Personal Loans for Any Purpose
Responsible Borrowers who handle their money well and meet our eligibility criteria can obtain personal loans through Carilend. We will assign you a personal credit score and carry out credit checks to ensure you can repay the loan you request. Based on your credit score, we assign a personalized loan interest rate that reflects your individual capability.
You can get a personal loan through Carilend for:
You can get a personal loan through Carilend for:
- Home Improvement
- Consumer Goods Purchase (furniture, electrical, etc.)
- Getting Married
- Education
- Travel
- Repay Credit Cards/Other Loans
“We are here to change the way of lending and borrowing in the Caribbean and make it a better, safer and fairer process for all.”
Mark Young, CEO and Co-Founder, Carilend
Who can get a loan through Carilend?
We promote responsible and fair borrowing by those who can afford it and are good with their money. To get a loan, you need to confirm:
-
You are between the ages of 21 and 65
-
You are a current resident in the Caribbean country you are applying from for a minimum of 3 years
-
You have a regular source of income which is paid into a local $ bank account or credit union account in the Caribbean country you are applying from
- You earn a net salary of at least B$1,800 a month
-
You have a good credit history
-
You are able to afford the loan
What will you need to supply?
To apply for a personal loan through Carilend, you will need to supply the following information. So make sure you have it all handy to make your application process as quick and convenient as possible!
-
Your personal details – name, address, date of birth, email address and telephone numbers
-
Your employment/income details – employer, time employed, position, salary
-
Your personal finance details – income and expenses such as rent/mortgage costs, living expenses, other debt costs
-
Valid passport, driver's license or Trident Card to prove your identity along with a recent Selfie picture
- Two months recent payslips and an employment letter to validate your income and employment details
-
Two months recent statements from the account where your salary is lodged to confirm your banking details and salary credits
Carilend – making Personal Loans in the Caribbean more convenient, fairer and more flexible
How is the cost of your loan calculated?
Total Amount Payable: This is the amount you will pay if you repay your loan in full over the full term agreed and make all payments on time. The Total Amount Payable consists of:
1) Amount of Credit: How much you request to borrow.
2) Interest: What Lenders will earn for lending you their money. Interest is charged on the amount borrowed and the Carilend Fee.
3) Carilend Fee: This is what you pay Carilend. The fee is spread over the life of your loan and included in your monthly instalment. It covers:
- Arranging and managing your loan (currently B$450 in Barbados)
- The Reserve Fund Contribution which helps protect our Lenders (Varies as a percentage of loan amount depending on your credit score/Risk Grade)
Other Useful Terms to Know:
Monthly Instalments: The Total Amount Payable is divided into equal, fixed monthly instalment payments over the life of your loan.
APR (Annual Percentage Rate): The total cost of your loan as an annual percentage. This is useful to compare loans.
Loan Servicing Share of Interest: The amount we deduct from the interest you pay in every Monthly Instalment to cover the costs of managing your loan (currently set at 30% of the amount of each interest payment).
APR (Annual Percentage Rate): The total cost of your loan as an annual percentage. This is useful to compare loans.
Loan Servicing Share of Interest: The amount we deduct from the interest you pay in every Monthly Instalment to cover the costs of managing your loan (currently set at 30% of the amount of each interest payment).
Late Repayment/Failed Direct Debit Fee: The fee payable for each time a loan payment is missed or paid late and/or a direct debit request is declined by your bank (currently B$50 in Barbados).
Interest on Late Payments: The interest paid on loan payments that have been missed or paid late.
Responsible Borrowers who handle their money well and meet our eligibility criteria can obtain a VM eLoan powered by Carilend. We will assign you a personal credit score and carry out credit checks to ensure you can repay the loan you request. Based on your credit score, we assign a personalized loan interest rate that reflects your individual capability.
You can get a VM eLoan powered by Carilend for:
You can get a VM eLoan powered by Carilend for:
- Home Improvement
- Consumer Goods Purchase (furniture, electrical, etc.)
- Getting Married
- Education
- Travel
- Repay Credit Cards/Other Loans
“We are here to change the way of lending and borrowing in the Caribbean and make it a better, safer and fairer process for all.”
Mark Young, CEO and Co-Founder, Carilend
Who can get a VM eLoan powered by Carilend?
We promote responsible and fair borrowing by those who can afford it and are good with their money. To get a loan, you need to confirm:
-
You are between the ages of 21 and 65
- You earn a net salary of at least J$60,000 a month
-
You have a regular source of income which is paid into a local $ bank account, credit union account or building society account in the Caribbean country you are applying from
- You can show continuous employment history for at least 2 years
-
You are a current resident in the Caribbean country you are applying from for a minimum of 3 years
-
You have a good credit history
-
You are able to afford the loan
What will you need to supply?
To apply for a VM eLoan powered by Carilend, you will need to supply the following information. So make sure you have it all handy to make your application process as quick and convenient as possible!
-
Your personal details – name, address, date of birth, email address, telephone numbers and TRN
-
Your employment/income details – employer, time employed, position, salary
-
Your personal finance details – income and expenses such as rent/mortgage costs, living expenses, other debt costs
-
Valid Passport, Driver's License or Elector Registration Identification Card to prove your identity along with a recent Selfie picture
-
Two months recent payslips and an employment letter to validate your income and employment details
-
Two months recent statements from the account where your salary is lodged to confirm your banking details and salary credits
Carilend – making Personal Loans in the Caribbean more convenient, fairer and more flexible
How is the cost of your loan calculated?
