Hamline Restoration – Hamline Midway History http://hamlinemidwayhistory.org/ Sat, 25 Jun 2022 00:06:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://hamlinemidwayhistory.org/wp-content/uploads/2021/08/hamline-midway-history-icon-150x150.jpg Hamline Restoration – Hamline Midway History http://hamlinemidwayhistory.org/ 32 32 Telangana gets RBI nod for market loans, with runners | Hyderabad News https://hamlinemidwayhistory.org/telangana-gets-rbi-nod-for-market-loans-with-runners-hyderabad-news/ Sat, 25 Jun 2022 00:06:00 +0000 https://hamlinemidwayhistory.org/telangana-gets-rbi-nod-for-market-loans-with-runners-hyderabad-news/ Currently, state government shares will bear interest at auction rates determined by the RBI. HYDERABAD: After months of talks with the Union Ministry of Finance, Telangana got clearance from RBI for open market borrowing in the third month of this fiscal year, Sribala Vadlapatla reports. The RBI gave the green signal for off-budget borrowing, but […]]]>
Currently, state government shares will bear interest at auction rates determined by the RBI.

HYDERABAD: After months of talks with the Union Ministry of Finance, Telangana got clearance from RBI for open market borrowing in the third month of this fiscal year, Sribala Vadlapatla reports. The RBI gave the green signal for off-budget borrowing, but only for the first two quarters and not exceeding Rs 20,000 crore.
Market loans: Telangana gets RBI nod with thin window
After months of strenuous discussions with the Union Finance Ministry, even citing the amended FRBM rules, Telangana finally got regular clearance from RBI for open market borrowing in the third month of this fiscal year, although only with a reduced lending window.
The Union Finance Ministry has given the green signal for off-budget borrowing, but only for the first two quarters, and not exceeding Rs 20,000 crore. Earlier this month, Telangana secured ad hoc clearance to raise Rs 4,000 crore from the market. “This corpus will form part of the total of Rs 20,000 crore, which the state can borrow in the first two quarters of this financial year, leaving time until September to raise the remaining Rs 16,000 crore,” a source said. highly placed to YOU.
On Friday, Telangana used this regular permission to retain a loan withdrawal of Rs 1,000 crore for a repayment period of 12 years at the apex bank. Andhra Pradesh, Assam, Gujarat, Haryana, Madhya Pradesh, Rajasthan, Tamil Nadu and West Bengal will participate in the auction early next week, where the total borrowings of these States is set at Rs 19,000 crore.
The state government had proposed to borrow around Rs 53,000 crore from the market in the financial year 2022-23. Sources said the Union Finance Ministry may open a second window to allow borrowings of Rs 20,000 crore for the last two quarters depending on Telangana’s income during those months.
In addition, a cap of Rs 7,000 to 10,000 crores may be imposed on the state, preventing it from utilizing the entire loan offered in the current window. “The state government has provided sufficient data on its debt burden to the Union Ministry of Finance and the proposed reduction in the lending window will be implemented in installments,” sources said.
Telangana raised Rs 43,784 crore on the open market in the auction conducted by the apex bank in the last financial year. Currently, state government shares will bear interest at auction rates determined by the RBI.

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How Fraudsters Can Use Stolen Identities for Ghost Loans and Mule Accounts https://hamlinemidwayhistory.org/how-fraudsters-can-use-stolen-identities-for-ghost-loans-and-mule-accounts/ Thu, 23 Jun 2022 04:24:28 +0000 https://hamlinemidwayhistory.org/how-fraudsters-can-use-stolen-identities-for-ghost-loans-and-mule-accounts/ As careful as we are, we end up leaving traces on the internet as in the physical world. Representative image. Reuters There’s no denying that our digital economy has taken off massively over the past two years. Over 80% of Indians now have a bank account. This is the very reason why we can make […]]]>

As careful as we are, we end up leaving traces on the internet as in the physical world.

Representative image. Reuters

There’s no denying that our digital economy has taken off massively over the past two years. Over 80% of Indians now have a bank account. This is the very reason why we can make payments online almost anywhere we want, whether it’s on Amazon or your rickshaw wala.

Market regulators like the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) have moved quickly to spur this growth by enabling new digital modes of customer onboarding.

On the other hand, it also means that scenarios like waking up with a loan you never applied for are possible. These result from the digitization of processes, and therefore of our identities. Or rather the lax treatment of our identities, allowing fraudsters to access them and commit identity theft.

