Direct loan – PC Only Yazilim http://pconlyyazilim.com/ Sun, 07 Aug 2022 12:02:58 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://pconlyyazilim.com/wp-content/uploads/2021/11/profile-120x120.png Direct loan – PC Only Yazilim http://pconlyyazilim.com/ 32 32 Exclusive: Fabrizio Romano daily briefing – Chelsea loan exit, Man United winger interest & more https://pconlyyazilim.com/exclusive-fabrizio-romano-daily-briefing-chelsea-loan-exit-man-united-winger-interest-more/ Sun, 07 Aug 2022 08:51:32 +0000 https://pconlyyazilim.com/exclusive-fabrizio-romano-daily-briefing-chelsea-loan-exit-man-united-winger-interest-more/ Hello and welcome to my Daily briefing – a round-up of the latest exclusive transfer news. Read on for today’s headlines on Callum Hudson-Odoi, Youri Tielemans and more… Exclusive: Click here for the latest news on Youri Tielemans and what is the sale of Lucas Torreira could mean for this deal. Arsenal have received a […]]]>

Hello and welcome to my Daily briefing – a round-up of the latest exclusive transfer news. Read on for today’s headlines on Callum Hudson-Odoi, Youri Tielemans and more…

Exclusive: Click here for the latest news on Youri Tielemans and what is the sale of Lucas Torreira could mean for this deal.

Arsenal have received a new offer for the defender Pablo Mari. Hellas Verona are offering a permanent deal, while Monza are pushing to sign Mari on loan with an obligation to buy. A decision is expected soon, but Mari will leave 100% Arsenal this summer.

An agreement for Marcos Alonso Closer look, Thomas Tuchel confirming the player asked to leave after he wasn’t involved in the squad to face Everton: “Yes, Marcos asked to leave and we accepted that. would make no sense to put it on the pitch today.

Exclusive: Here is my current understanding of the Leroy Sane situation as he is linked with Liverpool and Manchester United.

Former Manchester United striker Edinson Cavani is closing in on a move to Boca Juniors. Negotiations over the deal are now at key stages, with a possible threat from Villarreal, although nothing is happening with Borussia Dortmund.

Here is my exclusive video of the Barcelona keeper neto arriving in England before completing their move to Bournemouth:

Bournemouth have reached a full agreement with Marcos Senesi personally. Work is underway to reach an agreement with Feyenoord.

Brentford have reached an agreement with the Atalanta midfielder Mikkel Damsgaard personally. Damsgaard will fly to England next week to undergo his medical, with a deal set to close for around €15million. Failed to retain Christian Erikson this summer, it looks like a smart deal from Brentford to bring an alternative to that area of ​​the pitch.

Exclusive: Premier League club held talks over signing Callum Hudson-Odoi. Click here to find out everything you need to know about his future.

Exclusive: How far was Jorginho going this summer? Click here to find out which club have inquired about him and whether he could sign a new contract at Chelsea.

Chelsea have submitted a new £70million bid for the Leicester City defender Wesley Fofana. The offer was rejected by Leicester, with Brendan Rodgers insisting he is not for sale this summer. Fofana is interested in the move and Chelsea are determined to get their man.

Thomas Tuchel confirmed that Marcos Alonso was dropped from his squad to face Everton because he was asked to leave: “Yes, Marcos asked to leave and we accepted. It wouldn’t make sense to put him on the pitch today.

Amadou Onana is in England to undergo medical tests this morning as a new player for Everton. A complete agreement has been concluded with Lille for an amount of 36 million euros plus 4 million euros in supplements.

Idrissa Gana Gueye is Everton’s next move, with a deal nearly complete.

Dries Mertens and Lucas Torreira were in Istanbul last night to complete their move to Galatasaray. Torreira signed his contract and Mertens also accepted his proposal.

Juventus are in direct contact with Eintracht Frankfurt over the transfer of Filip Kostic. West Ham are aware that Kostic’s priority is to join Juventus as soon as possible. A full agreement has been reached on personal terms between Juventus and Kostic.

Exclusive: Keep an eye on this potential signing of 65 million euros if Bernardo Silva ends up leaving Man City.

Exclusive: Click here for an update on Manchester United and these links with the PSV winger Cody Gakpo.

Cody Gakpo in action for PSV

RB Leipzig manager will meet by Benjamin Sesko agent to discuss a possible move. It won’t be an easy deal, with Manchester United and Chelsea both interested.

