A loan of $50,000 over 12 months will cost you $7,317 per
The total cost after 12 months is $87,804 which includes $19,800 interest and a $1,500 processing fee per month.
Loans greater than $100,000 will attract a insurance premium which is not reflected on the calculator. This is because insurance premiums are calculated dependant upon a person's age.
This calculator is solely for estimation purposes only. This is not a commitment to lend. All costs are quoted in Jamaican dollars.
Taking out a loan should not be done without serious consideration. We do not recommend loans for luxury items and entertainment.
But we also know that life happens. There are times when a loan is necessary. For example, car repairs, home repairs, gifts, education expenses, medical emergencies etc.
Loans can also be used to improve your financial future. Such as, consolidating debt, and starting or expanding a small business.
Taking a loan was definitely something I would do again! I have recommended it to my friends and family.
I applied for a loan and found that the process was seamless, clear and easy to follow.
The perfect solution when you needed a loan. I needed something quick.