Dive Insurance – Master Diver http://masterdiver.net/ Tue, 27 Sep 2022 11:50:10 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://masterdiver.net/wp-content/uploads/2021/06/icon-2-e1624424277963-150x150.png Dive Insurance – Master Diver http://masterdiver.net/ 32 32 These banks offer loans at cheap interest rates and discounts on purchases ahead of the holiday season https://masterdiver.net/these-banks-offer-loans-at-cheap-interest-rates-and-discounts-on-purchases-ahead-of-the-holiday-season/ Tue, 27 Sep 2022 11:50:10 +0000 https://masterdiver.net/these-banks-offer-loans-at-cheap-interest-rates-and-discounts-on-purchases-ahead-of-the-holiday-season/ Festive deal: As the holiday season approaches, several banks have started offering attractive discounts and loans at lower interest rates to attractive customers. This is what banks do to increase the availability of credit. Over the past few weeks, several banks have taken to the streets with a range of discounts on purchases ahead of […]]]>

Festive deal: As the holiday season approaches, several banks have started offering attractive discounts and loans at lower interest rates to attractive customers. This is what banks do to increase the availability of credit. Over the past few weeks, several banks have taken to the streets with a range of discounts on purchases ahead of the holiday season. These banks have mentioned on their official websites lucrative shopping offers and range of discounted banking products. Starting from State Bank of India, Punjab National Bank, ICICI Bank, Union Bank of India, Central Bank and SBI Card, these lenders are offering massive discounts to customers. Looked:Also Read – Navratri 2022: Special prayers mark the start of the festival at Vaishno Devi Shrine

National Bank of Punjab: The National Bank of Punjab, in an advertisement, said that customers who use digital channels to apply for a home loan will get a concession of 0.05% and for car loans it will be 0.1%. In addition, the PNB said it would not charge legal and appraisal fees on repossessing home loans from other banks and financial institutions. Also Read – Akasa Air adds Agartala and Guwahati to its network, additional daily flights on Bangalore-Chennai route

ICICI Bank: Recently, ICICI Bank announced the launch of “Festive Bonanza” with a wide variety of offers for customers. With these offers, customers can enjoy rebates and cashback of up to Rs 25,000 which can be used using the Bank’s credit/debit cards, internet banking, consumer credit and the EMI without a card. The banks also said the offers are available to customers in the form of EMI using the bank’s debit/credit cards. Also Read – SBI WhatsApp Banking: Here’s How to Check Account Balance, Other Details

ICICI Bank said it offers free on major brands like Apple, OnePlus, Samsung, Sony, LG and Voltas among others, this facility will be enabled at major retailers like Croma, Reliance Digital, Vijay Sales, Bajaj Electronics, etc

National Bank of India: Taking to Twitter, SBI said, “Celebrate the greatness of Navratri by making your wishes come true with SBI. Enjoy exclusive offers on Car Loans, Personal Loans and Gold Loans. Apply now on the YONO app or visit https://bank.sbi to learn more.

In its offers to clients, the SBI waived processing fees on loans. Now, to take a car loan, EMI starts from Rs 1,551 per lakh, EMI personal loan starts at Rs 1,868 per lakh and EMI gold loan starts at Rs 3,134 per lakh.

Central Bank of India: The Central Bank of India in a tweet said: “Realize your dreams this Navratri with our convenient and low interest loans.”

Union Bank of India: On its official website, Union Bank has stated: “Waiver of processing fees under the Union Home program (including redemption) and Union Miles for the period: 08.08.2022 to 31.01.2023”.

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The Car Loan Guide (2022) https://masterdiver.net/the-car-loan-guide-2022/ Thu, 22 Sep 2022 20:49:26 +0000 https://masterdiver.net/the-car-loan-guide-2022/ Loans to buy or refinance a new or used car are among the most common loans offered by financial institutions. Car loans usually come with much lower interest rates than other types of credit, such as credit cards and personal loans, because they are usually secured loans backed by the car they finance. In fact, […]]]>

Loans to buy or refinance a new or used car are among the most common loans offered by financial institutions. Car loans usually come with much lower interest rates than other types of credit, such as credit cards and personal loans, because they are usually secured loans backed by the car they finance.

In fact, APRs can go as low as 0%, but only for buyers with excellent credit. For borrowers with average or poor credit, interest rates can soar into the double digits. According to Q2 2022 State of the car finance market Experian report, the average auto loan rate is 4.33% for new car purchases and 8.62% for used vehicles.