Full agreement reached on personal terms with Udinese full-back Destiny Udogy, for a five-year contract. A deal is expected to be agreed with Udinese next week, and Udogie could be loaned out to the Italian club. It looks like a potentially intriguing signing for Spurs, with Fabio Paratici’s Serie A connections looking like a real asset.

Goncalo Guedes is set to leave Valencia, according to manager Gennaro Gattuso: “The club told me they had a huge offer for Guedes from a Premier League club.”

West Ham could now miss out Philippe Kosticwho is looking to join Juventus as soon as possible, with a full personal terms agreement reached.

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Leading online retailer Spiraledge secures $8 million loan from RBC https://pconlyyazilim.com/leading-online-retailer-spiraledge-secures-8-million-loan-from-rbc/ Fri, 05 Aug 2022 07:34:50 +0000 https://pconlyyazilim.com/leading-online-retailer-spiraledge-secures-8-million-loan-from-rbc/ Among the Spiraledge businesses that will benefit from the $8 million loan from RBC is SwimOutlet.com, the largest online swimwear retailer. | Photo courtesy of Spiraledge Christian Chensvold, contributing writer | Thursday, August 4, 2022 Republic Business Credit has provided another business with the funds it needs not only to succeed, but also to grow. […]]]>

Among the Spiraledge businesses that will benefit from the $8 million loan from RBC is SwimOutlet.com, the largest online swimwear retailer. | Photo courtesy of Spiraledge

Christian Chensvold, contributing writer | Thursday, August 4, 2022

Republic Business Credit has provided another business with the funds it needs not only to succeed, but also to grow.

spiraledge is a leading internet retailer and healthy lifestyle company headquartered in Campbell, Calif., and recently secured an $8 million loan to leverage its internet retail and commerce strategy electronic. RBC provided a scalable, flexible and growth-oriented facility to maximize the availability of inventory, merchant accounts and direct-to-consumer revenue.

Spiraledge’s activities include SwimOutlet.comthe largest online swimwear retailer; EverydayYoga.comthe web’s fastest growing yoga retailer; Swim.com, a digital training and swimming training platform; and Tend.comthe first software platform of its kind with tools to manage a diversified and sustainable farming operation.

“Getting out of the pandemic and preparing for summer Olympic Games at Toyko, we sought a partner to support our seasonal inventory purchases,” Spiraledge CFO John Gilchrist said in a statement. “Republic understands our business and is committed to our vision of providing the perfect online shopping experience for our customers.”

Republic provided an $8 million direct-to-consumer inventory loan facility that provides extensive availability on Spiraledge’s inventory, customer accounts, merchant accounts, and e-commerce related products. Republic’s financing refinanced Spiraledge’s existing bank facility while providing significant additional liquidity for future growth.

“Spiraledge is a great addition to a growing portfolio of brands,” said Matthew Begley, COO of Republic. “The company is a well-run, mission-driven, direct-to-consumer Internet retailer that responds to its customers.”

Republic Business Credit is a national provider of working capital facilities for private equity firms and entrepreneur-owned businesses. Republic offers asset-based lending, ledger lines of credit, traditional factoring, direct-to-consumer lending, and rapid AR financing. It partners with its clients to provide up to $12 million in senior credit facilities to fast-growing companies, startups and distressed businesses.

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CMA fines former Chase Bank bosses and Deloitte over Sh10bn loan https://pconlyyazilim.com/cma-fines-former-chase-bank-bosses-and-deloitte-over-sh10bn-loan/ Wed, 03 Aug 2022 07:24:44 +0000 https://pconlyyazilim.com/cma-fines-former-chase-bank-bosses-and-deloitte-over-sh10bn-loan/ Capital markets CMA fines former Chase Bank bosses and Deloitte over Sh10bn loan Wednesday 03 August 2022 Duncan Kabui, former CEO of Chase Bank. FILE PHOTO | NMG The capital markets regulator penalized three former Chase Bank executives, five board members and reporting accountant Deloitte and Touche for their alleged role in the 2015 shilling […]]]>

Capital markets

CMA fines former Chase Bank bosses and Deloitte over Sh10bn loan


Duncan Kabui, former CEO of Chase Bank. FILE PHOTO | NMG

The capital markets regulator penalized three former Chase Bank executives, five board members and reporting accountant Deloitte and Touche for their alleged role in the 2015 shilling 10 billion medium-term bond issue .

The Capital Markets Authority (CMA) has fined former Chase Bank chief executive Duncan Kabui 5 million shillings and disqualified him from being a director or key staff of any Kenyan capital market issuer for a period of 10 years.

