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Saturday, November 18, 2017

Get a Student Loan and Study Abroad – Nedbank Can Help

Abroad Student Loans with Nedbank

Study anywhere in the world. We unpack the requirements for an overseas study loan.

So you’ve made up your mind that you’d like to study overseas, well your matric certificate isn’t enough, unfortunately so. You’ll need to supplement your academic record to qualify to apply because the education systems in overseas countries are totally different to that in South Africa (SA).

And especially so if you want to get access to student loans in SA to study abroad one such loan is Nedbank Student Loan that offers postgraduate studies abroad.

And obviously by now if you are applying for a loan to study abroad it would mean that you have met the necessary requirements to qualify for entry into overseas universities. If so good you are one step closer to putting that student loan for your overseas studies to good use.

And the reason I say so is because one of the qualifying criteria for the loan is a letter of acceptance from the overseas university in which you’ll be studying. Not forgetting also a proof of registration and costs and surety.

Visit: https://www.nedbank.co.za to apply or for more information. Or contact Nedbank at 0860 555 111.

Nedbank Student Loan offers benefits of:

  • Interest rates are quite competitive
  • The repayments terms are flexible
  • The loan provides cover for tuition, student accommodation, textbooks and other study related equipment.
  • The loan is quite affordable. Individuals are required to pay only the interest portion while studying.
  • And individuals also get reduced banking charges

 

Hassle-Free Loan Application Services

Easy Loans

Applying for a loan has become much simpler in recent years, with the advent of the internet. With the move by banking institutions towards digital services, loan application services have become more efficient. Instead of having to spend hours waiting in line at the bank or having to speak to multiple consultants, individuals can simply apply online for loans or they can apply on the phone.

More about Hassle-free Loan Application Services

Apply for a Loan Anytime, Anywhere

One of the most convenient factors about hassle-free loan application services is that you can apply for loans from anywhere. By having access to online solutions, you can also apply at any time of the day and you don’t have to rely on traditional banking hours.

Personalised Loan to Suit your Individual Needs

Lending institutions that provide hassle-free loan services provide loan solutions that are tailored to suit individual needs. Lenders should provide you with loan solutions that are designed around your needs.

Minimal Paperwork Involved

When applying for a loan, the last thing you are looking for is a time-consuming process. When there is minimal paperwork involved you can rely on not having to submit too much paperwork. You don’t have to worry about having to fax multiple pages to a loan provider.

Affordability is Key

For a hassle-free loan application, you need to first make sure that you can actually afford the loan you are applying for. Rather than having the lender have to waste a lot of time doing numerous affordability assessments, you can hasten the process by making sure that you can afford the loan.

Sameday Online Loans

If you are looking for hassle-free loan application services, you can expect same day online loan payouts.

Sound Advice on How to Manage Your Loan Repayment

Managing Loan Repayments

Qualifying for a loan means that you have an opportunity to meet your financial needs. It also comes with the responsibility of making sure that you repay the loan on time.

This is why it’s important for you to know what to expect and how to prepare before your first payment is due.

How to manage your loan repayment:

Get to know your loan provider. You need to be clear about when your loan provider expects you to repay the loan.

Keep track of communication as the repayment period approaches. Make sure you know exactly when payments are due and that you are billed correctly.

Always keep the loan provider updated with your current contact information. If your contact details change at any moment, make sure that you keep your loan provider informed and that all your billing information is updated.

Make the most of your grace period. If your lender provides you with a grace period, do your best to ensure that you prepare adequately for when payments do become due.

Plan your loan repayment into your monthly budget. This way there are no surprises.

Read all the loan information carefully. Ensure that you understand all terms and conditions before signing up for the loan.

Make sure that you make payments on time. Where possible, pay more than the minimum amount due. This will help to reduce your loan repayments at a faster rate.

If you anticipate difficulty in making a payment, contact your loan provider right away.

Make use of debt orders to pay the loan on time. This is one of the easiest ways to manage your loan repayment.

Only take out a loan from a registered financial institution.

Set a specific time frame for the repayment of the loan and make sure that this is prioritised.

