If approved, about 6 million borrowers will send their monthly payments to a new service agent. Navient plans to transfer those loans to Maximus, a company that has already contracted with the Department of Education to pay off overdue student…
KARACHI: Creditors are expected to restructure TeleCard's outstanding Rs 700 million TFC loan soon, which would pave the way for regulatory approvals for the planned IPO of its subsidiary, Supernet, the company said. The company had raised 2.4 billion rupees…
Text size Navient shares were down 13.9% on Wednesday. The time of dreams Navigate , the nation's largest student loan company, has sought government approval to terminate its loan service contract for student loan accounts owned by the U.S. Department…
Are you looking to grow your business? You may want to consider taking out a term loan to get financing. There are many ways to tailor a term loan facility to your needs, while still keeping your lender happy. A…
Two student loan companies that serve a total of 10 million borrowers are closing their doors this year. Federal director of student aid Richard Cordray said companies didn't want more accountability. It plans to keep businesses at higher standards to…
Best Business Loan Lenders of 2020 - Business loans are a great way to get the financing your business needs to thrive. Discover the best financing solutions for your business that offer low rates, ideal repayment terms and fast approval.…
MUMBAI: The Kotak Mahindra Group announced on Thursday that it has acquired the vehicle finance loan portfolio of Volkswagen Finance Pvt Ltd (VWFPL), the Indian captive finance arm of the Volkswagen Group. Under the agreement, Kotak Mahindra Prime Ltd will…
TQM sets 300 million baht target for new lending business Easy Lending will be launched this year Unchalin Punnipa, president and chairman of TQM. TQM Corporation, the only SET-listed insurance broker, is preparing to enter the personal lending industry in…
China is looking to dismantle the Ant Group's Alipay and create a separate app for the fintech giant's highly profitable lending business. Regulators have ordered Ant Group to separate its consumer loan business, credit card-type Huabei and microcredit provider Jiebei,…
Construction boss Lilliana Savchuk saved her business from administration with commercial financial support from ABL Business. Lilliana, director of London City Facades Ltd in Nazeing, Essex, was able to buy out the company after a dispute between directors caused cash…
Two student loan companies shut down in December, affecting 10 million borrowers. Seth Frotman, ex. director of the Student Borrower Protection Center, said this offered a chance for reform. Student loan companies have been scrutinized for decades on charges of…
Beijing plans to dismantle the Alipay super-app in order to create a new app for the lending activities of the company's more than one billion users, according to a Financial Times report. That would make the restructuring the most visible…
India Post Payments Bank (IPPB) under the Department of Posts, Ministry of Communications and LIC Housing Finance (LICHFL) today announced a strategic partnership to provide mortgage products to more than 4.5 million customers of the IPPB. The LIC Housing Finance…