Identity theft occurs when someone steals your identity and impersonates you to commit a financial crime, such as applying for credit or opening bank accounts. Here are some of the most common ways your stolen identities are used:

Ghost loans: Ghost loans are loans taken out by fraudsters using stolen identities with no intention of repaying. Let’s see how fraudsters can use them on your behalf using stolen documents.

In order to verify your credentials, a typical KYC process checks three things: proof of identity (POI), proof of address (POA), and photo proof.

Lending companies ask you to present your PAN card as proof of identity. This is to confirm that you are who you say you are. Let’s say the scammers manage to get a copy of your PAN card. They then replace your photo on the PAN with their own using sophisticated software.

These cleverly falsified documents tend to go undetected in cases where the verification process is highly manual in nature. Similarly, scammers also falsify the photo on proof of address such as your Aadhaar card or driver’s license.

Photographic evidence is required to confirm if it is the same person applying for the loan as the one whose documents are being submitted. Having already falsified POI and POA documents, fraudsters willingly submit their own photo as part of this last step.

Buy Now Paid Apps Later

Most Buy Now Pay Later (BNPL) companies only need a PAN card and a selfie for KYC purposes. Here, instead of tampering with the photo, the scammers simply submit the stolen PAN card as it is. Indeed, the only level of authentication here is a facial comparison check between the photo on the PAN card and the selfie.

Upon submitting the selfie, the scammers will scour your social media profiles to find an image that looks like a selfie. Now, if the underlying facial recognition solutions aren’t sophisticated enough, some attempts end in success. And now you have a BNPL account in your name without your knowledge.

Mule accounts

Another way to misuse your stolen documents is to open bank accounts in your name. These accounts are called “mule accounts”. They are usually used as springboards to transfer money from criminal activities.

Remember all those times you would go to your local stationery store to have your documents photocopied? Chances are your sensitive information has been saved on their machines. People with malicious intentions can use it to open bank accounts using offline channels.

This type of scam usually occurs during the month-end period when bank branches are already overloaded with work to achieve their goals. Fraudsters simply show up and submit the required documents to open a normal savings account. These documents are manipulated in such a way that the photo they contain is sufficiently blurred to avoid any suspicion. The month-end frenzy allows them to escape closer scrutiny from bank clerks.

A constant risk

As we can see, it is surprisingly easy to have your identity stolen and used fraudulently in the digital world. As careful as we are, we end up leaving traces on the internet as well as in the physical world. If our identity hasn’t been compromised so far, it’s not so much about being safe as about being lucky. Ultimately, life really is a game of chance.

The author is product manager, IDfy. Views are personal.

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Estateguru announced the financing of loans worth 100 million euros in Lithuania https://hamlinemidwayhistory.org/estateguru-announced-the-financing-of-loans-worth-100-million-euros-in-lithuania/ Tue, 21 Jun 2022 08:56:35 +0000 https://hamlinemidwayhistory.org/estateguru-announced-the-financing-of-loans-worth-100-million-euros-in-lithuania/ Estateguru announced the financing of loans worth 100 million euros in Lithuania By Joy Dumasia Today Digital loan Digital Loans EIF real estate guruleading real estate financing and investment platform in Europe, financed loans of up to €100 million in Lithuania and €580 million across the group. Lithuania followed Estonia and Latvia as the third […]]]>

Estateguru announced the financing of loans worth 100 million euros in Lithuania

By Joy Dumasia

Today

  • Digital loan
  • Digital Loans
  • EIF

real estate guruleading real estate financing and investment platform in Europe, financed loans of up to €100 million in Lithuania and €580 million across the group.

Lithuania followed Estonia and Latvia as the third market, where Estateguru successfully started operating in 2017. Two years later, Estateguru was officially listed as a crowdfunding operator in Lithuania by the Bank of Lithuania. In the five years following the launch of its operations in the country, Estateguru has financed 298 projects for an amount of 100 million euros. Estateguru has 7125 investors with an average historical invested amount of €15276 in Lithuania.

Arturas Konusevicius, Country Manager of Estateguru for Lithuania, commented: “Although we started out as a very focused local player, we see that the business ambitions of our local entrepreneurs have become more international over time, and we see that our business model can really favor their businesses. Estateguru will be happy to guide you and help you find both suitable partners and financing. I am proud of our accomplishments here and of the highly professional team we have built. We have witnessed very high engagement and confidence from our investors, according to the results of our investor survey conducted in May this year. »

Marek Pärtel, co-founder and president by Estateguru, said, “Lithuania is one of Estateguru Group’s most successful countries of operation, delivering consistent double-digit returns to our investors since our launch in 2017. Lithuania is a booming FinTech hub with a enormous growth potential. Institutions would benefit from exposure to this jurisdiction by joining our Senior Secured Credit Fund, of which the European Investment Fund (EIF) is a key investor. Our strong first quarter results and the record level of assets under management demonstrate that, even in a difficult environment, the demand for alternative financing remains unchanged. Now more than ever, SMEs across Europe are looking for flexible financing options and reliable partners who understand the specifics of the real estate industry.