Former CEO Paul Njaga was fined 5 million shillings while the former CFO was fined 5 million shillings and banned for five years from participating in the Kenyan capital market.

The regulator also fined 2.5 million shillings to board members Anthony Gross, Laurent Demey, Muthoni Kuria and Rafiq Sharrif each for their role in issuing and using the bond.

ALSO READ: CMA: How Chase Bank Chiefs Siphoned Off Billions

All four were members of the Audit and Risk Committee. Mr. Gross was also invited to take a training course on corporate governance for at least five days.

Another board member, Richard Carter, was fined 1 million shillings.

“Deloitte and Touche, the reporting accountant of CBKL at the material time, was fined Sh10 million. Further, the Committee recommends that the conduct of the accounting partners during the respective audit periods be referred to ICPAK,” the CMA said in a statement.

CMA investigations earlier this year found Chase Bank auditors Deloitte failed to inspect the defaulting lender’s computer system during annual audits, creating a loophole used by bank management to hide details of billions of shillings embezzled from the bank.

A 14 billion shillings hole created by the loophole was only discovered in 2015 after the Central Bank of Kenya (CBK) ordered an IT audit.

Deloitte reported 14 billion shillings in interest receivable after a specialist IT team carried out work in response to the CBK directive in 2015.

This was odd considering that the interest receivable from the banks was not to exceed one month’s worth of interest.

Monthly interest from Chase Bank was 1.2 billion shillings, indicating that the huge debt stemmed from inherited issues, was overstated and could represent invalid and unsupported bank balances.

ALSO READ: Court orders SBM to settle Sh892m Chase Bank debt

Investigations revealed board member Ms. Kuria accused Deloitte of errors that sank the bank, saying auditors omitted interest when communicating directly with clients to seek direct confirmation of outstanding amounts to confirm accounts receivable balances.

She said a dispute then arose over how to deal with the error and that Deloitte had asked the bank to pay the interest receivable or it would qualify the accounts.

[email protected]

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Chelsea finally approach potential loan deal for flop Timo Werner https://pconlyyazilim.com/chelsea-finally-approach-potential-loan-deal-for-flop-timo-werner/ Mon, 01 Aug 2022 19:06:38 +0000 https://pconlyyazilim.com/chelsea-finally-approach-potential-loan-deal-for-flop-timo-werner/ It would be an understatement to say that Timo Werner failed to live up to Chelsea’s expectations. After signing him in the summer of 2020 from RB Leipzig, it looks like the German could actually be on his way back to the Bundesliga club. By Fabrice RomanoLeipzig are working with the Blues to secure a […]]]>

It would be an understatement to say that Timo Werner failed to live up to Chelsea’s expectations. After signing him in the summer of 2020 from RB Leipzig, it looks like the German could actually be on his way back to the Bundesliga club.

By Fabrice RomanoLeipzig are working with the Blues to secure a loan deal for Werner:

A fresh start for Werner at Leipzig where he previously became a star is probably a good idea. At Chelsea, he never really adapted. The Premier League has proven to be far too physical for the striker, who lacks the power on the ball to really make an impact.

In 21 Premier League appearances last season, the Germany international scored just four goals. In his debut campaign in 2020-21, Werner scored six times and provided eight assists in 35 games. Not terrible numbers, but for a player the Blues paid 53 million euros for, it’s not great either.

Chelsea’s front line will certainly be different if Werner does end up leaving. Romelu Lukaku has already been loaned out to Inter after a tumultuous season last term at Stamford Bridge where the Belgian has publicly declared he wants to return to Italy. Thomas Tuchel’s side did manage to sign Raheem Sterling from Manchester City in the summer, however, which should prove to be a nice addition given his ability.

At this point, it makes sense for Timo Werner to take his talents elsewhere. He hasn’t figured that out yet at Chelsea after two seasons and it’s unlikely he will. The Blues are ready to let him go, all that remains is to find the best deal. Juventus are also keen on the player.

