Applying for a Personal Loan
Loan requirements
To begin, simply complete the quick online questionnaire and upload the necessary
documents, designed to be as smooth as possible.
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
A daily fee will be charged if your payment, due but
not made, exceeds the three-day grace period.
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.