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Monday, March 19, 2018

I Want It Faster, Smarter And More Accurate, Please… 

I want it faster smarter and more accurate, please…

By Dimakatso Maroleni

People are looking to a 2018 and beyond that’s faster, smarter and more accurate. How you may ask? Well through the use of technology of course.

Technology has become a part of our life blood we can call a taxi cab via an app, does anyone require an Uber?

The use of technology has also intensified amongst people through the use of the very many social media apps. This allows for a connection solely through a web presence, perhaps never even meeting in person. And that in this sometimes time constraint era we live in allows for efficiency and response.

Political and social awareness is also brought to light by watching news, current affairs and documentaries or by reading about issues online bringing about a faster, smarter approach to doing things.

Also that technology has changed the face of work no longer is it necessary for a person to be tied to an office just to get work done. These days you can even get your work done on the go in a coffee shop or just about anywhere allowing you the freedom to get your job done even in your pajamas. (LOL)

It’s also always important to evaluate where we at. And with that being said going forward we’ve been made aware of the smart experience of chatbots, robot dogs, self-driving cars and robot citizens all making a statement about the incorporation of Artificial Intelligence (AI).

And although with some of these technologies is still somewhat of a trial and error, with time it could get better. AI is here to make things even more convenient for us. Further proving how people are looking to a 2018 and beyond that’s faster, smarter and more accurate.

Is Taking a Short-Term Loan Better Than Taking a Long-Term Loan?

Long or short term loan

If you are considering a loan, have you thought of which loan type would be best for you? A short term or long term loan?

A loan is a specified amount of money someone borrows with the intention of paying it back. Generally it’s over a said period of time and is paid back with interest. There are different types of loans falling into two major categories short and long-term.

And what would determine if taking out a short-term loan is better than taking a long-term loan is what’ your purpose for needing a loan.

Should you have an emergency and are in need of immediate cash in such an instance a short-term loan would be applicable. As for this type of situation you’d be able to get the cash quickly, whether should you need the cash for car repairs, taking a vacation, or other unexpected bills.

Unlike a long-term loan, you can get cash within 48 hours and there are no credit checks. The loans are generally up to R2000. This type of short-term loan is referred to as a Payday loans or a cash advance where you can even get the loan online from payday lenders. In which the payment comes from your bank account on your next pay date and it’s loans that are generally up to about three years.

Another popular short-term loan is a flexible loan. This is generally a credit based loan, of up to R25 000. The term is generally 12 months. However these types of short-term loans are at a higher interest rate than a long term loan. A lender will use the situation that you don’t have credit in order to offer the higher interest rate.

Therefore with a long-term loan it’s credit based. The better your credit score the better your interest rates will be. A long-term loan can be taken over an extended amount of time and can include any loan from student, wedding, start-up business and home improvement loans.

  • Another benefit to a long-term loan is that they generally taken out through a bank or credit union, unlike a short-term loan.
  • You have greater flexibility with payment options.
  • They help establish credit.

Although with a long-term loan it can be a secure loan requiring a form of collateral or asset, like a title to your car or your home. Or an unsecured loan which has a higher interest rate as the lender has more at stake. Therefore you decide what’s best for your situation.

Get a Flexible Investment Solution through a Bidvest Fixed Deposit

Investment Solution

More people are looking for flexible ways of saving money and earning good interest rates in the process. One way of doing this is by opening a fixed deposit. Statistics have also shown that a new generation of income investors dislikes rigid or restrictive product design. A key demand is for lower investments as well as flexibility. Today’s banking customer expects the option to have a choice.

This is something which Bidvest Bank has realised and continues to offer through its various banking solutions. One such solution is the Bidvest Fixed Deposit.

What is a fixed deposit?

A fixed deposit is an amount of money you save that cannot be accessed until maturity and no additional funds may be added to this investment. Various institutions have different options for fixed deposit types.

Interest can be capitalised or withdrawn on demand, however, withdrawal of the deposit before maturity is not allowed.

Once the fixed deposit amount has matured, clients will have earned a significant amount of interest and will have the freedom to use the money however they please.

Tell me more about the Bidvest Fixed Deposit?

The Bidvest Fixed Deposit is offered for a fixed period of time and it allows individuals to earn higher rates of interest on their investment.

Investment terms range between 1 and 12 months, while early withdrawals are charged at a fee.

Monthly interest can be paid into a nominated account or transferred into a Call Account.

The Bidvest Fixed Deposit also offers extra benefits for pensioners.

You can earn the following interest rates:

7.24% for 3 months

7.94% for 6 months

8.09% for 9 months

8.41% for 12 months


Bidvest Bank has over 100 branches nationwide and is a niche bank servicing individuals and businesses. The institution also specialises in money management. Bidvest is a leading financial services provider. Through all of its operations, the bank ensures that criteria prescribed by the National Credit Act apply.


Cosmetic Dentistry Loans – How to go about Financing your Hollywood Smile

Loan for Dentist

Cosmetic dentistry loans are available to individuals who may not be able to afford medical aid premiums or those whose medical aid doesn’t provide cover for such procedures.

For most medical aid schemes, dental cover is limited to necessary procedures such as the cleaning of teeth or removal of wisdom teeth. Further procedures which may include veneers, bleaching or laminating may be excluded from certain cosmetic dentistry loans.

