Loans

Tesla Inc. has started offering consumers 84-month auto loans after Elon Musk said the carmaker would “have to do something” about rising interest rates.The company now includes seven-year loans as an option on its US order pages, after previously offering loans as long as 72 months. While extending loan terms can lower car buyers' monthly payments, consumers tend to pay more in interest and face greater risk of owing more than their vehicle is worth. Tesla's chief executive officer has been a frequent critic of the…

(L-R) Kevin Chambers, Director for COVID-19 Fraud Enforcement, Department of Justice; Hannibal "Mike" Ware, Inspector General, Small Business Administration; Michael Horowitz, Chair, Pandemic Response Accountability Committee; and Roy D. Dotson Jr., Acting Special Agent in Charge, National Pandemic Fraud Recovery Coordinator, United States Secret Service; testify during a hybrid hearing held by the House Select Subcommittee on the Coronavirus Crisis in the Rayburn House Office Building on June 14, 2022 in Washington,…

Vice President Kashim Shettima says the federal government will ensure quick access to single-digit loans for Nigerian small businesses. The vice president made this pledge on Tuesday in a message to mark the 2023 World Micro Small and Medium Enterprises (MSME) Day. He said the federal government was aware of the impact of fuel subsidy removal on MSMEs and was working towards addressing it. “On this World MSME Day, the government of President Tinubu recognises the vital role that MSMEs play in driving economic…

After its failed ZestMoney acquisition, PhonePe is kickstarting its credit journey with merchant lending. This and more in today’s ETtech Top 5.Also in this letter:■ India, US to come together for DPI in developing nations■ ETtech Deals Digest■ More pain coming for Indian IT firmsPhonePe goes live with merchant loans From left: PhonePe cofounders Sameer Nigam & Rahul ChariFintechs getting on board the credit ecosystem is fast becoming the norm, the latest entrant being digital payments major…

Credit: CC0 Public Domain Nearly a decade ago, researchers from Brigham Young University, Utah State University and Rutgers published a disheartening study revealing how discrimination in bank loan services was tainting the American Dream for minority entrepreneurs. Unfortunately, even in 2023, not much has changed. A newly…

With more and more lending networks competing for your business, now is never a better time to apply for a guaranteed installment loan for bad credit by direct lenders. For example, are you looking for quick cash to cover a $250 unpaid parking ticket? What about a high-dollar $2500 loan for a Caribbean cruise? Rest assured, many direct lenders are willing to extend favorable rates and terms to bad credit borrowers who have difficulty applying for traditional loans. Lender Rating Loan Amount APR Min. Credit…

Nowadays, it’s common for bad credit borrowers to be ineligible for small low APR loans from banks and credit unions thanks to low credit scores. Fortunately, recommended online marketplaces like MoneyMutual and VivaLoan are ready to take their place, offering payday loans for bad credit with no credit check along with favorable terms like sub 35.99% APRs, repayment terms up to 60 months, next day funding, and near-guaranteed approval as long as you meet all eligibility criteria. Lender Rating Loan Amount APR…

The Reserve Bank of India’s latest guidelines around default loss guarantees provided by fintechs to regulated lending entities is seen as a fine balancing act by the central bank.On one hand, the guidelines around FLDG arrangements between lenders and unregulated players have reopened major business opportunities for fintechs; on the other, a 5% cap ensures that overall risks in the sector will be contained.In a notification issued on Thursday, the central bank said regulated entities (REs) shall ensure that the total…

In the US, inflation rates have been steadily rising, causing financial hardships for many households due to increased consumer prices. As a result, people are seeking loans, but factors like low credit scores, no credit history, low income, or unemployment often lead to rejections.  Luckily, we have compiled a list of online brokers offering tribal loans, providing a convenient way to access funds without extensive scrutiny. These tribal loan companies offer instant approvals and fast cash disbursements, helping you…

When you find yourself in a difficult situation and need an immediate personal loan, bad credit may often imply that you have little to no viable options. But that does not always have to be the case. We have carefully selected a collection of the best payday companies in the US that can provide you with the necessary assistance to obtain a bad credit personal loan with guaranteed approval up to $5,000.  Regardless of your employment status, credit history, income, or even credit score, the personal loans offered by…