Recently, IBS Intelligence reported that Estateguru, a real estate finance and investment platform in Europe, announced a funding round on Seedrs up to a maximum value of 3 million euros to support growth and development plans. intensive expansion.

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Israeli lawmaker calls for bigger mortgages as homebuyer prices drop https://hamlinemidwayhistory.org/israeli-lawmaker-calls-for-bigger-mortgages-as-homebuyer-prices-drop/ Sun, 19 Jun 2022 15:06:00 +0000 https://hamlinemidwayhistory.org/israeli-lawmaker-calls-for-bigger-mortgages-as-homebuyer-prices-drop/ A general view of the Tel Aviv skyline is seen through a hotel window in Tel Aviv, Israel May 15, 2017. REUTERS/Amir Cohen/Files Join now for FREE unlimited access to Reuters.com Register JERUSALEM, June 19 (Reuters) – The head of Israel’s parliamentary economy committee on Sunday asked the central bank to consider allowing future homeowners […]]]>

A general view of the Tel Aviv skyline is seen through a hotel window in Tel Aviv, Israel May 15, 2017. REUTERS/Amir Cohen/Files

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JERUSALEM, June 19 (Reuters) – The head of Israel’s parliamentary economy committee on Sunday asked the central bank to consider allowing future homeowners to take out mortgages worth more than 75% of the value of a home to help buyers cope with the housing boom. costs.

Michael Bitton, at a committee meeting on Sunday, urged the Bank of Israel to look into a pilot program that would allow mortgages to reach between 80% and 90%. Israel has long had conservative banking regulations to protect the banking system.

Along with the lowest mortgage interest rates, house prices have more than doubled since 2010, rising 16% in the past year alone. Tent protests are starting to pop up across Israel similar to 2011.

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Data shows that a four-room apartment in Israel costs on average almost 2.5 million shekels ($723,380), with prices much higher in Tel Aviv, Israel’s financial and cultural capital.

“The funding limit (75%) dates from 2012 and is no longer tied to the continued rise in house prices,” Bitton said. “Many mortgage borrowers take out an additional loan – from banks or a non-bank institution, usually for a shorter term and at a higher interest rate than the mortgage itself.”

Bank of Israel official Ziv Naor noted that only 0.02% of mortgage buyers had significant repayment problems.

“The current perception is that the risks do not warrant a relaxation of restrictions,” she said. “Interest rates and inflation are rising, and so are the monthly payments for those who have taken out loans. The public needs to understand the risks and think carefully about whether they will be able to afford those loans.”

Still, the Bank of Israel said it would consider Bitton’s claims.

Inflation, to which most mortgages are tied, hit a new 11-year high of 4.1% in May and is expected to approach 5%. The Bank of Israel responded with two rate hikes totaling 0.65 percentage points to 0.75% and economists expect further hikes in 2023.

Last week, the Israeli government said it planned to dramatically increase housing starts and extend a rebate program aimed at limiting the rapid rise in property prices as demand continues to outpace the offer. Read more

($1 = NIS 3.4560)

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Reporting by Steven Scheer; edited by David Evans

Our standards: The Thomson Reuters Trust Principles.

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LendKey Vs. SoFi Student Loans https://hamlinemidwayhistory.org/lendkey-vs-sofi-student-loans/ Wed, 15 Jun 2022 22:21:17 +0000 https://hamlinemidwayhistory.org/lendkey-vs-sofi-student-loans/ If you’re looking for a way to fund your college education, LendKey and SoFi are two solid options. While SoFi is a more traditional student lender, offering specific loans for undergraduates, graduates, law students and more, LendKey is a loan comparison tool that connects you with smaller banks and credit unions. The choice between the […]]]>

If you’re looking for a way to fund your college education, LendKey and SoFi are two solid options. While SoFi is a more traditional student lender, offering specific loans for undergraduates, graduates, law students and more, LendKey is a loan comparison tool that connects you with smaller banks and credit unions. The choice between the two comes down to the value you place on flexibility in your loan choices and which features you prioritize.