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Macken Companies secures $16.5 million construction loan for luxury waterfront townhouse community of Koya Bay on the Intracoastal Waterway in North Miami Beach https://pconlyyazilim.com/macken-companies-secures-16-5-million-construction-loan-for-luxury-waterfront-townhouse-community-of-koya-bay-on-the-intracoastal-waterway-in-north-miami-beach/ Sat, 30 Jul 2022 22:38:28 +0000 https://pconlyyazilim.com/macken-companies-secures-16-5-million-construction-loan-for-luxury-waterfront-townhouse-community-of-koya-bay-on-the-intracoastal-waterway-in-north-miami-beach/ Macken Companies, a vertically integrated real estate company with development, construction and brokerage entities, has secured a $16.5 million construction loan from LV Lending for Koya Bay, a luxury townhouse community in waterfront directly on the Intracoastal Waterway in the exclusive Eastern Shores neighborhood of 4098 NE 167 St. in North Miami Beach. Camilo Niño, […]]]>

Macken Companies, a vertically integrated real estate company with development, construction and brokerage entities, has secured a $16.5 million construction loan from LV Lending for Koya Bay, a luxury townhouse community in waterfront directly on the Intracoastal Waterway in the exclusive Eastern Shores neighborhood of 4098 NE 167 St. in North Miami Beach. Camilo Niño, Ricardo Uribe and Alen Hernandez of LV Lending arranged the loan on behalf of the promoter, Alan Macken, director of Macken Companies. The closing took place on July 28. Macken Companies’ subsidiary, VCM Builders, is the general contractor and Macken Realty is the exclusive sales agent. The project started in February 2022 and is on schedule for delivery in the first quarter of 2023.

“LV Lending has been a terrific financial partner for us,” said Alan S. Macken, Principal, Macken Companies. “We appreciate their enthusiasm and confidence in our execution to ensure its success. We look forward to delivering this beautiful community to our buyers and the City of North Miami Beach.

Koya Bay features 10 four-story residences, each with a private elevator, expansive rooftop terrace, and two-car garage with optional elevator. The gated community offers three-, four-, and five-bedroom floor plans ranging in size from 4,327 to 5,288 square feet. The landing stages are equipped with water and electricity.

Koya Bay’s prime cul-de-sac location is buffered by water on three sides, providing direct, unobstructed views of the Intracoastal Waterway. The development is a boater’s paradise with no fixed bridges located minutes from the Haulover Cut, Sandbar and ocean.

Macken Companies has once again teamed up with esteemed Randall Stofft Architects and Witkin Hults + Partners to design modern tropical townhouses that blend natural materials and earth tones with open floor plans designed to invite the front of sea at each level. Residences feature raised ceilings, Wolf appliances, custom wood cabinetry, and smart home technology. The private roof terraces combine both an enclosed air-conditioned space and an open space and are equipped with a Jacuzzi and a summer kitchen.

The affluent, family-friendly neighborhood of Eastern Shores is a guarded community with 24/7 police security, its own park and playground. Residents will enjoy an abundance of amenities and amenities, including steps from pristine Sunny Isles Beach and beautiful Oleta River State Park, a 1,043-acre Florida state park on the Biscayne Bay directly across, with mountain bike trails, running tracks, kayaking, and fishing.

Eastern Shores is accessible via the 163rd Street Causeway, which connects to US-1 and A1A. The city of North Miami Beach is located 20 km north of Miami and less than 32 km south of Fort Lauderdale. Koya Bay is a short drive or boat ride from the beach, Haulover Marina which offers ocean access and two of Florida’s premier shopping destinations, the Aventura Mall and the legendary boutiques of Bal Harbor.

There is a limited inventory left. For pricing and more information, call (844) 278-4430 or visit http://www.koyabay.com.

(Visited 1 time, 1 visits today)

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Are you eligible for student loan forgiveness? Education Department launches new tool to help borrowers find out https://pconlyyazilim.com/are-you-eligible-for-student-loan-forgiveness-education-department-launches-new-tool-to-help-borrowers-find-out/ Thu, 28 Jul 2022 18:02:25 +0000 https://pconlyyazilim.com/are-you-eligible-for-student-loan-forgiveness-education-department-launches-new-tool-to-help-borrowers-find-out/ WASHINGTON, DC – June 7: Education Secretary Miguel Cardona testifies before Senate Appropriations … [+] Subcommittee on Labor, Health and Human Services and Education June 7, 2022, on Capitol Hill in Washington, DC. (Photo by Oliver Contreras/for The Washington Post via Getty Images) The Washington Post via Getty Images The Biden administration has launched a […]]]>

The Biden administration has launched a new tool to help borrowers determine if they qualify for student loan forgiveness based on their public service jobs. The new tool comes just as a key loan forgiveness expansion is about to expire.

Here’s what borrowers need to know.