Loan terms for auto finance typically range from 12 to 84 months, but most experts advise against 84 month car loan and long term. While these terms can be attractive to borrowers because they come with lower monthly payments, they also tend to come with higher interest rates and create a financial commitment that can extend beyond best years of a car.

Types of car loans

In the auto finance industry, borrowers have different circumstances and needs. As a result, lenders are offering alternative financing options to accommodate them. Many of these loan options are similar products with other names, but understanding their differences can help you have a clearer idea of ​​what to buy.

Purchase loans

A purchase loan is a loan for the purchase of a vehicle. In this category, there are three types of loans:

  • Loan for the purchase of a new car: This loan is used to purchase a new vehicle from an authorized dealer. New car loans usually come with lower rates than used car loans.
  • Loan for the purchase of a used car: This loan is intended for the purchase of a used vehicle from an authorized dealer. Many lenders charge higher interest rates for vehicles that are older or have more miles on the odometer.
  • Loan to an individual: This type of loan is used to purchase a vehicle from an individual rather than from a dealer. Many lenders do not offer private financing. Those who generally charge higher rates because these loans are considered a bit riskier than traditional purchase loans.

Rental loans

A lease is basically a rental contract for a car, except when the contract is over, you may have the option of buying the car. There are two types of leasing:

  • Rental agreement: A driver gets a car for a certain period of time, usually 24 to 36 months, with fixed monthly payments. The driver must return the vehicle at the end of the contract, but will often have the option of purchasing the vehicle at that time.
  • Lease buyout: A driver can get a lease to buy their leased vehicle at the end of the term if they choose to buy.

Refinance loans

When you refinance a car loan, you take out a new loan to pay off your existing loan. There are two main types of auto refinance loans:

  • Standard refinance: This is a loan that pays off your current loan, often with a different term, different interest rate, or both. If you can get a lower price auto loan refinance rate or accept higher monthly payments with a shorter term, you can reduce the amount you pay in interest. You can also get lower monthly car payments by extending your term, but this will increase the total amount you pay in interest.
  • Refinancing by collection: With this type of loan, you withdraw equity from your vehicle in the form of cash when you refinance. This increases your LTV ratio and generally extends the term of your loan.

Where to find auto loans

Car loans are popular financial products, so you can find them virtually anywhere. Loan options have different features and benefits that may appeal to different borrowers.

Banks

Physical banks are still popular choices for auto financing. Traditional banks generally offer competitive rates, but they may have stricter loan requirements than other options. Many banks offer discounts to people who have other accounts with the company, such as checking accounts, savings accounts, or credit cards.

credit unions

Credit unions are similar to banks, but are member-owned organizations rather than for-profit commercial financial institutions. These organizations often have more lenient loan requirements than banks and may have lower interest rates. Most credit unions require membership, but many allow you to sign up for a small donation to the credit union or charity.

Dealers

Car dealerships often have in-house financing options that may offer lower interest rates than some banks and credit unions. The larger brand name dealers may even offer April 0% Car Deals on new vehicles to buyers with excellent credit.

Independent dealers, sometimes referred to as buy here, pay here (BHPH) dealers, may also have their own financing options. Although these auto loans may be available to borrowers with bad credit, many of them come with exorbitant interest rates. It is also common for BHPH dealerships to install tracking devices on the vehicles they finance and charge for this service.

Online lenders

At a time when people buy virtually everything online, car loans are also widely available on the internet. Some of these online companies are bank-backed direct lenders, while others are loan brokers who find financing options for you. And some are lending marketplaces that allow you to post your needs and information online and wait for lenders to send you offers.

The online loan made it easy to compare loan offers. Applying online can be a quick and easy process. You can even get offers or approval in minutes or even instantly.

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Cotton unveils bill to cut college tuition and reform student loans https://masterdiver.net/cotton-unveils-bill-to-cut-college-tuition-and-reform-student-loans/ Tue, 20 Sep 2022 18:58:24 +0000 https://masterdiver.net/cotton-unveils-bill-to-cut-college-tuition-and-reform-student-loans/ FOR IMMEDIATE RELEASE Contact: Caroline Tabler Where James Arnold (202) 224-2353 September 20, 2022 washington d.c. – Sen. Tom Cotton (R-Arkansas) today introduced the Student Loan Reform Act of 2022, a bill that will lower tuition costs by holding colleges financially responsible for the loans they encourage students to take out. Specifically, the bill requires […]]]>

FOR IMMEDIATE RELEASE

Contact: Caroline Tabler Where James Arnold (202) 224-2353

September 20, 2022

washington d.c. – Sen. Tom Cotton (R-Arkansas) today introduced the Student Loan Reform Act of 2022, a bill that will lower tuition costs by holding colleges financially responsible for the loans they encourage students to take out.