Take away key

LendKey is better if you’re looking to quickly compare multiple lending companies, while SoFi is better if you want an established company with plenty of opportunities for discounts and member benefits.

SoFi LendKey
Interest rate 1.89% to 13.17% variable, 3.27% to 12.55% fixed (with automatic payment) 2.14% to 8.3% variable, 3.99% to 8.49% fixed (with automatic payment)
Repayment Terms 5 to 15 years old 10 years
Loan amounts $1,000 for the total cost of participation $2,000 for the total cost of participation
Advantages No charges; rewards and discounts for members; unemployment protection benefit Compare several lenders at once; low APR ceilings; no application fees
Disadvantages high rate caps; associate degrees not eligible A repayment term option; loan details and fees vary by lender

Details accurate as of June 15, 2022

SoFi offers loans for undergraduate, graduate, law, and MBA students. Although it is one of the most well-known student lenders, it is important to consider the pros and cons before applying.

Advantages

  • No charges: There are no setup fees, application fees, or late fees with SoFi.
  • Reward Opportunities: SoFi offers membership rewards points for things as simple as logging into the app and checking your credit score. As you accumulate these points, you can use them to pay off your loans faster.
  • Membership discounts: If you already have an account with SoFi, you could qualify for a 0.125% discount on your student loan.
  • Protection against unemployment: If you lose your job, SoFi’s unemployment protection policy can help you adjust your payments while you get back on your feet. SoFi also offers help with planning your professional life and finding a job.

The inconvenients

  • High APR: If you have a below average credit score, a SoFi loan could be expensive. Its maximum interest rates are well over 12% for some of its loans.
  • Bad customer reviews: Between poor rankings on Trustpilot and numerous complaints from former customers registered with the Better Business Bureau, the company’s track record is far from perfect.
  • Limited eligibility: Borrowers looking to fund an associate’s degree will need to look outside of SoFi; the company only accepts borrowers who are enrolled at least half-time in a four-year degree program or graduate school.

LendKey does not offer separate loan products for undergraduate, graduate, medical, and law students like many companies do. If you are looking for a student loan, you will go through a single portal and your information will be reviewed by multiple companies. Here’s what you need to know before you start the process.

Advantages

  • No administration or set-up fees: None of LendKey’s partner lenders charges a fee for applying for or granting your loan.
  • Compare rates from multiple lenders: LendKey is not itself a student lender; instead, it matches borrowers with the banks and credit unions it partners with. Because of this, borrower information will be processed for multiple lenders at once, making LendKey a quick way to compare multiple companies.
  • Resources for students: LendKey goes beyond offering student loans. Its website also includes a scholarship finder, a downloadable college payment guide, and a hub with helpful articles on student loans.
  • Outstanding customer reviews: Borrowers who have worked with LendKey in the past give the company excellent ratings on Trustpilot.

The inconvenients

  • Loan details vary by lender: The biggest downside to LendKey’s model is that borrowers won’t have a clue about rates, terms, or fees until they’re matched with a lender. Some of LendKey’s lenders may charge late fees, and some may not offer sufficient forgiveness.
  • Limited refund terms: LendKey’s loans all come with a 10-year repayment term, which is extremely limited compared to other student loan companies.
  • Relatively short grace period: No matter which lender you’re matched with, all student loans through LendKey have a six-month grace period. Some other companies offer grace periods of nine months or more, especially for higher education borrowers.

SoFi and LendKey are two solid options for student loans. Both companies offer competitive rates for borrowers with good credit, and they both offer several unique benefits that can make the student loan process easier.

If you have good credit and want a more comprehensive lender, SoFi is for you. SoFi will lend you money for your education, but it will also want to entice you to use it for virtually everything else in your financial life – and if you do, you can earn awesome discounts and membership perks. It’s also the more digitally savvy of the two options, with online chat support.

If you’re hoping to stick with a credit union or want to make your life easier by comparing lenders, LendKey may be better for you. It’s an easy way to submit your loan details to multiple companies, and you’ll end up with a smaller bank or credit union that can offer more personalized service.

Either way, it’s always a good idea to get quotes from multiple sources before taking out a loan. If you have time, compare quotes from SoFi and LendKey to see which offers you the best combination of interest rates, terms, benefits, and fees. From there, you can decide which lender really suits your needs.