Extension of the exemption of student loans thanks to the PSLF

The Public Service Loan Forgiveness Program (PSLF) can provide federal student loan forgiveness to borrowers who devote 10 or more years of their career to public service. Created in 2007, the program has always been governed by strict eligibility rules; only direct federal student loans were eligible, and only payments made under certain types of repayment plans would be considered for student loan forgiveness.

Last October, the Biden administration temporarily relaxed those rules through the limited PSLF waiver. The administration went even further last April, allowing even more past loan spells to count towards the PSLF. Taken together, these changes have significantly expanded the need to be able to count as an “eligible payment” for student loan forgiveness under the PSLF to include most past repayment periods, as well as some past deferment periods and abstention. The changes are temporary, however, and the limited PSLF waiver is scheduled to end on October 31, 2022.

The terms of employment for PSLF are largely unchanged. Qualifying employment, for PSLF purposes, means full-time, W-2 employment for a national public entity or 501(c)(3) nonprofit organization, or part-time employment for multiple qualifying PSLF organizations if your combined hours are at least 30 hours per week.

Department of Education launches PSLF employer search tool

Borrowers can sometimes stumble when trying to determine if their employer qualifies them for student loan forgiveness through the PSLF. And until now, there was no easy way for borrowers to get quick answers. Traditionally, borrowers had to submit a formal PSLF application signed by their employer to their loan officer for a formal decision. And the process can take months.

Earlier this month, the Department of Education launched the PSLF employer search tool. This online database provides a “quick and easy method” to research an employer and receive a preliminary determination of PSLF eligibility before applying. All a borrower needs is the Employer Identification Number (EIN), which is usually found on your W-2 or pay stub, and your dates of employment.

“We have added a new PSLF employer search that allows [borrowers] to search for eligible PSLF employers without logging in” at StudentAid.gov websitesaid the Ministry of Education in a newsletter. “PSLF Employer Search provides easy-to-follow prompts and guides users through the process of determining if their employer is eligible for PSLF. Users will receive a message about next steps if their employer is PSLF eligible, not PSLF eligible, or not listed in the database.

Borrowers must still apply to the PSLF for student loan forgiveness

It is important to note that the PSLF employer search result is not a guarantee of PSLF eligibility, but rather a tool to help borrowers make a preliminary decision. To be eligible, borrowers will still need to submit the PSLF Employment Certification Form (ECF) signed by their employer. Borrowers can start this process via the PSLF Helper Tool. You may also need to take additional steps, such as consolidating your FFEL or Perkins loans into a direct consolidation loan, in order to qualify for PSLF under the limited PSLF exemption.

Borrowers should review the PSLF program, as well as the current interim fixes, before taking drastic action on their loans:

Ministry of Education officials are urging borrowers to apply for the PSLF and take advantage of the limited PSLF waiver before it expires in October.

“The Civil Service Loan Forgiveness Program is helping more and more Americans get debt relief,” Education Secretary Miguel Cardona said in a statement. Tweeter yesterday. “Register today!”

Further Reading on Student Loans

Biden could extend student loan pause through next year, considering further relief, including loan forgiveness

134 groups urge Biden to extend expiring student loan forgiveness initiatives, while top officials tell borrowers to apply now

3 Key Student Loan Forgiveness Opportunities Could End Soon – Here’s How to Apply

If You’ve Been To These Schools, You May Qualify For Student Loan Forgiveness: Here’s What To Do

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Three things to know before the student loan payment break ends | KAMR https://pconlyyazilim.com/three-things-to-know-before-the-student-loan-payment-break-ends-kamr/ Tue, 26 Jul 2022 12:30:05 +0000 https://pconlyyazilim.com/three-things-to-know-before-the-student-loan-payment-break-ends-kamr/ (NEXSTAR) – In less than 40 days, the payment pause on federal student loans should be lifted. Thanks to the COVID-19 pandemic and the actions of President Trump and President Biden, borrowers have not had to make payments and loans have not earned interest since March 2020. This is currently expected to change on September […]]]>

(NEXSTAR) – In less than 40 days, the payment pause on federal student loans should be lifted. Thanks to the COVID-19 pandemic and the actions of President Trump and President Biden, borrowers have not had to make payments and loans have not earned interest since March 2020.

This is currently expected to change on September 1, unless President Biden extends the payment moratorium again.

Here are three things you need to know before payments resume.

Preparation of payments

Payments, 0% interest rates and collection of defaulted loans are suspended until August 31.

