Product Overview

Our exciting new Unsecured Loan product offers an exciting new option for our Members to help them meet a variety of needs. These may include a major health expense or even a dream vacation.

With the Unsecured Loan, our Members are able to access a personal loan at a competitive rate with flexible repayment terms.

Product Details

Target Groups

• Persons who:
  • Demonstrate sound credit worthiness and satisfactory credit history
  • Are permanently employed
  • Employed for a minimum of 2 years, continuously

Features

• Available in JMD only
• Minimum loan amount $150,000
• Maximum loan amount $5,000,000
• Maximum DSR 45%
• Creditor life insurance
• Compulsory savings

Selling Points

• No penalty for early repayment
• Loan decision within 2 business days
• Lower interest rate than most unsecured facilities in the market
• Low processing fee

Loan Term

• Minimum 12 months
• Up to 36 months for JM$300,000 or less
• Up to 60 months for JM$300,001 and over