Specifically, the bill requires colleges to become guarantors of up to 50% of future federal student loans and imposes fines on colleges of 25% of the value of future defaulted loans. This will force colleges to have a financial stake in the success of their students, giving them a strong incentive to offer useful and reasonably priced degree programs.

The bill will also require any university charging more than $20,000 a year for undergraduate tuition to phase out 50% of its administrative staff to qualify for future student loans. The invoice text is here.

“America has a student loan problem. But that’s not the problem Joe Biden wants you to believe. The real problem with student debt today is that the cost of tuition has skyrocketed, but the value of a college degree has dropped.Worst of all is that the federal government has created this problem by writing blank checks to colleges, with little effort to control the cost or quality of education My Student Loan Reform Act of 2022 would end this academic golden age, reduce tuition fees, and give colleges a much-needed reality check,” wrote Cotton.

A brief overview of the bill is below.

Background:

· The federal student loan program has prompted colleges to raise tuition fees and students to go into unsustainable debt.

· Higher education bureaucracy grew by 616% from 1976 to 2018, compared to just a 78% increase in student enrollment.

· Student loan debt has reached a staggering $1.7 trillion, posing a huge risk to taxpayers, while colleges have suffered no consequences if their graduates fail to repay their loans.

The bill would be:

·
Require any university with undergraduate tuition over $20,000 to phase out up to 50% of its administrative staff to qualify for future student loans, excluding religious colleges and medical schools

·
Require the wealthiest private colleges to distribute at least five percent of their endowment to support their educational mission per year or risk a penalty

·
Penalize universities up to 25% of a borrower’s loan for each of their student loan defaulters

·
Require universities to act as a loan guarantor for up to 50% of any future federal student loans

·
Place a 20% luxury tax on annual undergraduate tuition fees over $40,000, with funds raised to be used for manpower training, excluding religious colleges and colleges of medicine

·
Eliminate Plus loans, except for medical and dental students and parents of undergraduates, who would have loans capped at one loan of $10,000 per year

·
Require universities to implement admissions and hiring policies that protect political and ideological diversity on campus

·
Prohibit universities from soliciting FASFA documents from families who choose not to use financial aid

·
Levy a 1% tax on the fair market value of endowments held by the wealthiest private colleges. The tax would apply to private colleges that 1) have more than 500 full-time enrolled students, 2) have endowments worth more than $2.5 billion and $500,000 per full-time enrolled student, 3 ) do not have a religious mission.

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Low interest loans available after storms in WVa https://masterdiver.net/low-interest-loans-available-after-storms-in-wva/ Mon, 19 Sep 2022 08:10:00 +0000 https://masterdiver.net/low-interest-loans-available-after-storms-in-wva/ HUNTINGTON, W.Va. (AP) — Low-interest disaster loans are available for businesses and people affected by severe storms and flooding in West Virginia last spring, the US said. Small Business Administration. The statement covers Cabell County and the adjacent counties of Lincoln, Mason, Putnam and Wayne in West Virginia and Gallia and Lawrence in Ohio, the […]]]>

HUNTINGTON, W.Va. (AP) — Low-interest disaster loans are available for businesses and people affected by severe storms and flooding in West Virginia last spring, the US said. Small Business Administration.

The statement covers Cabell County and the adjacent counties of Lincoln, Mason, Putnam and Wayne in West Virginia and Gallia and Lawrence in Ohio, the agency said in a news release.

The thunderstorms occurred on May 6.

The SBA will have an outreach center open in Huntington through September 29. It will be open 8 a.m. to 5 p.m. Monday through Friday and 10 a.m. to 2 p.m. Saturday.

Up to $2 million can be borrowed by businesses and private nonprofit organizations to repair or replace real estate, machinery and equipment, inventory and other business assets damaged or destroyed by the disaster, the agency said. ‘agency.

political cartoons

Other aid is also available for small businesses, landlords and tenants, the agency said.