Once the break is over, at least 21 days before your payment is due, you will receive a statement or notice, depending on the Federal Office of Student Aid. This will include how much you owe and when exactly it is due. Your loan officer may already have an estimate of the payment amount and due date for you.

Until then, FSA recommends updating your contact information on your profile with your loan officer and in your StudentAid.gov profile. With your loan officer, you will want to review or set up your direct debit enrollment.

Direct debit payments will not restart automatically for most borrowers. Instead, you’ll likely need to register to confirm registration, according to the FSA. Your direct debit payment status will impact the type of action you need to take before payments start again.

You can also use the loan simulator to find a repayment plan, such as an income-based repayment plan. If you already have an income-contingent repayment (IDR) plan in place, but your income has changed recently, you may qualify for a lower payment amount.

Check your forgiveness eligibility

While the payment break is set to end next month, you still have more than three months to take advantage of a temporary waiver of a loan forgiveness program.

Earlier this month, the Department for Education sent millions of borrowers emails urging them to check their eligibility for the Public Service Loan Forgiveness Scheme, or PSLF. The program provides loan forgiveness to public service employees after 120 eligible loan payments have been made.

Last year, a waiver of certain PSLF requirements was enacted to give borrowers credit for loan forgiveness, regardless of their federal loan type or whether they had been enrolled in a specific payment plan. , provided they have consolidated their debt into a direct loan before the end. of the waiver.

This waiver is currently about to expire after October 31, 2022, which means eligible borrowers have less than four months to apply.

To determine if you qualify and for instructions on how to apply, Click here.

Biden will soon make a decision on student loans

President Biden, when interrogates on student loans last week, said he would make a decision “by the end of August”.

It is still unclear exactly what this decision entails.

The Biden administration floated the idea of canceling $10,000 per loanuhwith the possibility that there is may be restrictions based on income or type of degree.

There are also calls to extend the payment pause and PSLF waiver.

Richard Cordray, the head of Federal Student Aid, said earlier this year at a conference that if he pushes for the PSLF waiver to be extended, President Biden may not have the executive power to approve such a move.

In addition to requesting the extension of the PSLF waiver, 134 organizations recently sent a letter to Biden urging him to extend payment break until after proposed adjustments to the IDR have been processed.

Education Department Secretary Miguel Cardona previously said borrowers would be given “adequate notice” when payments resumed. When Biden announced the final payment break on April 5, payments were due to begin in less than a month.

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Despite raising awareness and measures to reduce the threat, loan app scams are on the rise in Bangalore https://pconlyyazilim.com/despite-raising-awareness-and-measures-to-reduce-the-threat-loan-app-scams-are-on-the-rise-in-bangalore/ Sun, 24 Jul 2022 17:12:00 +0000 https://pconlyyazilim.com/despite-raising-awareness-and-measures-to-reduce-the-threat-loan-app-scams-are-on-the-rise-in-bangalore/ Lack of Due Diligence by Digital Service Providers Only Leads to Rise in Loan App Scams in Bangalore Lack of Due Diligence by Digital Service Providers Only Leads to Rise in Loan App Scams in Bangalore A 37-year-old businesswoman from Yelahanka recently contacted the North East Cybercrime Police to report about five mobile phone numbers, […]]]>

Lack of Due Diligence by Digital Service Providers Only Leads to Rise in Loan App Scams in Bangalore

Lack of Due Diligence by Digital Service Providers Only Leads to Rise in Loan App Scams in Bangalore

A 37-year-old businesswoman from Yelahanka recently contacted the North East Cybercrime Police to report about five mobile phone numbers, which not only spammed her with calls but also accessed her trading app for withdraw ₹4,800.

The victim said that a person, who called her to inform her of a Rupee loan application, began harassing her, her contacts and family members to repay a loan she did not had ever contracted. She never downloaded the app, she said in her complaint.

The businesswoman is not alone. The loan application scam appears to be a new category of cybercrime. He tops the list of recently reported cases in the city.

At least one in 10 cybercrime cases reported in the city is linked to harassment by loan applications, senior police officials said. Despite awareness and measures to reduce the threat, it continues unabated.

The procedure is simple: there are hundreds of applications available for free on the Google Playstore offering quick loans. Anyone who downloads the application grants access to their mobile phone. People with phone access can wreak havoc, a senior police officer said.

However, even those who have not downloaded any of these applications may also receive messages, as a person whose number is on their contact list may have downloaded such an application.

The investigation of these cases also faces major challenges. “Most of the leaders of these applications use WhatsApp calls and laptops to communicate. Accessing the IP address to track them is next to impossible unless cell phones or direct calls are used,” said an officer involved in several investigations into lending app scams.

