Loan Guidelines

MoniLen Financial Services Ltd.

Loan Agreements

  • Interest Rates: (to be determined based on the varying levels of  risk of the borrower)
  • Loan Period: 6 months
  • Interest Payment: Monthly
  • Currency of Interest and Principal payments: United States or Jamaican Dollars

Sign’N Go Loan

  • 30 day repayment schedule
Borrower required to present following prior to disbursement of loan:-
  • Proof of employment
  • Letter to confirm salary deductions

Security Documentation

If borrower is using the equity from their home, the following documentation is required:-

  •  Copy of last three (3) salary slips or last 12 month’s bank statements if you’re self employed
  •  Copy of last utility bill (electricity, water, internet or telephone bill)
  •  Property title
  •  Valuation and surveyors ID report

If borrower is using the equity from their vehicle, the following documentation is required:-
  • Valuation
  • Certificate of Fitness
  • Copy of last three (3) salary slips or last 12 month’s bank statements

If borrower is self employed

  • Motor Vehicle Certificate of Title
  • Copy of Motor Vehicle Registration Certificate
  • Insurance certificate

In addition, we will require:

  • Valid photo identification
  • Twelve (12) months account statement from your financial institution
  • Two (2) references
  • TRN Card
  • Confirmation of address (e.g. utility bill)
cropped-header-image.jpg