Blacklisted and in need of Cash? These are No Credit Check Loans

Blacklisted Cash Loans

Being blacklisted can be a stressful experience. It also means that creditors aren’t willing to provide you with any credit, so you need to find a way to improve your credit if you have any hope of getting access to finance. Being blacklisted is never a pleasant experience. The reality is that there are various reasons that people find themselves in such situations. Some people fall behind on their debts as a result of unplanned events, such as retrenchment or critical illness.
After not paying instalments for a number of times, this may lead to a bad credit record. Loans for blacklisted people have given people hope again. While it’s true that it can be harder to get a loan with a bad credit record, these loans have proven that it’s not impossible
If you are blacklisted and in need of cash it may be helpful for you to get access to no credit check loans.
These types of loans provide a convenient way for individuals with bad credit, or who are blacklisted, to get access to loans, without focusing too much attention on their credit status. There are a number of financial institutions that offer no credit check loans, such as:

SMC Financial Services

With SMC Financial Services, there are no consultations needed. Loan applicants can also expect rapid approvals. Loan amounts range between R500 and R150 000, with 3 months to 3 years to repay. There are no credit checks and repayments are fixed for the full duration of the loan.
Visit www.smcloans.co.za

No Credit Check Loans

No Credit Check Loans is a financial institution specialising in providing payday and personal loans to people with bad credit records. Applicants who are blacklisted stand high chances of approval, as long as they have sufficient income. If you are blacklisted and in need of cash you can get access to no credit check loans of up to R200 000.
Even though qualifying for no credit check loans may provide some much-needed financial relief, it’s always a good idea to make efforts to improve your credit standing by paying off any outstanding debts you may have.

7 Retirement Investment Misconceptions

Happy Retirement

Going into retirement without proper planning is a culture that is affecting most aged South Africans. This normally caused by certain misconceptions that people take into perspective before they retire. Here are some of the retirement investment misconceptions:

Not saving

Saving money helps you to secure your retirement package when there is still time. By not saving, you are simply putting your retirement into jeopardy as you would end up considering having so much debts that are not affordable to pay.

Understand true cost of living

Not spending much on your living can help you to save towards your retirement. Subscribing to a number of credit facilities that debit your account at the end of the month can heighten your cost of living.

Reducing your social security benefits

By cutting your social security benefits, you are simply reducing some of the benefits that you are designed to benefit when your reach your retirement age. It is very important to divert part of your money towards your social security benefits that you will enjoy afterwards.

Starting to save later

Many people make the mistake of saving late when they have so much to take care of. Making early savings when your family is small or before you get married is of paramount importance. It helps you to save more before your monies have so much to take care of.

Ignoring inflation

Inflation is an important factor in our lives. It gives us an idea or direction at which any country’s economy is taking. If the economy of a country is bad, inflation rise and so does the cost of living. By ignoring the rise in inflation, your cost of living gets affected and your savings get reduced. Such can me that your retirement package gets affected as well.

Focusing on a single risk

It’s very important for every investor to diversify his substantial returns to arrive at retirement with a decent-sized pot of money. Avoiding stock market risk increases other types of risk, like the possibility of outliving your money.

Retiring with no plan for income

When one retires, they have to make sure that there have a source of income that will help them make an honest living. As retirement nears, lots of investments need to change, moving away from growth in accumulation toward a distribution and preservation stage.

Financial Planning for Single Income Families

Single Income Finances

Have you dreamed of living as a one-income family so one parent can stay at home? Have you accidentally become a one-income family due to a layoff or an illness? Regardless of your situation, the simple truth is one-income families have a different set of financial needs than dual-income families.

What do you need to know as a single-income family?  Here are 4 things single-income families should never forget.

1. Increase Your Retirement Contributions

I know, this probably wasn’t the first tip you were expecting to read, but it might be the most important. Remember that the bread winner is now making retirement contributions for two people.  This means the bread winner needs to compensate for the loss of the other spouse no longer making contributions.

Whatever amount the stay-at-home spouse used to contribute to their retirement account should now be matched, at a minimum, by the bread winner. For example, if the stay-at-home spouse used to contribute $5,000 per year into their 401(k), then the working spouse needs to increase their contributions by $5,000 per year. I know this is easier said than done, but your future self will thank you.

2.Take Out Life Insurance and Long-Term Disability Insurance on the Non-Working Spouse

Many families make the mistake of thinking that the non-working spouse isn’t financially contributing to the household as they’re not earning an income.

If the non-working spouse passes away or suffers from serious illness or injury that renders him unable to look after the children, then the working spouse would need to outsource those tasks. The cost of that outsourcing is tremendous. It’s crucial to take out both disability and life insurance on both spouses, including the one who isn’t drawing a salary.

