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Showing posts with label loans. Show all posts
Showing posts with label loans. Show all posts

Nairobi Cab Driver Warns: Car Faces Auction Over KSh 500k Debt

  • Caleb Tito is one of the Kenyans set to face the auctioneer's gavel, as he still owes KSh 500,000.
  • Just like any other individual aiming to become self-reliant, Caleb went to a microfinance institution and requested KSh 500,000, which was the amount he needed to purchase a car.
  • He had been making timely payments on the loan for a while, but unfortunately, health issues emerged, preventing him from completing it.

Nairobi: Kenyans are contacting a young man named Caleb Tito, who revealed in an emotional video that he is at risk of losing his home and car due to a KSh 500,000 debt.

In the video, Caleb mentioned that he is the eldest child in his family, and he was simply striving to create a better life for his widowed mother and those who follow him at home.

"I'm on the verge of breaking; it seems like Mutua's destiny is going to be mine, and all I have left is hope that's slipping away," he said.
"I am currently at work; I have been encouraged by Mutua to express myself; the same situation that occurred to Mutua also happened to me. I have been attempting to run a business, but health problems have impacted everything," he added.

What makes the car significant to Caleb?

Caleb's car serves as his primary means of earning money, and he obtained a loan from Haki Finance since he required a vehicle but lacked sufficient funds.

"I attempted to settle it, but my health problems made it impossible for me to pay. I put in a lot of effort; there are times when I work for 24 hours and only manage to sleep for an hour, yet it's still not sufficient. I never intended to take anything from anyone," said Caleb.

Numerous young individuals lose their lives daily in this area; they are involved in accidents and similar incidents due to things not going their way.

"I attempted to end my life during primary, secondary, and university education. Hope kept me going; as men, we don't usually talk about our struggles, but when we do, we stand together," Calen said.Daily News.co.ke.

What are the consequences of an approaching auction?

While stating that he is also an employer of five, Caleb mentions that it would have been challenging to retain them as well.

"I'm on the verge of losing everything this week. I'm not very resilient. I'm sleep-deprived and have no appetite," he said.
"Many have advised me not to quit, so the plan is to earn some money and escape default," he said.

Caleb is available at

What was the response of Kenyans to Tito's narrative?

Abela:

Your life is everything you require. Believe me, you will start over. The fear of the unknown is consuming you. I was in that situation two months ago...life has continued and I'm still alive. Maintain that hope...something will emerge.

Money 💰💰💰 🛍️:

Kama ni jaluo wacha afinywee na amalizwee ...juu jaluo ndo wanafanya kasongo akaee kwa power....finywaaaa.

The armature254🇰🇪:

Guys, you said it...it hasn't happened yet....Daily News mbogi, you said it to the boy.

@cheruto sheryl:

It will be fine for you, we've been through similar situations, dealing with auctions, but we're still here, brushing off the dust and continuing forward no🙏.

Shantel Ben:

Are you telling us when things were good 🤣🤣.

Ñemmy✝️💜:

I really want to tell you not to give up, but as the firstborn, I'm struggling too. It's really tough, but this is my life 😭.

Mutua receives KSh 250k, pool position

In a different tale, Joseph Mutua breathed a sigh of relief as circumstances began to improve for him, a few days following his lowest point.

A young individual had posted on TikTok explaining that he was being sold, and people felt deeply sympathetic towards him.

Currently, Mutua's life is transforming individually, as supporters begin to offer him various opportunities.

Bajaj Finance Unveils 'Loan Utsav' for Doctors with Up to Rs. 5,000 Cashback

NewsVoir

Pune (Maharashtra), India, July 18: Bajaj Finance has introduced a time-bound promotion for healthcare workers as part of its continuous 'Loan Utsav' initiative. This deal aims to assist physicians in addressing their financial requirements related to their profession—such as enhancing diagnostic equipment, growing a practice, or handling daily administrative tasks.

The initiative offers healthcare workers the opportunity to access adoctor loanA cashback of up to Rs. 5,000 is available for a loan amount of up to Rs. 80 lakh during the offer period. This benefit gets added to the user's Bajaj Pay Wallet once the loan is successfully disbursed.

The promotion is valid between July 1 and July 31, 2025, and is available to the first 50 doctors who finish their application and loan process via the Bajaj Finserv App or website and set up a Bajaj Pay Wallet within the campaign timeframe.