More information is available at (800) 659-2955. The filing deadline for material property damage is November 14 and for economic damage is June 15.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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House to vote on bill to split joint student loans https://masterdiver.net/house-to-vote-on-bill-to-split-joint-student-loans/ Sat, 17 Sep 2022 19:00:00 +0000 https://masterdiver.net/house-to-vote-on-bill-to-split-joint-student-loans/ A short-lived federal program to combine married couples’ student loans has trapped dozens of borrowers into loans ineligible for debt relief initiatives, including President Biden’s recent announcement loan cancellation plan. Now, House Democrats are poised to pass legislation allowing borrowers to split their joint consolidation loans, giving them a new path to debt relief. The […]]]>

A short-lived federal program to combine married couples’ student loans has trapped dozens of borrowers into loans ineligible for debt relief initiatives, including President Biden’s recent announcement loan cancellation plan.

Now, House Democrats are poised to pass legislation allowing borrowers to split their joint consolidation loans, giving them a new path to debt relief. The House is due to vote Tuesday on the Joint Consolidation Loan Separation Act, which was approved by the Senate in June.

Sen. Mark R. Warner (D-Va.) and Rep. David E. Price (DN.C.) have introduced the bill three times since 2017. Although they have garnered bipartisan support over the years, some Republicans were concerned about allowing the Department of Education to break a contract based on the word of one of the spouses without any legal documentation to back up their claims of abuse or neglect.

“We have some opposition, but it’s basically a bipartisan, bicameral bill and it’s satisfying to craft it on that basis,” Price said Friday. “It’s kind of an object lesson in how hard it is to do things that seem fairly obvious, and this one has always seemed obvious to me.”

Price and Warner broached the issue several years ago after separate meetings with voters desperate to disentangle their student loans from those of their former partners. Warner said he was contacted by a mother of two in McLean, Va., whose abusive ex-husband refused to pay her share of their joint loan, leaving her at risk of having her wages garnished while she was struggling to keep up with the payments.

Who is eligible for the new Federal Student Loan Forgiveness Plan?

For Price, the issue became a priority around 2014 after hearing from people who were also stuck in loans with abusive or irresponsible partners without any recourse. “We’ve heard of cases of domestic violence that have not only made reconciliation impossible, but also joint responsibility for those bonds,” Price said. “The consequences have been severe, people’s credit being ruined, wages being seized.”

More than 14,700 people combined their debts through the spousal consolidation program between 1993 and 2006, according to federal data obtained by the Student Borrower Protection Center. The couples agreed to be held equally responsible for each other’s student debt in exchange for a one-time payment and a lower interest rate.

The program’s shortcomings became apparent when borrowers realized there was no way to break joint debt, even in cases of domestic violence or divorce. Congress ended spousal consolidations in 2006, but failed to provide people with a way out of the program. Although many loans have been paid off over time, there are still about 770 loans left, according to federal data.

“There aren’t enough of us to impact an election, so there hasn’t been a lot of political motivation to do anything,” said Lori Klein, 58, a single mother of two in Raleigh. , North Carolina, who added, “Anyone can see how crazy this situation is. She’s been struggling to repay a loan to her husband for she said her husband abandoned the family and moved to Turkey in 2006.

At the time, Klein was a stay-at-home mom with no source of income, $300 in savings, and $68,000 in joint student loans. Her husband did not make any payment or provide alimony. Klein postponed her loan repayments as she tried to keep the family afloat. Accrued interest has brought the balance to over $205,000 to date.

People with student loans from the old federal program seek relief

“It was a blessing to get out of the relationship and not see my kids grow up with someone like my ex-husband, but this debt has been a dark cloud that has weighed on me for years,” she said. . “If I can get it under control, I could save aggressively for retirement.”

If the legislation is approved and signed into law, borrowers like Klein could split their loans based on the initial proportion they contributed. Since her student loans were approximately 58% of the original obligation, she would only be liable for that amount.

Under the bill, the two new federal direct loans would have the same interest rates as the joint consolidation loan. Each borrower could also transfer eligible payments made on the joint loan to the Civil Service Loan Forgiveness Program, which clears civil servants’ balances after 10 years of payments and service.

That last perk is particularly appealing to Michelle Gladu, a social worker in Syracuse, NY, with $50,000 in student debt. Gladu, 55, discovered the limitations of spousal consolidation last year when she tried to take advantage of a temporary loan forgiveness program extension.