3. Make the Transition Slowly

If you haven’t yet transferred to a one-income lifestyle, start doing it in stages. First, adjust your lifestyle in such a way that you can live solely on one person’s income while saving 100% of the other person’s income. I know this might sound drastic, but that’s essentially what you’ll be doing when you transition to a one-income household. You’ll be living on one income while not bringing in the other.

By pretending as though you’re a one-income couple for several months (ideally, several years) before you make the transition, you’ll enjoy the benefits that come from saving the entirety of one person’s income. Those savings can be used to obliterate your debt, build a substantial cash cushion, make massive retirement contributions, and max out your children’s college savings accounts.

4. Target Your Major Expenses

For many families, big expenses include a mortgage that is too expensive, car payments, dining out, clothing, and credit card debt. If you can tackle these expenses, you can solve a lot of your financial stresses.

 

Declare a one month ban on dining out. Commit to eating every meal at home for 30 days and see what a difference it makes to both your budget and your waistline.

If you have to eat a meal outside of the home, brown bag your lunch. If you have an expensive mortgage, consider renting out a room to a housemate. If that’s not something that appeals to you, downsize to a smaller home.

Top 5 Finance Books Everyone Should Read

Financial Books

From Bill Gates to Elon Musk, from Warren Buffett to Ben Franklin, the most successful people in the world have always been voracious readers. So if you want to achieve financial success, become wealthy, and retire early, one of the most important things you can do right now is crack open a book!

Luckily you don’t have to do much searching. I’ve compiled for you a list of the 25 best personal finance books to read this year. The books on this list are incredibly varied, from true personal finance books by gurus like Dave Ramsey, Robert Kiyosaki, and Tony Robbins, to value investing classics like The Intelligent Investor, The Tao of Charlie Munger, and A Random Walk Down Wall Street. This list as it all!

So keep on reading to learn more about the 25 best personal finance books you should read this year! And for greater book recommendations from Vintage Value investing, check out The 11 Best Investment Books for Beginners and The 14 Most Recommended Investing Books of All Time.

Below are the top five books you should read:

  • “Common Stocks and Uncommon Profits” by Philip Fisher
  • “The Intelligent Investor” by Benjamin Graham
  • “The Theory of Investment Value” by John Burr Williams
  • “Irrational Exuberance” by Robert Shiller
  • “One Up on Wall Street” by Peter Lynch

How to Trade Bitcoin for Profit

Bitcoin

Whenever you hold an asset, it can increase or decrease in value. When you trade the bitcoin for fiat currency, then you’re trading an asset for dollars. It works the same way as when you trade gold bullion for dollars. Bartering or exchanging bitcoins for anything is also a taxable event.

There’s a digital gold rush sweeping the globe as investors try to cash in on Bitcoin, the notoriously volatile cryptocurrency. Getting involved yourself is easier—and riskier—than you think.

As with any exchange or speculative market, trading in Bitcoin is a risky venture that could cost you real money—and lots of it. So the most important advice is to proceed with caution. If you’re game, though, here’s what you need to know to get started.

How Bitcoin Works

Bitcoin is a currency much like any other, albeit digital. It can be saved, spent, invested, and even stolen. The rise of Bitcoin, the most widely circulated cryptocurrency, began in 2009 by someone (or someones) using the alias Satoshi Nakamoto. It came to prominence earlier this year when its value suddenly jumped 10-fold from R30 to R3500 between February and April.

How Bitcoin Exchanges Operate

The simple answer is: just like physical currency exchanges. You’re essentially buying one currency with another. The relative value of a nation’s physical currency is a reflection of the country’s economic and financial health, especially since we moved off of the gold standard. The U.S. dollar, for example, is worth more than that of the Mexican peso due to the discrepancies between the two countries’ economies—therefore you can buy lots of pesos for very few dollars (the dollars being relatively more valuable).

The same holds true for Bitcoin, except that its value comes not from an industrial economic base but from the work performed by your computer. That means it can be traded like a commodity, no different than pork bellies or Florida oranges.

That said, exchanges like Mt. Gox act as intermediaries for currency transactions, converting wealth from Bitcoin to US dollars to other national currencies, back to dollars or Bitcoin. And that’s how you make money. By exploiting the constantly shifting relative values of various currencies, savvy investors can make a tidy sum simply from moving money around these markets, in a process known as arbitrage. But they can lose it just as easily.

