a much higher return on investment through capital gains or dividends than the interest amounting on your loan.

In this second post of our Debt Consolidation Education Series, we're going to talk about the difference between review and debt consolidation and what the process looks like.

As a country facing a lot of debt, we're doing our best to help South African consumers understand credit health, loans and other forms of finance. In this educational series, we're tackling the loan industry, whether it's cash loans, online loans, payday loans or blacklisted loans! In this post, we're looking at the pros and cons of loans, as well as the things that influence your loan.

In our previous post, we covered the basics of a loan and specifically personal loans. In this post, we'll recap the basics of a loan and tell you a bit more about pay day loans!

As a country facing a lot of debt, we're doing our best to help South African consumers understand credit health, loans and other forms of finance. In this educational series, we're tackling the loan industry, whether it's cash loans, online loans, payday loans or blacklisted loans!

In our previous post, we helped you understand Debt Review a bit more. In this post we're going to show you the debt review process.

Debt review, also known as debt counselling, is a debt relief measure created in terms of the National Credit Act (NCA) to assist consumers that are over-indebted. This is done through budget advice, restructuring of debts and negotiating with creditors.