Interest-free loans deliver village from hardship By HU DONGMEI in Xiji, Ningxia and ZHAO YIMENG | CHINA DAILY | Updated: 2021-02-09 09:30 Share CLOSE Meng Debiao attends to black goats at his farm in Xiji, Ningxia Hui autonomous region, last month. He was able to expand his livestock business thanks to an interest-free loan from the rural credit cooperative. HU DONGMEI/CHINA DAILY
At the end of January, Meng Yanzhou and his daughter were busy dealing with a large number of packages at his express delivery company in Mengji village, Ningxia Hui autonomous region.
As Spring Festival approached, his company was handling deliveries of dried fruit, garments and other online purchases.
Mortgage Business
Suncorp to withdraw from personal lending By Annie Kane 09 February 2021
The non-major bank has announced that it will cease offering personal loans as it moves to have a “greater focus on home lending”.
While releasing its results for the first half of the financial year 2021 (1H21), Suncorp Bank announced that it will not only withdraw its personal loan products, it will also permanently cease underwriting new travel insurance policies under all brands, and exit Vero from Australian consumer and construction policies via Australian intermediated partners, including brokers.
Suncorp currently offers both secured and unsecured personal loans starting from $5,000 on terms up to seven years.
socaltech.com
Costa Mesa-based
MeridianLink, a developer of loan origination, digital lending, and digital banking software, is in the midst of an IPO effort, according to a report. The report, from Reuters, said that MeridianLink is looking to go public via a SPAC, rather than a traditional IPO filing. The company has reportedly hired investment bankers for the deal; those bankers have not been announced or disclosed. The company is owned by private equity investor Thoma Bravo.
The holiday season may be long over. But for those who may have done a bit too much shopping over the holidays, the financial hangover may still be lingering.
Home loans accounted for the bulk of the industry’s lending gains in 2020, but inventory shortages in some markets and an uneven economic recovery may dim prospects this year.