Category: Unsecured Lending

Credit bubble fears as British drivers borrow £32billion to buy more than two million new cars in a year

Credit bubble fears as British drivers borrow £32billion to buy more than two million new cars in a year

The purchase price is set at the outset based on the predicted value of the car in the secondhand market. The amount you have to borrow is based on how much the finance company predicts the car will lose in value over the term of the deal, minus the deposit. The motorist pays this amount…

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A look at alternative funding for SMEs

A look at alternative funding for SMEs

By Gary Palmer, CEO at Paragon Lending Solutions The lending landscape in South Africa is transitioning. Taking the lead from their global counterparts, there are a host of smaller and FinTech lenders entering the market, bringing with them an exciting opportunity for SMEs looking for growth funding. However, by year-end we could see yet another…

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Australia

Australia

Australia’s fixed income repo market has grown in recent years as the supply of securities has ballooned following the financial crisis. The outstanding float of Australian commonwealth government bonds (ACGBs) has risen from AUD 55 billion (USD 41.98 billion) in 2007 to AUD 460 billion (USD 351 billion) today and is set to increase to…

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United Bank of India plans to enter credit card business, says MD PK Bajaj

United Bank of India plans to enter credit card business, says MD PK Bajaj

State-run United Bank of India is planning to enter the credit card business to grow the high-margin unsecured loan portfolio. The Kolkata-headquartered bank may take a concrete decision in one month. “We are trying…we are planning to do it, we are exploring the possibility,” United Bank managing director amp; chief executive officer Pawan Kumar Bajaj…

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COMMENT- Is Bharat Financial a worthy Inclusion for IndusInd?

COMMENT- Is Bharat Financial a worthy Inclusion for IndusInd?

Madhuchanda Dey Moneycontrol Research The media has been abuzz with the rumours of IndusInd Bank (IIB) and Bharat Financial Inclusion (BHAF) coming together. This isn’t the first marriage in the space. In the past, IDFC Bank had acquired Tamil Nadu-based Grama Vidiyal Microfinance and Kotak Bank had acquired BSS Microfinance. So there are clearly merits…

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Indusind Bank not to grow unsecured book beyond 5%

Indusind Bank not to grow unsecured book beyond 5%

Mid-sized private sector lender Indusind Bank is keen on acquiring new credit card customers following cashless payments thrust, but will not grow the unsecured book over 5 per cent, a senior official has said. We will not grow the unsecured lending book beyond 5 percent and will continue to grow the credit cards portfolio in…

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OneSavings Bank (LON:OSB) Broker Updates

OneSavings Bank (LON:OSB) Broker Updates

OneSavings Bank plc (OSB) is a United Kingdom-based lending and retail savings company. The Company operates through three segments: Buy-to-Let/SME, Residential Mortgages and Personal Loans. The Company provides Buy-to-Let mortgages secured on residential property held for investment purposes by experienced and professional landlords and commercial mortgages secured on commercial and semicommercial properties held for investment…

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