Tag: financial planning software
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SBA EIDL Loans: Payments Resume for Struggling Small Businesses
During the COVID-19 pandemic, the Small Business Administration (SBA) provided a lifeline to over 3.9 million small business owners through Economic Injury Disaster Loans (EIDL). These 30-year loans came with a fixed interest rate of 3.75%, offering financial support to struggling businesses. While payment pauses were initially granted, the deferment periods have now ended, and…
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South Australia Braces for Refinancing Surge Amid Rate Cut Speculation
A potential surge in refinancing applications is anticipated across South Australia following the Reserve Bank of Australia’s upcoming decision. The prospect of another interest rate cut has prompted many homeowners and investors in SA to consider refinancing their loans. Loan Market has already noted a significant increase in refinancing applications from SA borrowers compared to…
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Regional Australia Bank Cuts Mortgage Rates to Attract Borrowers
Regional Australia Bank has made a significant move in the mortgage market by reducing its lowest two-year fixed home loan rate to 5.25% p.a., setting a new competitive standard. This rate cut is targeted at owner-occupiers with a loan-to-value ratio below 60%, offering them a favorable deal on principal and interest repayments. The bank’s decision…