UAE sets maximum daily cash limit for VAT refunds to tourists

Tourists will now receive a maximum of Dhs 7,000 per day in reimbursement of value added tax (VAT) when they leave the United Arab Emirates, the Federal Tax Authority (FTA) has announced. Previously, the maximum amount of cash that could be refunded to a tourist for a 24 hour period was 10,000 Dhs. The new […]

Should you borrow the maximum amount for a mortgage?

Hopeful home hunters have been riding the regulatory roller coaster in recent years, but homebuyers’ budgets are doomed to a boost under a proposed change announced by the banking regulator. Credit crunch triggered by increased control of household finances expected to ease, with Australian Prudential Regulation Authority report its proposal to ease the interest rate […]

Do you make cash deposits at your bank? Know the cash limit and fees – SBI vs HDFC vs ICICI Bank vs PNB

Have you ever come across a situation where you went to deposit money into your account at bank branches, but did not really receive the full amount deposited. This happens because a marginal amount is deducted when depositing cash with banks as part of their service charges. Whether it’s a third party or yourself, the […]

Lender ran illegal business from jail cell

An ILLEGAL money lender who had his wife take over the business while in prison has been returned to prison. Paul Stretch ran an unlicensed home loan company in South Devon, charging 50% interest rates and going on like business when it was raided by police and trade standards. He was still loaning money and […]

Multi-Millionaire Illegal Money Lender Spared Jail After Court Says It Was A ‘Boon’ For Firms Denied By Big Banks

A multimillionaire who ran an illegal money lending racket escaped jail after being hailed as a “godsend” by borrowers who said his money was used to keep their businesses afloat when denied help from the main street banks. Craig LaPenna, 57, illegally loaned £ 1.1million to 30 associates and friends, including his carpenter, barber and […]

Sukanya Samriddhi Yojana: Age, minimum-maximum amount, account opening, interest rate, withdrawal, maturity, benefits, etc. – Answers to all questions

Sukanya Samriddhi Yojana (SSY) is one of the most sought after small savings programs in India. It is supported by the government of India. The program is intended exclusively for girls. Sukanya Samriddhi Yojana was started with the aim of encouraging parents or guardians to set up a fund for their daughter’s future education and […]

Denver Council Committee Approves Proposal to Raise Salaries by Maximum Amount

A Denver city council committee voted unanimously on Tuesday to advance a proposal that would increase their own salaries and those of other elected leaders by the maximum amount allowed by law. Under municipal law, the salaries of elected officials are reviewed every four years. Currently, Denver City Council members earn about $ 92,000; the […]

Stoke-on-Trent moneylender, who won £ 40,000, was ordered to pay back in cash – on pain of jail

Usurer Rita Tahwa was ordered to pay back £ 40,000 or go to jail after illegally loaning money to 100 members of the Zimbabwean community. The 43-year-old began lending money after being appointed administrator of a community loan program known as the “round”. Tahwa, of Briarwood Place, Meir, has benefited significantly by charging members interest. […]

Home loan eligibility: what is the maximum mortgage loan amount that can be borrowed?

The maximum amount of the mortgage that you can obtain depends on your solvency and your borrowing potential determined according to the norms and standards of the bank. Here are some of the points that will determine your mortgage amount: 1. DepositUsually, builders require buyers to pay 10-20% of the value of the property as […]

Bajaj Finserv RBL Bank SuperCard allows cash limit to be converted into personal loan

Bajaj Finance Ltd. Pune, Maharashtra, India: Bajaj Finance Ltd., the lending arm of Bajaj Finserv, offers multi-function credit cards in collaboration with one of the leading banks in India, RBL Bank Ltd. Now, in the event of a financial emergency, customers can convert their cash limit to Bajaj Finserv RBL Bank co-branded credit card into […]