MyMoney Online, Make Money Mondays

How to get a bank loan approved almost instantly

Personal finance expert Samke Ngwenya came on The Money Show to discuss, in detail, the five best ways to get a loan application approved:

  • Make sure your “debt-to-income” ratio falls within the acceptable range

  • Present a clear history of earnings that is verifiable

  • Take a "run up" to the application

  • Bargain

  • Create equity that has "rolled" or grown over time.

For more detail on each of these five points, listen to the YouTube clip below.

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
Best way to invest the jackpot if you win the lotto

Best way to invest the jackpot if you win the lotto

More than 70% of lotto winners go broke, warns Warren Ingram, a personal financial advisor at Galileo Capital.

Do-it-yourself stock picking for 1st-time small investors

Do-it-yourself stock picking for 1st-time small investors

There are dangers, but you can save money and take control. Ray White interviews Francois Strydom (Momentum Securities).

South Africa can have cheap electricity, forever! – former Eskom engineer

South Africa can have cheap electricity, forever! – former Eskom engineer

The Money Show’s Bruce Whitfield interviews Dr Tobias Bischof-Niemz, CEO at ENERTRAG South Africa.

'Drop shipping' - the shady side of connecting buyers with sellers on the web

'Drop shipping' - the shady side of connecting buyers with sellers on the web

The web was supposed to connect buyers to sellers, but not like this.

Meet Sandile Shabalala, CEO of black-owned and controlled TymeBank

Meet Sandile Shabalala, CEO of black-owned and controlled TymeBank

TymeBank has no branches and no monthly fees. Most transactions are free. Bruce Whitfield interviews its CEO.

Buying a used car? New app sends mechanic to inspect it before you decide

Buying a used car? New app sends mechanic to inspect it before you decide

Hanru Reyneke is on a mission to disrupt the used-car industry in South Africa by providing peace of mind to punchdrunk consumers.

Popular articles
Fikile Mbalula confirms Gupta brother's phone call

Fikile Mbalula confirms Gupta brother's phone call

EWN reporter Theto Mahlakoana unpacks Fikile Mbalula's testimony at the Zondo commission of inquiry into state capture.

Meet Sandile Shabalala, CEO of black-owned and controlled TymeBank

Meet Sandile Shabalala, CEO of black-owned and controlled TymeBank

TymeBank has no branches and no monthly fees. Most transactions are free. Bruce Whitfield interviews its CEO.

Survey reveals SA teachers 'emotionally overwhelmed'

Survey reveals SA teachers 'emotionally overwhelmed'

A report has revealed that many teachers feel overwhelmed and often feel they must step into the role of a 'proxy parent'.

[WATCH] 'We don't accept white people' says BLF registering for May elections

[WATCH] 'We don't accept white people' says BLF registering for May elections

Black First Land First (BLF) leader Andile Mngxitama made its exclusionist policy clear when registering at the IEC on Wednesday.

[VIDEO] Video allegedly showing Mampintsha beating Babes Wodumo creates outrage

[VIDEO] Video allegedly showing Mampintsha beating Babes Wodumo creates outrage

EWN reporter Kgomotso Modise in for Khabazela shares tweets and Facebook posts that have gone viral.

What happens to our bodies if we cut out sugar

What happens to our bodies if we cut out sugar

Naked Scientist Chris Smith explains.

[WATCH] A woman gives birth...in a moving car

[WATCH] A woman gives birth...in a moving car

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.