Gladu had heard of people with loans from the former Federal Family Education Loan Program consolidating their debt to take advantage of a waiver temporarily expanding access to the Civil Service Loan Forgiveness Program. But she learned that she could not re-consolidate her joint loan to do the same.

“Being able to separate loans would mean I could ‘apply for the Public Service Loan Forgiveness Program’ or even the other recently announced Biden pardon,” said Gladu, who has worked in the public sector for more than 20 years. . “Not having that debt would be a big help as my husband and I get older.”

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MFIs Accept Low Interest Relocation Loans in Run Ta Ek Area https://masterdiver.net/mfis-accept-low-interest-relocation-loans-in-run-ta-ek-area/ Thu, 15 Sep 2022 03:25:56 +0000 https://masterdiver.net/mfis-accept-low-interest-relocation-loans-in-run-ta-ek-area/ An aerial view of the Run Ta Ek area, where around 6,000 households living in or near the Angkor Archaeological Park are expected to relocate, as seen on September 13. The area is located in the commune of the same name in Banteay Srei, province of Siem Reap district. MPS The Cambodian Microfinance Association (CMA) […]]]>

An aerial view of the Run Ta Ek area, where around 6,000 households living in or near the Angkor Archaeological Park are expected to relocate, as seen on September 13. The area is located in the commune of the same name in Banteay Srei, province of Siem Reap district. MPS

The Cambodian Microfinance Association (CMA) has agreed to provide loans with below-market interest rates to residents of UNESCO lands around the Angkor temples in Siem Reap province who voluntarily relocate in the Run Ta Ek area about 20 km northeast of Angkor Wat.

This follows a request by Prime Minister Hun Sen on September 13 asking microfinance institutions (MFIs) to offer such loans, potentially with additional favorable terms, to those who have settled in the area, in the commune of Run Ta Ek from Banteay Srei district. .

The CMA said in a September 14 press release that it “would like to encourage all members of the association operating [nearby] facilitate the provision of new loans on convenient and favorable terms to people who have settled in the Run Ta Ek eco-village at the request of the Royal Government.

“This gesture is the participation of the microfinance sector with the Royal Government in the [interest of maintenance] and the conservation of the Angkor Archaeological Park, a World Heritage Site,” he said.

CMA President Sok Voeun said his association held a meeting with members at the request of the prime minister. “All of our members have accepted the Prime Minister’s request to provide loans at below market interest rates and on reasonable terms to the residents of Run Ta Ek Eco-Village.

“But we will assess the amount of the loan based on the actual repayment capacity of the people who have actually settled there, as well as their income stream.[s],” he said. “We will not give any loan that does not help people, but [instead] give them an additional burden, so we have our officials to assess the real situation.

Voeun, who is also CEO of Sri Lankan company LOLC (Cambodia) Plc, said he had a meeting on September 14 with the regional manager of Siem Reap to provide guidelines which he said aligns with the rules of the association.

“I have just given policy guidance to our branch managers and staff in Siem Reap to work on loans with favorable rates and easing requirements,” he said, reiterating that loan sizes will be based on appraisals.

CMA spokesperson Kaing Tongngy told the Post that the association believes the upcoming specials will improve the livelihoods of those moving to the Run Ta Ek area, “as they may have financial resources to start new businesses and renovate their homes or [build] the news”.

He said the AMC is in talks with members on detailed guidelines and that those operating in and near the area “have accepted the commitment”.

However, like Voeun, Tongngy pointed out that “we cannot set a fixed interest rate, because the rates are based on loan size, loan term and many other conditions.”

The relocation operation to the areas of Run Ta Ek and Peak Sneng – and potentially other areas to be determined – comprises 93,351 plots representing a total of 10,945 ha, located in 114 target villages of 24 communes, in the provincial town of Siem Reap and four districts, according to the Ministry of Land Use Planning, Town Planning and Construction.

Since last month, a total of 1,117 households living in the park have randomly drawn lots to move to the new location. According to Hun Sen, the area is expected to eventually accommodate up to 6,000 households from the Angkor Conservation Area.