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Leveraged loans suffer biggest loss since start of pandemic as bear market widens https://hamlinemidwayhistory.org/leveraged-loans-suffer-biggest-loss-since-start-of-pandemic-as-bear-market-widens/ Tue, 14 Jun 2022 07:59:45 +0000 https://hamlinemidwayhistory.org/leveraged-loans-suffer-biggest-loss-since-start-of-pandemic-as-bear-market-widens/ Financial markets were troubled today as investors continued to digest Friday’s surprisingly high inflation figures and assess the Fed’s ability to navigate a soft landing for the economy as it s has been trying to control high inflation for decades. The leveraged loan market was not immune to volatility today, with the S&P/LSTA Leveraged Loan […]]]>

Financial markets were troubled today as investors continued to digest Friday’s surprisingly high inflation figures and assess the Fed’s ability to navigate a soft landing for the economy as it s has been trying to control high inflation for decades. The leveraged loan market was not immune to volatility today, with the S&P/LSTA Leveraged Loan Index posting a negative return of 0.84% ​​during the session, after a down 0.30% on Friday. Today’s decline was the index’s largest daily decline since March 23, 2020, when the pandemic first took deep root. Heading into today, the index only saw its three biggest one-day declines since 2020 last month. The asset class has now posted a negative return of 2.77% year-to-date. .

Underlining the worrying picture of inflation so far this year, the Federal Reserve may now consider a surprise interest rate hike of 0.75% at its meeting this week, according to a WSJ report. The central bank has not raised interest rates by 75 basis points at a meeting since 1994, and already raised the rate by 50 basis points at last month’s meeting, the first time since 1994 .

An expanded dataset is available via the link at the top of the story for LCD Research subscribers.

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Stop lending to Cross River, PDP gubernatorial candidate warns banks https://hamlinemidwayhistory.org/stop-lending-to-cross-river-pdp-gubernatorial-candidate-warns-banks/ Sun, 12 Jun 2022 17:14:25 +0000 https://hamlinemidwayhistory.org/stop-lending-to-cross-river-pdp-gubernatorial-candidate-warns-banks/ The Peoples Democratic Party (PDP) gubernatorial candidate in Cross River State, Senator Sandy Onor, has warned the country’s financial institutions against extending loans to Governor Ben Ayade’s administration, claiming that this would be at the risk and peril of these banks. Senator Onor, who issued the warning over the Calabar weekend in what he called […]]]>

The Peoples Democratic Party (PDP) gubernatorial candidate in Cross River State, Senator Sandy Onor, has warned the country’s financial institutions against extending loans to Governor Ben Ayade’s administration, claiming that this would be at the risk and peril of these banks.

Senator Onor, who issued the warning over the Calabar weekend in what he called a ‘post-election press briefing’, alleged that the state government was colluding with the House of Commons. assembly to borrow 35 billion naira before leaving office.

“As of March of this year, this state’s debt profile stood at $279 million, according to the Office of Debt Management. However, the outgoing government is thinking of agreeing with the House of Assembly to borrow this staggering sum, just to put the last nail in the coffin, before they leave the stage.

“There can be no other way to show how mean and inconsiderate a government can be to its people. We must not allow this to happen as the incoming government will inherit a mountain of debt to contend with,” said the PDP candidate, who represents Cross River Central in the Senate.

He said: “Anyway, in the eyes of the law there is no House of Assembly in Cross River State and anything bearing the imprimatur of that assembly is null and void ab initiation.

“This should therefore serve as a warning to all financial institutions inside and outside Nigeria, not to extend loans in any form to the present government of Cross River State, because they will do so at very high risk.

“Until the courts decide otherwise, the House of Assembly, as presently constituted, cannot pass legally binding resolutions and laws.”

He also called the current administration’s plans to hold local elections in May next year laughable, saying: “That can’t stand either because by law you can’t build something. on nothing. In the eyes of the law, the House of Assembly is in abeyance and therefore cannot confirm the governor’s appointees to the Cross River State Independent Electoral Commission (CROSIEC).

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Great Lakes Student Loans Review 2022: Is It the Best Option? https://hamlinemidwayhistory.org/great-lakes-student-loans-review-2022-is-it-the-best-option/ Fri, 10 Jun 2022 23:42:33 +0000 https://hamlinemidwayhistory.org/great-lakes-student-loans-review-2022-is-it-the-best-option/ GOBanking Rates Score Quick take: Great Lakes is one of the best federal loan managers available. It offers a wide range of payment options and borrowers have several verticals to communicate with the support team. Loans Payment Features Customer service How did we calculate this? Advantages Flexible payment options Good customer support […]]]>

GOBanking Rates Score

Quick take: Great Lakes is one of the best federal loan managers available. It offers a wide range of payment options and borrowers have several verticals to communicate with the support team.