Total Amount Payable: This is the amount you will pay if you repay your loan in full over the full term agreed and make all payments on time. The Total Amount Payable consists of:
1) Amount of Credit: How much you request to borrow.
2) Interest: What Lenders will earn for lending you their money. Interest is charged on the amount borrowed and the Carilend Fee.
3) Carilend Fee: This is what you pay Carilend. The fee is spread over the life of your loan and included in your monthly instalment. It covers:
- Arranging and managing your loan (currently J$25,000, inclusive of GCT, in Jamaica)
- The Reserve Fund Contribution which helps protect our Lenders (Varies as a percentage of loan amount depending on your credit score/Risk Grade)
Other Useful Terms to Know:
Monthly Instalments: The Total Amount Payable is divided into equal, fixed monthly instalment payments over the life of your loan.
APR (Annual Percentage Rate): The total cost of your loan as an annual percentage. This is useful to compare loans.
Loan Servicing Share of Interest: The amount we deduct from the interest you pay in every Monthly Instalment to cover the costs of managing your loan (currently set at 30% of the amount of each interest payment).
APR (Annual Percentage Rate): The total cost of your loan as an annual percentage. This is useful to compare loans.
Loan Servicing Share of Interest: The amount we deduct from the interest you pay in every Monthly Instalment to cover the costs of managing your loan (currently set at 30% of the amount of each interest payment).
Late Repayment/Failed Direct Debit Fee: The fee payable for each time a loan payment is missed or paid late and/or a direct debit request is declined by your bank (currently J$2500, inclusive of GCT, in Jamaica).
Interest on Late Payments: The interest paid on loan payments that have been missed or paid late.
Responsible Borrowers who handle their money well and meet our eligibility criteria can obtain a VM eLoan powered by Carilend. We will assign you a personal credit score and carry out credit checks to ensure you can repay the loan you request. Based on your credit score, we assign a personalized loan interest rate that reflects your individual capability.
You can get a VM eLoan powered by Carilend for:
You can get a VM eLoan powered by Carilend for:
- Home Improvement
- Consumer Goods Purchase (furniture, electrical, etc.)
- Getting Married
- Education
- Travel
- Repay Credit Cards/Other Loans
“We are here to change the way of lending and borrowing in the Caribbean and make it a better, safer and fairer process for all.”
Mark Young, CEO and Co-Founder, Carilend
Who can get an InstaLoan?
We promote responsible and fair borrowing by those who can afford it and are good with their money. To get a loan, you need to confirm:
-
You are between the ages of 20 and 65
-
You are a current resident in Trinidad and Tobago for a minimum of 3 years
-
You have a regular source of income which is paid into a local TT$ bank account
- You earn a net salary of at least TT$3,000 a month
-
You have a good credit history
-
You are able to afford the loan
What will you need to supply?
To apply for an InstaLoan powered by Carilend, you will need to supply the following information. So make sure you have it all handy to make your application process as quick and convenient as possible!
-
Your personal details – name, address, date of birth, email address, telephone numbers
-
Your employment/income details – employer, time employed, position, salary
-
Your personal finance details – income and expenses such as rent/mortgage costs, living expenses, other debt costs
-
Valid passport, driver's license or identification card to prove your identity along with a recent Selfie picture
-
Two months recent payslips and an employment letter to validate your income and employment details
-
Two months recent statements from the account where your salary is lodged to confirm your banking details and salary credits
Carilend – making Personal Loans in the Caribbean more convenient, fairer and more flexible
How is the cost of your loan calculated?
Total Amount Payable: This is the amount you will pay if you repay your loan in full over the full term agreed and make all payments on time. The Total Amount Payable consists of:
1) Amount of Credit: How much you request to borrow.
2) Interest: What Lenders will earn for lending you their money. Interest is charged on the amount borrowed and the Carilend Fee.
3) Carilend Fee: This is what you pay Carilend. The fee is spread over the life of your loan and included in your monthly instalment. It covers:
- Arranging and managing your loan (currently J$15,000, inclusive of GCT, in Jamaica)
- The Reserve Fund Contribution which helps protect our Lenders (Varies as a percentage of loan amount depending on your credit score/Risk Grade)
Other Useful Terms to Know:
Monthly Instalments: The Total Amount Payable is divided into equal, fixed monthly instalment payments over the life of your loan.
APR (Annual Percentage Rate): The total cost of your loan as an annual percentage. This is useful to compare loans.
Loan Servicing Share of Interest: The amount we deduct from the interest you pay in every Monthly Instalment to cover the costs of managing your loan (currently set at 30% of the amount of each interest payment).
APR (Annual Percentage Rate): The total cost of your loan as an annual percentage. This is useful to compare loans.
Loan Servicing Share of Interest: The amount we deduct from the interest you pay in every Monthly Instalment to cover the costs of managing your loan (currently set at 30% of the amount of each interest payment).
Late Repayment/Failed Direct Debit Fee: The fee payable for each time a loan payment is missed or paid late and/or a direct debit request is declined by your bank (currently J$7,000 + GCT in Jamaica).
Interest on Late Payments: The interest paid on loan payments that have been missed or paid late.