Key features and qualification requirements

During this short-term 'Loan Utsav' initiative, healthcare practitioners can not only obtain the financial support required to enhance their current practice, but also gain extra financial incentives.

Here are the main points of this initiative that will assist physicians in gaining a clearer insight into what the offer includes and how they can take advantage of it:

* Loan amount: Medical professionals can access business loans of up to Rs. 80 lakh

* Cashbackbenefit: Up to Rs. 5,000 added to the Bajaj Pay Wallet once the loan is successfully disbursed

* Promotion duration: From July 1 to July 31, 2025, or until the first 50 loans are successfully issued

* Eligibility: Accessible to physicians who apply via the Bajaj Finserv App or website throughout the promotion period

* First-come, first-servedOnly the initial 50 loans that have been issued are eligible for the cashback.

Cashback reward structure

Here's the amount of cashback a healthcare professional can receive following successful loan disbursement during the 'Loan Utsav' initiative:

CashbackThe customer's Bajaj Pay Wallet is credited after the loan is successfully disbursed. If a customer does not have an active Bajaj Pay Wallet, rewards will be provided in the form of Bajaj Coins, which can be redeemed through the Bajaj Finserv App.

How to access the offer

These are the procedures to be adhered to in order to claim the promotion:

* Access the Bajaj Finserv app or website, go to 'Doctor Loan', and select 'Check'Eligibility' button

* Complete the application form by providing essential information such as full name, PAN, date of birth, and medical registration certificate.

* Once you have filled in all the necessary details, select 'Continue' to proceed to the loan options page.

* Define the loan amount required and select among our three physician loan choices: Term Loan, Flexi Term Loan, or Flexi Hybrid Term Loan.

* Choose your desired loan term, which can be between 12 and 96 months, and then click 'Continue'.

* Finish the banking procedure and submit the physician loan application.

What makes Bajaj Finserv Doctor Loan a good choice?

Bajaj Finserv Doctor Loan offers a range of benefits that make it a great option. Below are some important advantages of choosing this loan:

1. Large loan amount: Doctors and healthcare professionals can access a loan of up to Rs. 80 lakh, which can be utilized for significant purchases of medical devices, expansion of clinics, or covering day-to-day expenses.

2. Variable loan term: The repayment period varies between 12 months and 96 months, allowing it to match the borrower's financial circumstances.

3. Attractive interest rates: The loan offers cost-effectivedoctor loan interest rates, which makes it affordable and simple to pay back.

4. Fast release of funds: Through minimal documentation and straightforward procedures, the loan is typically released within 48 hours*, allowing medical practitioners to obtain financial support promptly.

5. No security required: This loan designed for medical professionals is unsecured, so there's no necessity to offer any collateral to access it.

Under the Loan Utsav promotional offer, medical professionals can now access premium financial solutions along with extra benefits. Apply for the Bajaj Finserv Doctor Loan today to get funding as high as Rs. 80 lakh and receive a cashback of up to Rs. 5,000.

*Terms and conditions apply.

Bajaj Finance Ltd. ('BFL', 'Bajaj Finance', or 'the Company'), a division of Bajaj Finserv Ltd., is a deposit-taking Non-Banking Financial Company (NBFC-D) that is registered with the Reserve Bank of India (RBI) and categorized as an NBFC-Investment and Credit Company (NBFC-ICC). BFL operates in the lending and deposit acceptance sectors. It maintains a varied lending portfolio covering retail, small and medium enterprises (SMEs), and commercial clients, with a strong presence in both urban and rural areas of India. The company accepts public and corporate deposits and provides a wide range of financial services to its customers. As a business that has been around for thirty-five years, BFL has emerged as a major player in India's NBFC industry, boasting a total customer base of 69.14 million on a consolidated level. BFL holds the top domestic credit rating of AAA/Stable for long-term borrowing, A1+ for short-term borrowing, and CRISIL AAA/Stable & [ICRA]AAA(Stable) for its fixed deposit program. Additionally, it has a long-term issuer credit rating of BB+/Positive and a short-term rating of B from S&P Global ratings.

To know more, visit www.bajajfinserv.in

(ADVERTORIAL DISCLAIMER: The aforementioned press release has been submitted byNewsVoir. ANI will not be held responsible in any manner for the content thereof)