Financial Checklist for Newlyweds

You’ve probably put a lot of thought into the flowers, food and photography for your big day. But have you given any thought as to your soon-to-be family’s financial well-being?

Once you’re back from the honeymoon and the thank you notes have been sent, Texas certified public accountants (CPAs) have the following 10 tips to get your new financial home in order:

Insure your wedding rings

Make sure your new bling is protected from loss by insuring it. If you have homeowner’s or renter’s insurance, you can get a rider to cover your jewelry. Talk to your insurance agent about coverage options.

Create a new budget

Now that you’re a family of two, you’ll need to set a new spending plan. You’ll get to split the cost of utilities, but the grocery bill will probably increase. Make a list of all income and expenses and see where you can cut back if need be.

Pay off debt

A wedding is a very expensive event and you may have turned to credit cards to help pay for it. Whether you have a serious shopping compulsion or student loans, if you have not already had the full debt disclosure discussion, do it now. Talk honestly and openly about your debt and decide on a repayment plan. Take a vow to forsake all other debt, except for your home mortgage, as long as you both shall live.

Assign financial tasks but share financial responsibilities

Someone has to take out the trash and someone has to pay the bills. Determine who’s in charge of paying the bills, monitoring investments, filing paperwork, and other financial tasks. The other person can clean up after dinner.

Once a month the two of you should dedicate two hours of open communication about your financial situation. Review monthly bills, level of savings accounts and progress towards your short and long-term financial goals.

Discuss your financial tolerance

Are you a spender while your spouse is a saver? Does your spouse want to invest in bonds, whereas you’re interested in stocks? Get to know each other’s personal finance personality and tolerance for financial risk. You may also want to set some financial ground rules like determining a spending limit without first obtaining your spouse’s consent.

Change the beneficiary on your insurance and update your wills

Contact your company’s human resources department or your insurance agent to list your new spouse as the beneficiary on your disability and life insurance. Don’t forget to do the same for your 401(k), bank accounts, etc.

Get a Social Security card with your new surname

Take your marriage license and any other required documentation to the Social Security Administration office nearest you and get a new Social Security card if you’re changing your name. The name on your Social Security card and your tax return must match.

Review how your new marital status will affect your taxes

If your new spouse has children, you may want to change the amount of taxes withheld from your paycheck to reflect the new dependents.

Entrepreneur Qualities you need to Build a Business

Entrepreneur

Entrepreneurship is based on creative destruction, which ultimately leads to economic growth. It’s a system which promotes innovation and drives economic growth through the creation of jobs. The path towards entrepreneurship isn’t always easy – this is probably the reason why not too many people successfully pursue it.

It requires a lot of patience and determination to succeed in various markets that come with their own set of challenges.

As an entrepreneur one needs to have a range of qualities. Entrepreneurship is not for everyone.

What entrepreneur qualities you need to build a business:

Be open-minded

Entrepreneurs need to be open-minded so that they can deal with challenges and competition that comes up along the way.

Discipline

One of the golden rules for entrepreneurship is that one needs to be disciplined. Without this trait you aren’t likely to get very far.

Creativity

Being creative is something that is generally innate with many entrepreneurs. ntrepreneurs generally have a way of finding unique solutions to challenges- which requires creativity.

An unwavering passion

The entrepreneurial journey will never be easy so if you are an entrepreneur you need to have an unwavering passion for what you are do.

The desire to be an expert

As an entrepreneur with a drive and dedication towards personal and professional growth, the desire to be an expert is an important quality to have.

Be action-oriented

Entrepreneurs are self-starters. Being action-oriented means that you are not afraid to take the first steps towards building a business.

More entrepreneur qualities you need to build a business:

  • Have a forward-looking approach
  • Be persuasive
  • Constant flow of ideas
  • Be able to plan for growth
  • Have clear goals
  • Recognise and draw on peoples’ abilities
  • Not deterred by roadblocks
  • B able to deal with complexity

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Abroad Student Loans with Nedbank

Get a Student Loan and Study Abroad – Nedbank Can Help

Study anywhere in the world. We unpack the requirements for an overseas study loan. So you’ve made up your mind that you’d like to study...

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Top 5 Finance Books Everyone Should Read

From Bill Gates to Elon Musk, from Warren Buffett to Ben Franklin, the most successful people in the world have always been voracious readers....

How to Trade Bitcoin for Profit

Whenever you hold an asset, it can increase or decrease in value. When you trade the bitcoin for fiat currency, then you're trading an...