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China has provided billions in secret ’emergency loans’ to vulnerable countries https://masterdiver.net/china-has-provided-billions-in-secret-emergency-loans-to-vulnerable-countries/ Mon, 12 Sep 2022 19:16:00 +0000 https://masterdiver.net/china-has-provided-billions-in-secret-emergency-loans-to-vulnerable-countries/ In recent years, China has disbursed tens of billions in opaque ’emergency loans’ to at-risk countries, indicating a shift towards providing short-term emergency loans rather than infrastructure loans. longer term. Since 2017, Beijing has provided $32.8 billion in group emergency loans to Sri Lanka, Pakistan and Argentina, according to AidData, a William & Mary University […]]]>

In recent years, China has disbursed tens of billions in opaque ’emergency loans’ to at-risk countries, indicating a shift towards providing short-term emergency loans rather than infrastructure loans. longer term.

Since 2017, Beijing has provided $32.8 billion in group emergency loans to Sri Lanka, Pakistan and Argentina, according to AidData, a William & Mary University research lab that focuses on activities. global financing from China.

China has also offered emergency loans to Eastern European countries, Ukraine and Belarus; South American countries, Venezuela and Ecuador; the African nations of Kenya and Angola; alongside Laos, Egypt and Mongolia. China’s overseas lending and credit relationships remain “unusually opaque”, according to World Bank researchers. “Chinese lenders demand strict confidentiality from their debtors and do not publish granular breakdowns of their loans,” they wrote.

But the researchers found that the bulk of Chinese lending abroad – about 60% – is now going to low-income countries that are currently mired in over-indebtedness or at high risk. Beijing’s pivot to short-term bailout loans highlights its growing role as an emergency lender of last resort, making it an alternative to the Western-backed International Monetary Fund (IMF).

Experts worry about what’s next, as many countries that have borrowed from China are facing an extraordinary debt crisis in an era of inflation and climate change. For example, a Pakistani official said last week that the epic floods that covered most of the South Asian country will cost more than $10 billion.

Secret loans

Beijing’s emergency loans to at-risk countries were aimed at avoiding defaults on infrastructure loans issued through the BRI, according to a FinancialTimes report.

“Beijing has tried to keep these countries afloat by providing emergency loan after emergency loan without asking its borrowers to restore economic policy discipline or pursue debt relief through a coordinated restructuring process. with all major creditors,” said Bradley Parks, chief executive of AidData. FT.

Emerging economies in Asia, Africa and the Middle East are struggling to repay their BRI loans. The COVID-19 pandemic and Russia’s war on Ukraine have exacerbated these countries’ food and fuel shortages and balance-of-payments crises. Nearly 70% of the world’s poorest countries will distribute 52.8 billion dollars this year to repay their debts, of which more than a quarter will go to China.

This means that China has become the most important official player in global sovereign debt renegotiations, according to World Bank researchers. But because Chinese lenders demand strict confidentiality from their debtors and do not publish a granular breakdown of their loans, there is a gaping knowledge gap about what happens to Chinese claims in the event of over-indebtedness and default. of payment, they wrote.

IMF Alternative

Gabriel Sterne, a former IMF economist and current head of global emerging markets and strategy research at Oxford Economics, told the FT that China’s emergency loans only “delay the day of reckoning” for indebted countries that might seek Chinese loans and avoid the IMF, the latter “demanding painful reform”.

Over the past two weeks, China and the IMF have signed or moved closer to bailout deals for Sri Lanka, Pakistan and other countries. Beijing, meanwhile, has pledged to cancel 23 interest-free loans to 17 African countries and will redirect $10 billion of its IMF reserves to the continent.

There are now signs that the IMF is pushing for full transparency from vulnerable nations to receive funding. AidData’s Parks told the South China Morning Post last month that the IMF pressured borrowers to disclose details of their BIS loan contract.

The IMF has “focused on cash collateral clauses in BIS loan contracts that give China a senior claim on foreign currencies in borrowing countries,” Parks said.

Some countries are already complying with the stricter lending conditions. Pakistan, for example, has “shared details with the IMF…in consultation with the Chinese side,” said Muhammad Faisal, a researcher at the Institute for Strategic Studies in Islamabad. SCMP.

Yet World Bank researchers predict that China’s appetite for overseas financing, lending and debt relief is likely to decline as Chinese lenders come under pressure at home and abroad. ‘foreign. Emerging economies risk a “sudden halt” in Chinese lending, which could have “substantial” ripple effects around the world.

[This report was updated to include a final paragraph on World Bank researchers’ predictions.]

