Unsecured Loan

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
  • 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

Unsecured Loan

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