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Africa finance corp launches $150 mln loan into syndication sources

DUBAI Feb 8 Africa Finance Corp, a Lagos-based financier of development projects including infrastructure and heavy industry, has invited banks to participate in providing it with a $150 million, two-year loan, sources said on Monday. The institution, whose membership comprises nine mostly West African states including Nigeria and Ghana, is owned 42.5 percent by Nigeria's central bank, 47.6 percent by other African financial institutions and 9.8 percent by several industrial and corporate shareholders, according to its website.

It has mandated Bank of Tokyo-Mitsubishi UFJ, Citibank, Emirates NBD, JP Morgan and Standard Chartered to arrange the loan, the sources said on condition of anonymity as the information is private.

Asked to comment, AFC told Reuters that it would use the proceeds of the loan for general corporate purposes in accordance with its charter. It did not confirm details of the loan.

Brazil to ease tax, funding rules for mid sized companies

SAO PAULO, June 16 The Brazilian government, seeking to unlock more financing for smaller companies, will ease tax and financing rules to lure more investment into the sector, Finance Minister Guido Mantega said on Monday. Under a series of rules unveiled at an event in São Paulo, Mantega said investments in shares of mid-sized companies will be exempted from income tax through 2023. Likewise, investor purchases of infrastructure notes - or debt issued by companies to finance the contruction of major civil construction and heavy investment projects - will be exempted from tax on capital gains.

Logbook Loans

Logbook loans are best suited for taking a low cost finance in a very easy manner as the loan is given on your car or any vehicle logbook. Compare different lenders before making a deal. Logbook loans are also a good choice for individuals with bad credit histories since they do not involve any credit checking. Individuals who are facing bankruptcy and CCJ’s can also apply for the loan. Logbook loans are appropriate to satisfy loan demands ranging from Ј500-Ј50,000. Depending on the lender and the vehicle, the amount of logbook loans can stretch to larger amounts.

Logbook loans are quickly deemed suitable. This is because there is no minute assessment of the car involved in the supply of loans and logbook to the approval almost immediately. Logbook loans are the easiest way to get money by keeping logbook as security. As, Collateral for logbook loans is the logbook of your car. Logbook loans are secured on just the logbook of the vehicle the borrower owns. Logbook is the legal document bearing the proof of your ownership over the vehicle.

Logbook loans are also preferred for the promptness with which they are approved and sanction the loan amount. A borrower needs to fulfil certain basic criteria for availing logbook loans. Logbook loans are considered as fast loans. This is because there is no minute valuation of the car involved in offering logbook loans and so the approval is almost instant.

In conclusion logbook loans are a quick and easy way to borrow against your car.