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Carroll County Commissioners Award $750,000 in Loans to Taneytown and Lineboro Fire Companies for New Vehicles – Baltimore Sun https://masterdiver.net/carroll-county-commissioners-award-750000-in-loans-to-taneytown-and-lineboro-fire-companies-for-new-vehicles-baltimore-sun/ Sat, 10 Sep 2022 13:55:31 +0000 https://masterdiver.net/carroll-county-commissioners-award-750000-in-loans-to-taneytown-and-lineboro-fire-companies-for-new-vehicles-baltimore-sun/ The Taneytown and Lineboro Volunteer Fire Companies have a little more money in the bank to purchase new equipment, thanks to the Carroll County Board of Commissioners. The commissioners unanimously approved low-interest loans to each business for a total of $750,000, at a meeting Thursday. The Taneytown Volunteer Fire Company received a $400,000 loan from […]]]>

The Taneytown and Lineboro Volunteer Fire Companies have a little more money in the bank to purchase new equipment, thanks to the Carroll County Board of Commissioners.

The commissioners unanimously approved low-interest loans to each business for a total of $750,000, at a meeting Thursday.

The Taneytown Volunteer Fire Company received a $400,000 loan from the county to fund part of the purchase of a new Seagrave Engine Tanker, while the Lineboro Volunteer Fire Company received a $350,000 loan to purchase a new ambulance.

Jennifer Hobbs, county comptroller, said the loans allow fire companies to take advantage of the county’s funding program and earn a low interest rate.

The current interest rate is 1.56%, based on the county’s November 2021 bond issuance, but the final loan interest rate will be determined once the bonds are issued, Hobbs said.

Loan repayment terms for both companies will be seven years and the county will hold a mortgage lien on the purchased equipment, Hobbs said. The Taneytown Company has no outstanding loans with the County, but the Lineboro Company has three outstanding loans with the County totaling $1,492,112.

Lineboro is up to date with all of its payments to the county, Hobbs said.

Commissioner Eric Bouchat, a Republican who represents District 4, asked Hobbs how comfortable she was with adding the Lineboro company to her debt to the county.

“I’m comfortable,” she said. “I looked at their financial statements. I think they are sufficient.

Nathan Saurusaits, Lineboro’s EMS captain, said the order for the new ambulance has already been placed.

“We expect delivery around March 2023,” he said. “So it’s already in production.”

James Parker, treasurer of the Taneytown Volunteer Fire Company, said the company was replacing a 22-year-old motor tanker, the 54 motor, with a new tanker, used primarily to haul thousands of gallons of water and equipment for fighting fires.

“It’s basically what we need to replace what we have,” he said.

The actual cost of the new motor tanker is $900,000, so the fire company will need to fund $500,000 of the purchase price. Parker said the society will use proceeds from its annual carnival and hold other fundraisers. Once the order was placed, Parker said it would take two years for the tanker to arrive in Taneytown.

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Taneytown also has a six-person rescue truck, 500-gallon motor truck, eight-person ladder truck, two-person brush truck, five-person utility truck. people, a service truck and two ambulances.

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PIDA approves 3 new loans to support business growth https://masterdiver.net/pida-approves-3-new-loans-to-support-business-growth/ Fri, 09 Sep 2022 21:05:33 +0000 https://masterdiver.net/pida-approves-3-new-loans-to-support-business-growth/ © Shutterstock The Pennsylvania Industrial Development Authority (PIDA) recently approved three new low-interest loans to support growing businesses in three counties. Plum Creek Farm in Berks County, through the Greater Berks Development Fund, has received $400,000 loan approval to build a 4,800 square foot pretzel manufacturing plant . The project will cost $1.07 million and […]]]>

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The Pennsylvania Industrial Development Authority (PIDA) recently approved three new low-interest loans to support growing businesses in three counties.

Plum Creek Farm in Berks County, through the Greater Berks Development Fund, has received $400,000 loan approval to build a 4,800 square foot pretzel manufacturing plant . The project will cost $1.07 million and will create 15 full-time jobs within three years while retaining 16 positions.

Gibson-Thomas Engineering Co. in Fayette County, through Southwestern Pennsylvania Corp., secured a $270,000 loan to purchase a 10,994 square foot office building.
The project will cost $600,000 and will create seven full-time jobs within three years while maintaining seven positions.

