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Loan News

Pay day loan middlemen complaints double in UK this year

Earlier this week, the Financial Ombudsman Service in the UK reported how it had seen complaints about so-called "middlemen" to pay day loan providers more than double this year.

African bank loans Zimbabwe $100 million to ease credit crunch

Harare - The African Export-Import Bank on Saturday announced a $100 million (72 million euro) loan to Zimbabwe's banking sector to ease a credit crunch that has deepened the country's economic woes."It is a well-known fact that the Zimbabwean banking sector an...

Abu Dhabi extends period of $20 bn loans to Dubai

Dubai - Oil-rich Abu Dhabi and the UAE central bank agreed Sunday to extend the period of loans worth $20 billion accorded neighbouring Dubai when it was hit by the global financial crisis in 2009.The government of Abu Dhabi agreed to roll over a loan of $10 b...

UAE telco du agrees terms on $720 million loan financing: Sources

UAE telecom firm du has agreed terms on a $720 million loan which will be used to replace two existing debt facilities and lower the company's funding costs, two banking sources said on Sunday.

Obama signs bipartisan student loan deal

Washington - On Friday, lawmakers from both parties were in the Oval Office, watching President Obama sign into law the "Bipartisan Student Loan Certainty Act of 2013", a bill designed to keep interest rates low for student loans.

Egypt's IMF loan request fraught with difficulties

Cairo - The Egyptian government formally requested a $4.8 billion loan from the International Monetary Fund (IMF) yesterday. The request was made during a visit by IMF chief, Christine Lagarde.

Octomom pitches payday loan service

Nadya Suleman, the octomom, had her house foreclosed on recently and now she has endorsed an instant payday loan service.

Berlin still haunted by 450-year-old debt

Berlin - The German capital city of Berlin still owes a small German town repayment from a loan dating back to 1562. The debt combined with interest amounts to a total of $136.79 million.

South Korea gives $80 million loan for Ethiopia-Sudan power plan

Addis Ababa - The South Korean government has approved an $80 million loan for Ethiopia that would finance the Ethiopia-Sudan electric power transmission line construction and expansion project. The deal is expected to be signed this week.

Op-Ed: Germany loans Libyan rebels €144 million — too little, too late?

Foreign Minister, Guido Westerwelle announced yesterday that Germany would be loaning the Libyan rebels 144 million Euros ($206 million) in aid for “ civil and humanitarian measures.”

China signs $700 million loan to Zimbabwe for agriculture, health

Harare - The government of China has loaned the Zimbabwe government nearly $700 million Monday. The money would go towards the agriculture and health sector. But Chinese Vice Premier Wang Qishan is urging Zimbabwe to respect Chinese businesses.

Tottenham Hotspur want David Beckham for loan move this week

Tottenham manager Harry Redknapp will attempt to bring former England captain David Beckham to the club for a three-month loan spell. The major league soccer season starts in the US on March 15 and Beckham himself is keen to continue playing.

Germany approves loan for Greece Special

Berlin - The German Parliament approved today the bailout funding of up to €22.4 billion ($28.3 billion) in emergency loans to Greece.

Annie Leibovitz images saved by new loan deal

Photographer Annie Leibovitz, who was to be sued by Art Capital Group and an Italian photographer, has had a slight reprieve. She has been given an extension to the time she has to pay the loan back.

China's stimulus plan raises concerns

Is China's over four trillion yuan's (US$586 billion) stimulus plan going to boost its domestic economy, or cause massive wastes? Maybe the latter, warned Zhou Xiaochua, chief of China's central bank.

Obama promises to help small businesses

President Barack Obama says help is on the way for small business owners who are hurting during the recession. The President called small businesses the "heart of the American economy."

From heart-broken to broke? Japan divorce loan helps

Japanese banks wants to help divorcees with special divorce loans to restart their life without any worries and don’t get themselves into too much debt early on after a divorce.
 

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Wonga provides short-term payday loans
Wonga provides short-term payday loans
Wonga
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German Parliament on vote
German Parliament on vote
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President Obama looking at a group of students  before he signs a new bill into law  keeping student...
President Obama looking at a group of students, before he signs a new bill into law, keeping student loan interest low.
Official White House Photo
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