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  2. Credit agreements in South Africa - Wikipedia

    en.wikipedia.org/wiki/Credit_agreements_in_South...

    Until this date, the maximum interest rate was twenty per cent per year on all credit agreements up to R10,000 and seventeen per cent per year on credit agreements over R10,000. However, registered micro-lenders were made exempt from the Usury Act from 1992, meaning that they were entitled to charge whatever interest rates they liked.

  3. Rule of 78s - Wikipedia

    en.wikipedia.org/wiki/Rule_of_78s

    Also known as the "Sum of the Digits" method, the Rule of 78s is a term used in lending that refers to a method of yearly interest calculation. The name comes from the total number of months' interest that is being calculated in a year (the first month is 1 month's interest, whereas the second month contains 2 months' interest, etc.).

  4. SA Home Loans - Wikipedia

    en.wikipedia.org/wiki/SA_Home_Loans

    SA Home Loans is a mortgage finance company and mortgage insurance provider [1] in South Africa. It was founded in February 1999 and is headquartered in uMhlanga, South Africa near the city of Durban. [2] Its services cover origination and credit approval through to registration and ongoing loan servicing. [3] [citation needed]

  5. No-credit-check loans: What are they and how do they work? - AOL

    www.aol.com/finance/no-credit-check-loans...

    No-credit-check loans do not require a review of your credit score, which can make them convenient if you have bad credit. But they can be risky and often have extremely high interest rates and ...

  6. Is 600 a good enough credit score to buy a house? - AOL

    www.aol.com/finance/600-good-enough-credit-score...

    A 600 score will not be high enough to qualify for a conventional home loan, so look into FHA loans, which have lower requirements: 500 with a 10 percent down payment, and 580 with a 3.5 percent ...

  7. 10 Things You Can’t Buy If Your Credit Score Is Under 600 ...

    www.aol.com/finance/10-things-t-buy-credit...

    Having a credit score under 600 can severely limit your purchasing power and financial flexibility. ... score of 579 or below taking out a new car loan was a whopping 14.08%. With rates that high ...

  8. Mortgage calculator - Wikipedia

    en.wikipedia.org/wiki/Mortgage_calculator

    Mortgage calculators are used by consumers to determine monthly repayments, and by mortgage providers to determine the financial suitability of a home loan applicant. [2] Mortgage calculators are frequently on for-profit websites, though the Consumer Financial Protection Bureau has launched its own public mortgage calculator.

  9. South Africa releases terms of 600 million euro climate loans ...

    www.aol.com/news/south-africa-releases-terms-600...

    The 300 million euro loan from France's AFD is for 20 years and has a five-year grace period. The interest rate is 3.6%, or six-month Euribor plus 129 basis points (bps), South Africa's National ...

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