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Tag: loans
Banks have reported high volumes of interest in the scheme, which offers loans of between £2,000 to £50,000 that are 100% guaranteed by the government. The money is interest and payment free for the first year – with rates of 2.5% per annum after the first 12 months. Ministers say...
Government-backed loans worth £330bn and a three-month mortgage holiday have been announced by the chancellor as part of “unprecedented” measures to help businesses and families. Rishi Sunak unveiled the package of support at a Downing Street news conference on Tuesday as he said the UK faced an “economic emergency” in...
UNARRANGED overdrafts which come with high fees can see individuals sometimes paying back ten times more than they originally owed are set to be scrapped. The Financial Conduct Authority (FCA) has said banks and firm last year made over £2.4 billion from overdrafts, a third of this amount coming from...
Moody’s ratings expects problem loans at Turkish banks to increase to more than 4 percent of loans over the next 12-18 months compared with a low of 2.9 percent in May, the ratings agency said in a statement on July 16. Moody’s said a spike in the problem loans was credit negative...
The government is not shifting on plans to increase interest charges on student loans in England - which will rise to up to 6.1% from the autumn term.
One of London’s biggest organisations helping women amongst Turkish speaking communities, Turkish Cypriot Women’s Project is set to provide information on debt problems.