The trend started with China’s instant loan apps, busted across the country, including by the state’s Criminal Investigation Department (CID), two years ago. However, local cyber crooks quickly caught on to the trend, and loan applications sprang up, posing a challenge to the police.

Police also blame a lack of due diligence on the part of service providers allowing these apps to proliferate without due diligence. “Even when particular apps are flagged by security agencies, the service provider’s response is poor and laid back. Many apps we flagged continue to be on the Google Playstore, allowing more people to be harassed and deceived,” the official said.

“A growing number of cybercrimes related to lending applications is a concern and requires a well-coordinated effort to effectively tackle the problem,” Anoop A. Shetty, DCP, Northeast Division.

The City Cyber ​​Crime Police has released a comic to inform the public and raise awareness about the dangers posed by lending apps. The Reserve Bank of India has also published a manual, Raju and 40 thievesfor the same, but loan apps continue to harass and defraud thousands of people every day.

Some of the recent crimes reported :

R. Harish from Baashankari borrowed an instant loan of ₹58,000 after downloading a loan app and repaying ₹1.9 lakh. But he received threatening messages and abuse every day demanding more money.

A 19-year-old girl had edited obscene videos sent to her family and contacts, demanding repayment of a loan she had never taken.

Hrishikesh Radhakrishna, 20, a student of KR Puram received a link on his mobile. he accidentally clicked on it while deleting the link. Soon, Alexandra Loan, Kangaroo Loan and Loan Seva apps were downloaded on her mobile and ₹45,000 was deducted from her bank account and transferred to three accounts. The defendant wrote “rapist” on the copy of his PAN card and distributed it to friends and family, demanding a refund.

Safety tips

Use protected and safe websites

Do not access unknown links

Do not download any unauthorized application

Ensure a strong password for your device and social media accounts

Call 112 to report a Cybercrime Incident (CIR) allowing suspects’ bank accounts to be frozen in the event of fraudulent bank account access or data theft

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Calculate auto loan interest and monthly interest payments https://pconlyyazilim.com/calculate-auto-loan-interest-and-monthly-interest-payments/ Fri, 22 Jul 2022 17:54:09 +0000 https://pconlyyazilim.com/calculate-auto-loan-interest-and-monthly-interest-payments/ Interest on a car loan is the cost of borrowing money to buy a car. Auto loan interest rates are expressed as a percentage. When expressed in APR (Annual Percentage Rate), it includes all lender fees, including loan origination fees, loan setup fees, and commission. Interest is calculated taking into account a few factors. The […]]]>

Interest on a car loan is the cost of borrowing money to buy a car. Auto loan interest rates are expressed as a percentage. When expressed in APR (Annual Percentage Rate), it includes all lender fees, including loan origination fees, loan setup fees, and commission.

Interest is calculated taking into account a few factors. The bank will look at your credit score and debt-to-equity ratio, along with other factors, to determine the interest rate they offer you. Essentially, the less creditworthy you are, the higher your interest rate will be.

How to Calculate Car Loan Interest Payments

There are several ways to calculate the monthly interest payment for your car loan. You can calculate it yourself or use an online loan repayment calculator, or work directly with a loan officer.

Calculate the car loan interest payment yourself

To get started, find the amount, interest rate and term of your car loan. The term can range from 24 months to 84 months, but the longer you take, the more interest you will pay. The lender will also consider your down payment and the amount you are borrowing.

Using this information, you can then calculate the amount of your monthly interest payments. Since a car loan is amortized – like student loans and mortgages – it’s a bit more complex than just calculating interest. You will first need to divide your interest rate by the number of payments you make in a year, probably 12. Then you will take that number and multiply it by the loan balance.

To get the monthly interest payment on a $25,000 loan with an interest rate of 4% with monthly installments, you would take 4% expressed as a decimal (0.04) and divide it by 12, then multiply the profit by 25,000. This amounts to an interest payment of $83 for your first month. To get the next month’s interest payment, you must repeat the process with the new loan balance.

Use a car loan calculator

You can go further by using an auto loan calculator. These calculators allow you to find the monthly payment with different interest rates and loan conditions. The Bankrate Auto Loan Calculator will also provide a full amortization schedule so you can see how much interest you are paying each month and the total interest paid over the life of the loan.

Speak directly to a lender

You can also speak directly to a lender to compare potential rates. Working with a loan officer means you can get a personalized idea of ​​what your loan might look like, including potential interest rates.