  • Loans
  • Payment
  • Features
  • Customer service

How did we calculate this?

Advantages

  • Flexible payment options
  • Good customer support
  • Educational resources

The inconvenients

  • Complaints about app functionality
  • Ongoing trial

Great Lakes Student Loan Overview

Great Lakes provides student loan services to millions of students. A loan officer does not own the loan or set the rates. This is an institution chosen to handle customer payments and queries on behalf of the US Department of Education.

Great Lakes has partnered with over 6,000 schools and 1,000 lenders to provide assistance to all of its members. It also has professional financial aid representatives to help students plan loan repayments from start to finish.

Main characteristics

The Great Lakes have several notable characteristics. Here is an overview of each of them.

Loans

For the most part, Great Lakes services federal loans, but offers private loan processing solutions with two partner brands: FastChoice and ScholarNet.

As a federal lending agent, Great Lakes does not set interest rates. The current fixed rate for federal undergraduate Stafford loans is 3.73%, but is expected to increase to 4.99% for loans disbursed July 1, 2022 through June 30, 2023.

Payment

Payments by student borrowers can be made in several ways, including:

  • Mail
  • Check
  • Call
  • Website
  • Application

Great Lakes allows borrowers to set up flexible payment options such as autopay and income-based payment plans. It will also provide guidance on deferring payments and changing due dates.

Additional Features

Great Lakes provides borrowers with alternative recourse when it comes to deferring, deferring, or instituting new repayment plans. These options are available when unemployed or when a borrower serves in the military.

Teachers in low-income communities, full-time government workers, and people with disabilities may also qualify for Great Lakes Student Loan Forgiveness under certain circumstances.

Customer service

Great Lakes has a team of financial aid professionals ready to help borrowers with anything they need. The primary contact number for Great Lakes is (800) 236-4300, although it offers a number of other contact methods for customer inquiries. Borrowers can also get in touch by:

  • Mail
  • E-mail
  • Fax
  • Live chat support through its web platform
  • Social networks: Facebook and Twitter

Great Lakes has 3.8 stars on the Google Play Store, but there have been complaints about basic functionality and errors when connecting.

How Great Lakes Student Loans Stand Out

Great Lakes stands out for its educational materials and customer support resources. The platform is relatively easy to navigate and offers customers freedom of choice when it comes to managing student loans.

Comparable Great Lakes Options

Here’s a closer look at how Great Lakes Student Loans compare to other Designated Servicers.

Great Lakes versus Mohela

Great Lakes has more comprehensive customer service than Mohela. Great Lakes has live online chat support, while Mohela does not. Great Lakes keeps its phone lines open from 7 a.m. to 9 p.m. Tuesday through Friday, and Mohela only operates from 7 a.m. to 7 p.m. on the same days.

Great Lakes vs. HESC

Great Lakes and Higher Education Servicing Corporation (HESC) both offer private and federal student loans. However, HESC only works with a handful of providers, while Great Lakes partners with ScholarNet and FastChoice, which offer a range of solutions.

ScholarNet connects borrowers with all major private student loan providers. FastChoice compares all choices, giving borrowers more customization and flexibility.

How to register

To apply for a federal student loan, the borrower must complete a Free Application for Federal Student Aid, also known as a FAFSA.

Borrowers do not have the option to choose or change their Federal Student Loan Manager, but if they choose to consolidate their loans, they can indicate a manager preference in the application.

If a borrower is assigned Great Lakes as a student loan servicer, they can create their account online. They will need to fill in basic information such as their social security number and date of birth to acquire an ID.

Who are Great Lakes student loans for?

Great Lakes is ideal for those who need convenient customer support as it allows them to manage all student loans in one place. Borrowers benefit from flexible payment options, professional support, and access to the Great Lakes Knowledge Center, which provides relevant and ongoing student loan information.

Final grip

Overall, Great Lakes is one of the top performing countries when it comes to servicing federal student loans. For private student loans, borrowers may want to explore other options. But generally, it works well for those who want to manage their loans in one place.

FAQs

Here are some questions people ask about Great Lakes and its student loan services.
  • What Happened to Great Lakes Student Loans?
    • Currently, Great Lakes is still under contract as a student loan servicer with the US Department of Education. However, as of March 2022, Great Lakes Student Loans began to transfer to its parent company, Nelnet.
  • Is there a Great Lakes student loan lawsuit?
    • Yes. The verdict has not yet been pronounced. A borrower sued Great Lakes for increasing principal and interest balances during the government’s pause in student loan repayments.
  • Are Great Lakes Federal or Private Student Loans?
    • Great Lakes primarily handles federal student loans, but also handles private student loan processing.
  • Is Great Lakes a government student loan?
    • Great Lakes does not own the loan, but does service federal loans, which are government funded.

