Latest posts

What is a balloon payment, and how do they work?

12.08.2021 When you take out a car loan or mortgage that has a balloon payment, it means you will have to make a large payment at the end of the loan term. For instance, let’s say you take out a car loan for R120 000 with a repayment period of five years. If you make smaller payments that only cover 80% of the loan, your balloon payment will be R24 000. Read more

Safe liquid investments to maximise your emergency fund

05.07.2021 Wondering how to make the most of your emergency fund? Here’s what you need to know about earning interest on your money while still making sure it’s safe and easily accessible. Read more

How can I increase my chances of getting a car loan?

24.05.2021 Most South Africans can’t afford to buy a car out of pocket and may need a car loan to solve their transportation problems. If you’re one of the people who’s planning to apply for a car loan, you may be wondering how to increase the chances of approval. Don’t worry, and keep reading – we’ve […] Read more

How credit checks work in South Africa

24.05.2021 The best way to understand how credit checks work is to understand how credit reports and credit scores work first. To begin with, your credit report or credit file contains information about your financial behaviour, especially when it comes to borrowing and spending. For instance, it shows: The loans that are in your name and […] Read more

How to get a loan when you are blacklisted

24.05.2021 So you want a loan, but you’re blacklisted? You may be having a big “Oops” moment, but don’t kick yourself too hard. You might still be able to get the loan you want. That’s because, despite what most people think, blacklisting does not mean lenders have cancelled you forever or your name is on a […] Read more