In South Africa, there is a wide array of medical loan specialists, who may also provide cosmetic dentistry loans.

First Health Finance

Established in 2008, First Health Finance offers payment plans that are affordable and flexible.  Loan amounts range between R5000 and R60 000, while individuals have 3 to 36 months to repay the loan. There are no early settlement penalties.

First Health Finance concentrates on 4 primary areas:

  • Cosmetic and reconstructive surgery
  • Dental procedures
  • Corrective eye surgery
  • Hair restoration

The institution strives to provide clients with a speedy turnaround rate. Applicants are given a response within an hour.

If you are approved for cosmetic dentistry loans, First Health Finance pays the dentist on your behalf.

First Health Finance is an NCR-registered institution and complies with all regulations.  Finance is only extended to individuals who can afford to make repayments comfortably.


Cosmetic dentistry focuses on the diagnosis, prevention and treatment of conditions and disorders with regards to the teeth, gums and cavities.

It may include bridges, crowns, implants, veneers, wisdom teeth and extraction.

Through Incred, loan applicants seeking cosmetic dentistry loans get access to loans of minimum R100 000 with up to 36 months to repay. Loans can be approved in a couple of hours, after filling in an application form.

To find out more about cosmetic dentistry loans from Incred, call: 0860 462 733


Don’t Cancel Your Car Insurance- This is Why

New Car Insurance

A basic definition of car insurance is that it is insurance purchased for cars and other road vehicles. This type of insurance provides financial protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could arise there from. Car insurance may also provide cover for theft and damage to the vehicle.

Car insurance also provides benefits to survivors when an accident results in death. It also covers you for incidents such as stolen cars or hijacking. Vandalism is also covered.

Research has shown that insurance is often a grudge purchase for many people. Having car insurance is essential however.

In a country like South Africa, where the conditions of roads isn’t always the best , having car insurance will provide you with the right cover in case your car is damaged because of potholes. Crime statistics are alarming in the country, so having car insurance gives you the cover you need in case your car is stolen or if you are hijacked.

By having car insurance, you are protected from the financial liability and you have the peace of mind knowing that you are covered should the unexpected occur.

Good reasons for having car insurance:

Preservation for vehicle value

If you buy your car through the bank or another financial institution you will be required to get the most comprehensive form of car insurance. This is because the bank will want to protect its asset.

You can save more by bundling your home insurance and car insurance with the same company

Many insurance providers are giving their clients more value for money by giving them the option of multi-policies.

You get insulation from huge expenses

By getting car insurance you have the peace of mind knowing that the insurance covers the bills of vehicle repairs due to damage caused in an accident

A Guide to Qualifying for a Home Construction Loan and How it Works

Construction Loans

Building your own home can be a long and expensive process. This is why having access to a home construction loan can be ideal.

What is a home construction loan?

This is a typically short term loan that is used to pay for the cost of building a home. At the end of the construction process, when the house is done, you will need to get a new loan to pay off the construction loan- which is sometimes called the “end loan”.

Banking institutions often impose strict qualifying requirements for construction loans.  You need to be able to prove that you can afford to repay the loan, when you apply.

To qualify for this type of loan, you need to ensure that the builder you use is qualified. You also need to be able to provide detailed specifications to the lender about the building.

How the home construction loan process works:

The home value must be estimated by an appraiser and a large down payment is also required.

A schedule of draws is set up, so the builder is paid out after completing specific portions of the building process.

You will be liable for paying interest on the money you have borrowed.

A home construction loan can help by providing just the right amount of finance for your home building needs. As you build your home, you will need access to a variety of building materials. Home construction loans provide access to finance to enable you to afford renovations on your home. With this type of finance, you need to put a lot of trust in the builder. Lending institutions will want to see that the builder is registered with the National Home Builders Registration Council (NHBRC).

Tips for Getting Affordable Business Insurance

Business Loans

As a business owner it’s important to keep in mind that there may be unforeseen events that come up when least expected that may affect the operations of your business.

It’s for this reason that getting business insurance is important. Even more important is making sure that you get affordable business insurance.

As South Africa’s largest short-term insurer, Santam pays out more money in claims that any other insurer. The institution has also created an interactive tool to help highlight the different types of risk your business could potentially face.

Types of events covered by business insurance include:

Business interruption, electronic equipment, public liability, fire, business all risk, money, accidental damage, theft by employee and cover for office contents.

All of these events could have adverse effects on business functioning, so it helps to be prepared. Having business insurance protects you from potential financial ruin.

How to get affordable business insurance:

It’s important to compare quotes, bundle policies and to manage your risks. By comparing quotes from many different insurance providers, you can make sure that you get the right type of business insurance cover for your unique business needs. Bundling policies has proven to be a highly effective way of lowering insurance premiums, so this is one way of getting affordable business insurance.

Make sure that your business insurance policy offers enough protection for your business.

Keep in mind that it’s important to consider inclusions and exclusions, policy limits and deductibles.

The type of business insurance cover that you do get should ideally be tailor-made to suit the unique needs of your business. Affordable business cover should not leave out any important factors, but should provide adequate cover for your unique business needs.

Insurers shouldn’t make any assumptions about you or your business.  Make sure that you are clear about the exact type of cover your business needs.

There shouldn’t be any hidden costs involved.

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.

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