Editorial Note: This content is not provided by Great Lakes. Any opinions, analyses, criticisms, evaluations or recommendations expressed in this article are those of the author alone and have not been reviewed, endorsed or otherwise endorsed by Great Lakes.

Our in-house research team and on-site financial experts work together to create accurate, unbiased and up-to-date content. We check every stat, quote and fact using trusted primary resources to ensure that the information we provide is correct. You can read more about GOBankingRates processes and standards in our Editorial Policy.

About the Author

David is a qualified financial adviser in the Republic of Ireland. He holds a bachelor’s degree in business and entrepreneurship, as well as more than five years of investment experience.

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Sainsbury’s Bank Personal Loans Review 2022 – Forbes Advisor UK https://hamlinemidwayhistory.org/sainsburys-bank-personal-loans-review-2022-forbes-advisor-uk/ Thu, 09 Jun 2022 09:44:35 +0000 https://hamlinemidwayhistory.org/sainsburys-bank-personal-loans-review-2022-forbes-advisor-uk/ Sainsbury’s Bank offers competitive rates on personal loans – from 3.40% if you have a Nectar card and borrow between £7,500 and £25,000. Repayment terms are set between 12 months and seven years. Representative example The representative APR example gives you an estimate of how much it might cost if you borrowed a certain amount […]]]>

Sainsbury’s Bank offers competitive rates on personal loans – from 3.40% if you have a Nectar card and borrow between £7,500 and £25,000. Repayment terms are set between 12 months and seven years.

Representative example

The representative APR example gives you an estimate of how much it might cost if you borrowed a certain amount of money. This helps you compare products and provides a guide to the cost of carrying a sale. Your personal offer may vary from the representative APR example.

You can borrow £10,000 over 60 months with monthly repayments of £181.24. The total reimbursable amount will be £10,874.40. Representing 3.40% APR, annual interest rate (fixed) 3.40% pa Credit available subject to status.

Advantages

  • APRs representative of the competition (fixed)
  • Payments made in less than two hours, once accepted
  • Borrow up to £40,000 (with the Nectar Card)
  • Request a Nectar card online or in-store for free

The inconvenients

  • The cheapest APRs reserved for Nectar cardholders
  • Cheaper APRs available
  • Minimum income of £7,500
  • £25 late payment fee

Loans Review”/>

APR representative

3.40% (fixed)

Loans

£1,000 to £25,000 (or £40,000 for Nectar members)

Term

12 months to 7 years

Contents

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Main characteristics

  • Representative APR of 3.40% (fixed) on loans between £7,500 and £25,000
  • Representative APR of 3.50% (fixed) on equivalent loans for non-Nectar cardholders
  • Loans ranging from £1,000 to £25,000 (up to £40,000 for Nectar members)
  • Repayment terms between 1 and 7 years

Will I be eligible?

To be eligible for a personal loan from Sainsbury’s Bank you must be at least 18 years old, resident in the UK and have a telephone number. You will also need a gross annual income of at least £7,500.

Applying through an eligibility checker will reveal the likelihood of you being accepted among a range of loan providers. And it won’t affect your credit score.

What more do I need to know?

When taking out a personal loan, comparing a range of providers will ensure you get the best deal for your needs before you start an application.

If you apply for a Sainsbury’s Bank loan online, you can expect an immediate decision. However, occasionally the lender may need more information, in which case they will contact you.

If you are accepted for a Sainsbury’s loan, the next step is to sign an online loan agreement. With this deal in place, you can receive the money in as little as two hours, if not the next business day.

The loan must be repaid in the agreed installments by direct debit. Once your first payment has been made, you can choose another day of the month for subsequent repayments.

You also have the option of overpaying your loan at no additional cost. If you overpay, Sainsbury’s will automatically deduct it from your balance and reduce the term of your loan.

Alternatively, you can overpay in a lump sum and ask the bank to keep the repayment term the same, which means subsequent monthly payments will be reduced. To use this option, you will need to contact the bank directly before overpaying.

If you’re worried about missing a payment at any time, contact the lender. He may be able to reschedule or scale it down. Otherwise, Sainsbury’s charges a late payment fee of £25 and your credit score could also be affected.

Is a Sainsbury’s Bank loan right for me?

