Frequently Asked Questions

1. How long does the loan review process take?

It can take as little as 1 business day. 

TIP: The faster you provide all the supporting documents the faster your loan application will be processed.

 

2. How long after approval does it take to get the money?

You can receive the money the same day your application is approved.

 

3. How will the money be disbursed?

It can be directly deposited into your account the same day or a cheque can be disbursed to you.

 

4. How many guarantors do I need to have?

You need a minimum of one (1) guarantor to apply for a personal loan.

For a business loan, we verify your business and assets to secure the loan.

 

5. What is the minimum and maximum amount that you lend?

The minimum is $20,000.

The maximum is $1 Million.

 

6. What are the minimum requirements to apply for a loan?

For a Personal Loan

  • Be continuously employed for 1 year

  • Show that you earn at least $20,000 per month

  • Provide the last 3 payslips

  • Have a valid ID

  • Have a guarantor

  • Applying is quick and easy

  • Personal loan application >

 

For a Business Loan

  • Provide your TRN

  • Provide a valid ID

  • Business should have been in operation for 12 months or more

  • Provide a business bank statement showing expenses and receipts

  • Applying is quick and easy

  • Business loan application >

 

7. Where is your business located?

22B Old Hope Road, Kingston 5  

 

8. What is the repayment amount on the maximum loan size you offer?

Repayment amounts vary on the interest rate and the length of the loan.

 

9. What are your interest rates?

Interest rates are tailored and determined after the financial review of your documents.

TIP: Repeat customers in good standing may be offered an even more favorable interest rate.

 

10. Are there any application or processing fees to acquire a loan?

No, there are no upfront fees to apply.

 

11. Can I access a loan if I do not have payslips, or get paid through the bank?

Yes, contact us for further details.

 

12. Do you offer early payoff?

Yes, we do offer early payoffs with no penalty.

 

13. Do you offer debt consolidation loans?

Yes, we offer debt consolidation loans.

 

14. What payment methods do you offer?

All payment methods are accepted. (Salary Deduction, Direct Debit, Standing Order, Paymaster)

 

15. Is a guarantor required for small loan amounts?

A guarantor is required for all loans, but exceptions may be granted in special cases.

 

16. Can I use a motor vehicle as security if I cannot find a guarantor?

Yes, motor vehicles may be used as collateral.It must be registered to the applicant and must have a lien on it.

 

17. Can I be the guarantor for someone even though I am an existing client?

Yes, you can if you are a customer in good standing.

 

 

 

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 Currently operating in Jamaica, W.I.