Personal Loans articles
Personal loan or business loan? The best way to finance your business
When starting your own business, you may have to rely on external funding. Perhaps you qualify for a personal loan, but would it be better to take out a business loan instead? We got in touch with a specialist to find out whether it’s bes...
Keep this in mind when taking out new financial products
Adding a product to your personal finance portfolio, such as insurance or an investment, is a big decision. Each month it will take a chunk out of your salary, and you need to ensure you can cover it.
7 Factors to consider when reading your loan agreement
Many people do not properly read their loan agreements. They just sign on the dotted line without realising that they could be signing their lives away. It’s important to review your loan agreement before and after taking out your loan to av...
Should you take out a loan during a recession?
South Africa recently entered its second recession in two years, after the economy contracted 1.4% in the fourth quarter of 2019. When the country is facing turbulent times, personal finances also get affected, and sometimes debt becomes n...
Be careful of credit scams – protect yourself!
When people are desperate, they become vulnerable to fraudsters who are after their hard-earned money. Have you fallen victim to credit scammers? Do you know how to protect yourself when confronted by fake credit providers?
Can a personal loan save you money?
A personal loan can be a useful tool to achieve your financial goals. It can help pay for your children’s education, house renovations, and medical expenses. But can it be used as a tool to save you money?
Is good debt a good reason to take out a personal loan?
When you’re in a pinch and you need to borrow money, you may reach out to a creditor for a personal loan. The upside of this kind of loan is that you can spend the money on anything you choose. However, just because you can use it for any...
Should you take out a personal loan for your wedding?
You may not have considered the costs of your wedding yet. We have a look at whether a loan could be an option, how to take one out responsibly, and what alternatives you have.
Stuck on a financial product? The cost of loyalty
When you find a financial product that works for you, you may stick with it. However, what happens when you unswervingly stick with the same product for 10 years?
Unsecured debt 101: Use it responsibly
The emergence of COVID-19 has dramatically changed our lives. The financial impact has been sweeping and has resulted in massive job losses, business closures and salary cuts.
Car subscriptions - ownership redefined
Having your own car allows you the convenience of travelling anywhere you wish, at will. But owning a car comes with its own problems, such as the expense of services and insurance. The process of buying a car can also be quite daunting. But is ...
Are personal loans tax deductible in South Africa?
Find out if personal loans are tax deductible in South Africa, and explore tax regulations, business loan tax deductions, and tax-planning strategies.