Factors That Determine Auto Loan Interest Rates

To get an idea of ​​the interest rates available to you, you can prequalify with several lenders. It is recommended that you prequalify with at least three before heading to a car dealership. Your auto loan rate is determined by a number of factors, including:

  • Credit score. Banks and lenders have systems in place to determine your creditworthiness and set your rates. The lower your score, the higher your rate.
  • Term of the loan. Generally, longer loan terms lead to higher rates. It also means a higher amount paid over the term of the loan, but may result in lower monthly payments.
  • Advance payment. Making a large down payment means you borrow less and are less likely to lose your loan.
  • Age of the car. Generally, the older the car, the higher the rate.
  • Work and education experience. Some lenders now take your work history and education into account when determining your interest rate, which means you could qualify for a decent rate without having the best credit score.

How to avoid paying too much interest

With the right strategy, you can pay less interest. Here are some tips to keep in mind to save money:

Shop for the best deal

As with other types of loans, the overall cost of a car loan comes down to one major factor: the APR. Knowing each lender’s APR can help you find the auto loan with the lowest overall cost.

Don’t just focus on numbers, though. Look at the lender’s requirements and restrictions too. You can check this on the lender’s website or by using their quote form or app. You can also check reviews.

Remember that the interest rate shown on the main page is probably the starting rate. To get this low rate, you’ll likely need excellent credit of 740 or more and a stable income.

Save before you buy

If you have some extra cash, you can use it as a down payment on your vehicle, which will lower your monthly payment and interest charges. Although it may seem counter-intuitive, a larger down payment can be more profitable than a long-term loan, since you’ll pay less principal and therefore less interest over time.

It is generally recommended to put at least 20% less, but it is not a strict requirement in most cases.

Don’t just check with the dealer

Dealerships make it easy to buy and finance in one place. But often a dealer won’t provide the best interest rate.

Get pre-approved from direct lenders before going to a dealership to ensure you get the best rate available. Plus, a pre-approval offer allows you to trade like a cash buyer.

The bottom line

Auto loan interest rates are based on several factors, including your credit score, loan term, down payment, vehicle age, and interest rate. Look at what you’ll pay in interest for different amounts, terms, and rates before you take out a loan. This will help you make an informed decision and avoid paying more interest than you should.

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Possible destinations for Facundo Pellistri’s next loan have been confirmed https://pconlyyazilim.com/possible-destinations-for-facundo-pellistris-next-loan-have-been-confirmed/ Wed, 20 Jul 2022 11:03:24 +0000 https://pconlyyazilim.com/possible-destinations-for-facundo-pellistris-next-loan-have-been-confirmed/ Facundo Pellistri is with Erik ten Hag’s Manchester United side on tour but it looks likely he will head to one of two possible destinations on another loan spell next season. The young winger found the goods against Jurgen Klopp’s Liverpool in Ten Hag’s first game in charge last week. A cool finish past isolated […]]]>

Facundo Pellistri is with Erik ten Hag’s Manchester United side on tour but it looks likely he will head to one of two possible destinations on another loan spell next season.

The young winger found the goods against Jurgen Klopp’s Liverpool in Ten Hag’s first game in charge last week.

A cool finish past isolated Alisson gave United their fourth goal of the game in brilliant counter-attacking style.

Now ESPN Uruguay has reported that the player will be loaned out again this season.

After a largely disappointing last spell at Alaves, the report adds that there are two possible destinations for the winger.

It won’t be a return to the Spanish club, where he started just six La Liga games last season.

Credit: Alamy

Instead, it’s been said that sources close to the player have confirmed that his next destination will be Italy or Portugal.

This would most likely see Pellistri joining a Serie A or Primeira Liga club.

The direct club remains to be confirmed, or decided, on Pellistri’s side.

After his impressive performances so far in pre-season, the player hopes to finally get a successful loan spell.

These can be crucial for young talent preparing to compete at Manchester United.

James Garner spent his last term with Nottingham Forest.

Credit: Alamy
Credit: Alamy

The midfielder helped the Championship side gain promotion in the play-offs and was a key member of the successful side.

Now he will feel more than ready to compete at Old Trafford if given the chance.

Unfortunately, the midfielder hasn’t made the tour yet as he was dropped out of the blue.

However, it has been confirmed that his absence, along with Raphael Varane, against Palace was purely preventative.

The 21-year-old hopes for an opportunity against Aston Villa in United’s last friendly down

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