Fake loan firms dupe people

Bogus financial companies are luring common people by offering loans with low rate of interest and vanishing subsequently after collecting processing charges. This has been happening for sometime online and many people from the city lost their money who deposited into their personal accounts.

“I had applied for a loan from a Delhi-based company which offered three per cent flat interest per annum. I have lost Rs.30,000 till now and I am unable to locate at least their address,” said Mr K. Appa Rao of Jagadamba centre.

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Personal loans price war kicks off as Tesco and HSBC slash rates

The opening shots have been fired in a personal loans price war with both Tesco Bank and HSBC slashing their rates.

Tesco Bank has reduced rates on its loans between £7,500 and £14,999 from 7.4 per cent APR to 6.7 per cent while HSBC today cut rates on loans between £7,000 and £15,000 from 6.9 to 6.4 per cent, albeit only until 13 November.

However, it pays to read the small print before making an application. HSBC personal loans are only available to customers with an HSBC current account – so you will need to be an existing customer or be willing to open an account to benefit from the low rate.

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Closing In On Deadline, DOE Finalizes Three Loans

New Hampshire, U.S.A. -- While the solar industry continues to face the brunt of the criticism in the aftermath of the Solyndra investigation, the Department of Energy is quickly working toward its Sept. 30 deadline to close loan guarantees with three announcements in other industries.

The most recent deals to close will back a biofuel project, a New Hampshire wind farm and a geothermal plant in Nevada.

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DebtAdviser: Avoid personal loan to ease credit-card debt

Dear Debt Adviser: Is it wise to get a personal loan of $17,000 to wipe out credit card debt? The cards have a maximum interest rate of 11.2 percent and my income is approximately $100,000 annually before taxes. I don't have a mortgage. -- Ira

Dear Ira: Your credit card debt would not be "wiped out" with a personal loan; it would simply be shifted to another type of debt using a different credit instrument. Sort of like rearranging the deck chairs on the Titanic, your actions wouldn't materially change what's going to happen, and might make it worse.

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Nationwide Offers Low Loan Rate of 6.3%

The new rate of 6.3% will be the lowest rate ever offered by the Building Society and will be available on loans between £7,500 and £14,999. The new rate will be offered to new customers as well as any existing customers who are taking out a new loan.

The new competitive rate will be offered on loans of variable lengths between one and five years for customers who have the Nationwide FlexAccount as their primary current account.

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Personal Loans For People With Bad Credit

Are you experiencing financial difficulty? Would you like to have the ability get personal loans? Moreover, dо уоu badly nеed money аt thіs verу moment? Are you plagued with a bad credit history?

Indeed, with today’s difficult tomes, it is а challenge tо make ends meet. Aside from thе economic crisis thаt practically thе whоlе world iѕ experiencing, thеrе іѕ alѕо a decrease in the supply оf basic needs, making thе essential neеds of man relаtivеlу costly. To add іn tо thе misery, aѕ а result of global crisis, many industries have closed shop causing mаny people tо lose their jobs. As such, in theѕe challenging times, іt іѕ very important tо wisely manage financial resources.

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Wells Fargo buys Bank of Ireland's real estate loans: report

(Reuters) - Wells Fargo & Co (WFC.N) won a bid for Bank of Ireland's (BKIR.I) $1.4 billion U.S. commercial real estate loan portfolio, the Wall Street Journal said, citing people familiar with the matter.

The 25 loans are backed primarily by commercial real estate in New York, Boston and Washington, and are classified as performing, the Journal said.

The loans were sold at close to face value, the people told the paper.

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