India Business Loan Apps Marketplace 2021 – Huge Credit Gap of ~$330Bn Suggests Banks & Traditional Financial Institutions are Not Able to Serve MSMEs

Ruben Onsu

TipRanks

3 Big Dividend Stocks Yielding at Least 8%; Analysts Say ‘Buy’

Do you like roller coasters? According to Deutsche Bank, we’re looking at some roller coaster volatility for the next few months, with near-term gains likely, followed by a Q2 retreat, and second-half gains. The firm expects share values to fall in the next three months, perhaps by as much as 5% to 10%, for several reasons laid out by the firm’s strategist Binky Chadha. “The more front-loaded the impact of the stimulus, and the direct stimulus checks at around a quarter of the new package clearly are one

read more

Should we renegotiate our mortgage or take out a personal loan? | Mortgages

Ruben Onsu

Q We are hoping to clear the remaining £48,700 of our mortgage. We envisage being able to pay it off in full in two years’ time.

We have £35,000 in savings, which we plan to use to pay off that much of our mortgage next month. This is because our fixed-rate mortgage will be due for renegotiation. This would leave us with £13,700 left on our mortgage.

We think the best thing to do is get a two-year personal loan and pay the whole mortgage off next month, leaving us with the personal loan of £13,700 to pay off over

read more

Record new home loans for Standard Bank

Ruben Onsu

Standard Bank Group says new home loans granted “reached record levels” in 2020, “fuelled by low interest rates”. In South Africa, the bank disbursed R56.5 billion in mortgage loans in the year, a 13% increase on the year before.

Given that new disbursements saw a one-third contraction in the first half (to R15 billion) due to the hard lockdown, the bank disbursed an astonishing R40 billion in new home loans in the last six months of last year. This is not far off the total of R48 billion in new disbursements from 2019.

INSIDERGOLD

Subscribe for full access to

read more

Loan Fund Launched For Nonprofits’ Green Building Upgrades

Ruben Onsu

DC Green Bank, a Washington, D.C.-based program that promotes sustainable infrastructure, has launched a loan program that supports energy-saving work within the District.

The new program, Navigator, provides pre-development loans for community-based nonprofit organization buildings, commercial buildings, and multifamily or mixed-use properties with five or more residential units. The loans cover sustainable energy-saving projects such as bidding work, design, energy audits and benchmarking, engineering environmental-based planning meetings and other design costs.

“Through our engagement with District residents, contractors, developers, property owners, engineers and beyond, we have identified pre-development loans as a crucial missing piece in the city’s clean energy puzzle,”

read more

Ideas for Getting Loan Borrowers Back Into Repayment

Ruben Onsu

Five groups have issued a set of recommendations on “successfully transitioning federal student loan borrowers back into repayment.”

A memo from the groups said, “Even before the COVID-19 pandemic, many student loan borrowers were struggling, with more than a million borrowers going into default each year. To mitigate the challenges facing borrowers during the pandemic, the Biden administration extended the pause on payments, interest, and collections for most federal student loan borrowers through September 30, 2021. When the pause ends, tens of millions of borrowers will move back into repayment simultaneously. The difficulties borrowers face are likely to persist even

read more

Five things to know before taking a top-up on home loan

Ruben Onsu

NEW DELHI: A top-up on a home loan is a convenient way to raise money. The borrower has a property already mortgaged with the bank, and all that is required is asking the lender to top up the loan.

If borrowers have paid money for 12 months without missing a single installment, they are eligible for a home loan top-up. The amount of money that a bank will sanction depends on the number of equated monthly instalments (EMIs) paid.

Also Read | How India tightened the noose around OTT

For example, after 12 EMIs, the lender may sanction 10% of

read more