Applying for a Personal Loan
BORROW UP TO $250,000 FOR 12 MONTHS
Interest rates range from 3%-4% per month. The figures show sample monthly payments for a $250,000 loan up to 12 months. Your actual interest rate and monthly payments will be determined based on your credit profile and final loan agreement.
GOT QUESTIONS? WE’VE GOT ANSWERS!
Individuals who are formally employed. If you’re unsure about your eligibility, feel free to contact us.
Our loans are repaid through salary deduction. If your employer does not currently offer this arrangement, we can contact them with your permission to explore setting it up. Employers who participate may also receive complimentary professional development training for their staff through our training partner, INFOSERV LMS, as part of our employer partnership program.
Borrow up to JMD $250,000, repayable up to 12 months.
Interest is charged at a flat rate of 3%–4% per month (equivalent to 36%–48% per year), depending on the applicant’s credit profile.
Basic personal, employment, and credit information. See the requirements listed on this page.
There are no upfront fees. A processing fee of $3,000 (+GCT) is due only after loan approval.
Yes — we offer processing fee discounts to all our clients.
Yes — $1,000 JMD for payments 3 days late, plus 0.05% daily interest after 5 days.
2–3 business days for first-time borrowers, 1–2 days for returning clients, after all required documents have been submitted.
Yes. Early repayment is allowed with no penalty fees. Please note that the full interest for the month in which the loan is cleared will still apply.
Loan requirements
Paperwork
- Last 2 month’s pay slips
- Job Letter
- Permanently employed for at least 6 months (borrower must have completed probation). OR have 1-year renewable contract.
- Proof of Address
- Proof of age (Passport, Driver’s license or birth certificate)
- Taxpayer registration number (TRN)
- Valid Government issued ID
- Last 2 month’s bank statements
- 1 passport-sized photo
- 2 References
- Free Credit Report (Without Score)
Note: The company may request additional documentation depending on your individual circumstances, such as a credit report (including score, at an additional cost), collateral, or a guarantor.
Loan Terms
Borrow up to JA$250,000 for up to 12 months
Fees
(15% GCT applicable)
Loan Processing
Non-refundable processing fee of $3,000 (due only upon loan approval)
Late Fees
Applicable if your loan payment is not made within three (3) calendar days of the due date.
Penalties
Non-Refundable
Repayment
Salary Deduction
Loan repayments are made via automatic salary deduction. Eligible borrowers include employees from approved private sector companies and civil servants.