Superior Fine Grind in Westmoreland County, through Southwestern Pennsylvania Corp., secured a $391,480 loan to construct a 7,700 square foot building. The project will cost $869,955 and will create six full-time jobs within three years while maintaining five positions.

“Ensuring Commonwealth businesses have the ability to grow and develop is vital to our economy, our communities and our livelihoods,” Governor Tom Wolf said. “The PIDA loans approved today will provide the resources these businesses need to continue to be successful here in Pennsylvania.”

PIDA has approved $400.6 million in low-interest loans since 2015, including $38.8 million this year.

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Good News: Private Student Loan Interest Rates Drop Slightly for 10-Year Fixed Rate Loans https://masterdiver.net/good-news-private-student-loan-interest-rates-drop-slightly-for-10-year-fixed-rate-loans/ Wed, 07 Sep 2022 18:52:04 +0000 https://masterdiver.net/good-news-private-student-loan-interest-rates-drop-slightly-for-10-year-fixed-rate-loans/ Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own. Credible Market’s latest private student loan interest […]]]>

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own.

Credible Market’s latest private student loan interest rates, updated weekly. (iStock)

During the week of August 29, 2022, average private student loan rates fell for borrowers with credit scores of 720 or higher who used the Credible Marketplace to take out 10-year fixed rate loans, while rates have increased for 5-year variable rate loans. rate loans.

  • 10-year fixed rate: 7.30%, compared to 7.42% the previous week, -0.12
  • 5-year variable rate: 5.12%, compared to 4.56% the previous week, +0.56

With Credible, you can compare private student loan rates from multiple lenders without affecting your credit score.

After trending down for three straight weeks, private student loan interest rates are back on 5-year variable rate loans. At the same time, rates on 10-year fixed-rate loans fell slightly. 5-year loans rose more than half a point, while 10-year rates fell a mere 0.12%. Rates for both loan terms are higher than they were at the same time last year.

Still, it should be noted that borrowers with good credit may find a lower rate with a private student loan than with some federal loans. For the 2022-23 school year, federal student loan rates will range from 4.99% to 7.54%. Private student loan rates for borrowers with good to excellent credit are currently lower.

Since federal loans come with certain benefits, like access to income-driven repayment plans, you should always exhaust federal student loan options before turning to private student loans to cover any funding shortfalls. Private lenders such as banks, credit unions, and online lenders offer private student loans. You can use private loans to pay for education and living expenses, which may not be covered by your federal student loans.

Private student loan interest rates and terms may vary depending on your financial situation, credit history and the lender you choose.

Take a look at the rates from Credible Partner Lenders for borrowers who used the Credible Marketplace to select a lender during the week of August 29:

Private student loan rates (diploma and undergraduate)

Student Loan Weekly Rate Trends

Who sets federal and private interest rates?

Congress sets interest rates for federal student loans each year. These fixed interest rates depend on the type of federal loan you take out, your dependent status, and your school year.

Private student loan interest rates can be fixed or variable and depend on your credit, repayment term and other factors. Generally, the better your credit score, the lower your interest rate is likely to be.

You can compare rates from multiple student lenders using Credible.

How does student loan interest work?

An interest rate is a percentage of the loan periodically added to your balance – essentially the cost of borrowing money. Interest is a way lenders make money from loans. Your monthly payment often pays interest first, with the rest going to the amount you originally borrowed (the principal).

Getting a low interest rate could help you save money over the life of the loan and pay off your debt faster.

What is a fixed rate or variable rate loan?

Here is the difference between a fixed rate and a variable rate:

  • With a fixed rate, your monthly payment amount will remain the same for the duration of your loan.
  • With a floating rate, your payments can go up or down as interest rates change.

Comparing private student loan rates is easy when you use Credible.

Calculate your savings

Using a student loan interest calculator will help you estimate your monthly payments and the total amount you will owe over the term of your federal or private student loans.

Once you’ve entered your information, you’ll be able to see what your estimated monthly payment will be, the total you’ll pay in interest over the term of the loan, and the total amount you’ll repay.

About Credible

Credible is a multi-lender marketplace that allows consumers to discover the financial products best suited to their particular situation. Credible’s integrations with major lenders and credit bureaus allow consumers to quickly compare accurate and personalized loan options without putting their personal information at risk or affecting their credit score. The Credible Marketplace delivers an unparalleled customer experience, as evidenced by over 4,300 positive Trustpilot reviews and a TrustScore of 4.7/5.

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