If you need to borrow a lump sum for one-time expenses such as buying a car, home renovations or financing a wedding, Sainsbury’s Bank can offer you competitive interest rates.

If you’re borrowing between £7,500 and £25,000, you can expect to be offered the lowest APR of 3.40% (fixed). However, this is only a representation, so the rate you are offered may vary depending on your credit score and personal circumstances.

If you’re using a personal loan to consolidate your debt, make sure it’s the most affordable option before you apply.

What are my alternatives?

If you want to borrow a small amount of money over a shorter period, a credit card that offers 0% interest on purchases during a promotional period may be a better option.

If you pay off your balance in full before the expiration of the promotional period, you will not have to pay interest. The length of the 0% period varies depending on the provider and your personal situation.


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Titan completes $40 million credit facility with National Bank consolidating previous loans https://hamlinemidwayhistory.org/titan-completes-40-million-credit-facility-with-national-bank-consolidating-previous-loans/ Tue, 07 Jun 2022 10:00:00 +0000 https://hamlinemidwayhistory.org/titan-completes-40-million-credit-facility-with-national-bank-consolidating-previous-loans/ Receive instant alerts when news is published about your stocks. Claim your one week free trial for StreetInsider Premium here. VANCOUVER, British Columbia, June 07, 2022 (GLOBE NEWSWIRE) — Titan Mining Corporation (TSX: TI) (“Titan“or the”Company”) is pleased to announce the closing of a revolving credit facility with National Bank of Canada (“National Bank”) for […]]]>

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VANCOUVER, British Columbia, June 07, 2022 (GLOBE NEWSWIRE) — Titan Mining Corporation (TSX: TI) (“Titan“or the”Company”) is pleased to announce the closing of a revolving credit facility with National Bank of Canada (“National Bank”) for $40 million (the “Credit facility”). In addition to the credit facility, National Bank has provided the Company with a cash line of up to US$15 million allowing additional access to funds for future zinc contractual commitments.

Titan will use the proceeds to consolidate previous loans held with Augusta Investments Inc. (“Augusta Investments”) and the Bank of Nova Scotia. Executive Chairman Richard Warke will guarantee National Bank’s credit facility through Augusta Investments and its related entity at an annual rate of 1.125%.

Don Taylor, President and Chief Executive Officer, said, “We are pleased to have entered into the credit facility with National Bank. Overall, this will simplify our credit structure and reduce the cost of our debt. Another major benefit of the facility is our ability to make forward sales of our concentrates without using our capital as a down payment, as was previously required. Forward sales are a necessary tool to protect the Company from fluctuations in the price of zinc. I hope this will be the start of a long and mutually beneficial relationship with National Bank and the quality team it brings to the industry. »

The credit facility will bear interest at SOFR plus 2.25% or National Bank base rate plus 1.25%, a standby fee of 0.5625% and will have an 18-month maturity with an option to extend. annual.

About Titan Mining Corporation
Titan is an Augusta Group company that produces zinc concentrate at its wholly owned Empire State mine located in New York State. Titan is built for growth, value driven and committed to excellence. For more information about the Company, please visit our website at www.titanminingcorp.com.

Contact

For more information, please contact:

Investor Relations:
E-mail: [email protected]

Caution Regarding Forward-Looking Information

Certain statements and information contained in this new release constitute “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws (collectively, “forward-looking statements”). These statements appear at several places in this press release and include statements regarding our intention, or the current beliefs or expectations of our officers and directors, including the use of proceeds from the credit facility. When used in this press release, words such as “to be”, “will”, “planned”, “expected”, “potential” and similar expressions are intended to identify such forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements as the Company cannot guarantee that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that could cause actual results or events to differ materially from those anticipated in these forward-looking statements, including the risks, uncertainties and other factors identified in the periodic filings. of the Company with the Canadian securities authorities. . These forward-looking statements are based on various assumptions, including assumptions regarding the ability to advance exploration efforts at ESM; the results of such exploration efforts; the ability to secure adequate funding (if required); the Company maintains its current strategy and objectives; and the Company’s ability to achieve its growth objectives. Although the Company considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Except as required by applicable law, we undertake no obligation to update or publicly announce the results of any changes to any forward-looking statements contained herein to reflect actual results, future events or developments. , changes in assumptions or changes in other factors affecting the forward-looking statements. If we update one or more forward-looking statements, no conclusion should be drawn that we will make additional updates with respect to such or other forward-looking statements. You should not place undue importance on forward-looking statements and should not rely on such statements as of any other date. All forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement.

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