Monthly Archives: June 2021

Harassed by lender, two friends kill themselves by consuming poison in Madhya Pradesh district

Bhopal (Madhya Pradesh): Harassed by a money lender, two friends allegedly committed suicide by consuming a toxic substance in the district of Rajgarh, police said on Tuesday. While a friend owned a pathology lab, another ran a salon at two different locations in the district. The deceased have been identified as Narayan Singh, a resident […]

SA money lender now accepts NFTs as collateral

Lamna Financial co-founder Charles Meyerowitz. South Africa based asset backed lender Lamna Financial claims to be one of the first financial services companies in the world, and the first in Africa, to offer loan advances against non-fungible tokens (NFTs). The registered credit provider offers short-term asset-backed loans for high net worth individuals. The company offers […]

Former Buganda prime minister sues money lender

By Betty Ndagire Former Buganda Prime Minister John Baptist Walusimbi sued a money lender and estate administrator claiming over 471 million shillings in damages for unjust enrichment. In a case filed with the Commercial Division of the High Court, Eng Walusimbi, who was Prime Minister of Buganda between 2008 and 2013, accuses RL Jain Limited […]

What is the maximum amount you can borrow with a reverse mortgage?

A reverse mortgage is a type of loan typically used by elderly and retired borrowers who choose to borrow money against the equity in their home. Typically, you need to refinance your home equity loan to access your home equity, which means taking out a full new home loan. A reverse mortgage gives you access […]

Are you planning to withdraw the PF? Know the impact of income tax on the amount of money that will be credited to your bank account

The Employee Provident Fund (EPF), a government-backed scheme, is one of the most important financial security mechanisms available to working people. The contribution to the EPF is reduced to 10 percent. It was 12% earlier for non-governmental organizations. The employer and the employee deposit their contributions each month with the Employee Welfare Organization (EPFO). The […]