Consumer Loan

General Requirements
  • Must be permanently employed for at least one (1) year (must not be on probation).
  • Must be able to repay loan by either salary deduction or direct debit.
  • Must have good credit history or be a person with integrity.
  • Job letter stating salary, position & length of employment.
  • Last three (3) month’s pay slips.
  • Credit Reference.
  • Character reference from a high-ranking police office or Justice of the Peace.
  • A valid ID (Nat., Driver’s License, Passport).
  • One (1) passport size picture.
  • Your TRN card.
  • Proof of address (current utility bill etc).

Would you like an Unsecured Personal Loan?

Features:
• Financing available for up to $800,000.00
• May be used for any purpose
• Loan term/period – thirty (30) months
• Additional amount can be granted before completion of loan period
• Same day processed loan or within twenty-four (24) hours

Requirements:
• Refer to the general requirements
• Guarantor required for amounts above $250,000

Would you like a Motor Cycle Loan?

Features:
• Financing available up to $1. 6 million for individuals and $5 million for companies (fleet)
• Loan period up to thirty-six months for individuals and forty-eight (48) months for companies
• Up to 90% financing of sale price (inclusive of tracker and where possible insurance)
• Preferred bikes include Yamaha and Honda

Requirements:
• Refer to the general requirements
• Job letter
• Last 3 month’s pay slip
• 1 passport size picture
• A valid ID (Voter’s ID, passport, Driver’s licence)
• Pro-forma invoice
• Comprehensive insurance quotation
• C87 (import entry document)
• Driver’s license/provisional
• Proof of address
• Completed loan application
• Bill of sale

FAQS – Motor Cycle Loan

1. What is the LASCO Financial Services bike loan?
• The bike loan is our latest loan offering specifically designed for the purpose of purchasing new motorcycles.

2. Are there specific bikes that you lend for?
• The preferred bikes are Yamaha and Honda.

3. Where are the bikes available?
• We lend for brand new motor cycles being purchased through either of our partners: ‘Stewart’s Auto Sales (49-51 South Camp Road) and ‘Kingston Industrial Garage (381 Spanish Town Road, Kgn 11)

4. Who is the bike loan for?
• The bike loan is geared towards employed bearers, recreational users, and small/medium sized enterprises that utilize bikes such as distribution companies, restaurants, security companies, couriers, etc.

5. How do I qualify for a bike loan?
• You need to be employed for atleast one (1) year
• Must be able to repay the loan via salary deduction or direct debit
• Come in and speak to us directly for other ways to qualify

6. What if I am self-employed?
• You will need to provide copies of your contracts and bank statement(s).

7. What would I need if I am buying a fleet as a company?
• Supply us with your financial statements.

8. What are the estimated costs for the bikes supplied by KIG?
• FZ16 = JMD $375,000
• YBR125G = JMD $295,000
• YBR125 = JMD $290,000

9. What is the lowest repayment amount monthly for the KIG bikes?
• As low as $11,375.00 re the FZ16 for companies or $14,480 for individuals
• As low as $9,183.33 re the YBR125 or $11,198 for individuals
• As low as $11,198 for individuals re the YBR125G

10. What are the estimated costs for the bikes supplied by Stewarts?
• 2014 Honda CBX-250 Twister Motorcycle = JMD $570,000
• 2015 Honda CBF – 150 Invicta = JMD $300,000

11. What is the lowest repayment amount monthly for the Stewarts bikes?
• As low as $16,245.00 re the 2014 Honda CBX-250 Twister Motorcycle or $22,009 for individuals.
• As low as $8,550.00 for the 2015 Honda CBF – 150 Invicta or $11,584 for individuals

12. Does your loan cover the full cost of the motor cycle?
• We finance up to 90% of the total cost.

13. Does LASCO assist with insurance of the motor cycle?
• Yes we provide a separate loan to finance your comprehensive insurance amount (provided only through BCIC)

14. Are there any opportunities for discounts when I do this loan with you?
• We may facilitate discounts on tracking systems from select supplier ‘Hawkeye’

15. Where is the office that processes and facilitates the loan?
• Loans are processed at our head office on 29 Red Hills Road, Kingston 10.

16. What are the requirements?
• Job letter from your company
• Last three (3) month’s pay slip
• 1 passport size picture
• A valid ID (Voter’s ID, passport, Driver’s Licence)
• Proof of address
• Pro-forma invoice
• Comprehensive insurance quotation
• Bill of sale
• C87 (import entry document)

17. What is the maximum amount I can borrow?
• As an individual you may borrow up to 1.6 million.
• Companies may borrow up to 5 million (for fleet)

18. How long will I get to repay?
• Thirty-six (36) months or three (3) years for individuals
• Forty-eight (48) months or four (4) years companies

19. How long does the loan take to process?
• Under normal circumstances, about 3 days for approval.

20. Are there any fees involved in the process?
• There are small charges for processing & commitment fees.

21. What other loans do you offer?
• Personal
• Education
• Car
• Debt Consolidation
• Gov Plus for Government workers.

22. How can I get more information about Lasco Financial Services?
• You may call us toll free at 1-888-LAS-CASH (526-2274) or 1-618-LASF (5273)

Would you like an Education Loan?

Ensure you are making the right choice for realizing yours and your family’s educational goals with our secured Education Loan.

Features:
• Financing available up to $1.2 million
• Loan period up to seven (7) years depending on the collateral offered
• Can be accessed by a parent on behalf of a child
• Approval can be granted for the total amount required for tuition fee/books and disbursed in tranches to the institution

Requirements:
• Refer to the general requirements
• Evidence of collateral being offered as security (motor car, on life insurance policy, savings or investment)
• Proof of purpose such as acceptance letter or bank payment voucher from an institution

Would you like a Car Loan?

Dreaming of that new car? Make it a reality with the LASCO Financial Services Auto Loan. Come and talk to us today!

Requirements:
• Refer to the general requirements
• A pro-forma invoice (signed sales agreement)
• A valuation report for the current year no older than six (6) months from one of the following: Auto Assessors Ltd, AVC, MSC McKay, or Orion Loss Adjusters).
• Evidence of dealer deposit (stamped receipt or bank passbook)
• Copies of Fitness & Registration Certificates
• Copy of car title or C87
• Approval letter from Trade Board if the applicant is getting a concession
• Comprehensive insurance quotation
• Completed loan application form
• Bill Of Sale & loan agreement

Government Plus Loan

Financing available for civil servants and government workers up to $1 million

Features:
• Financing available up to $1 million
• Funds can be used for any purpose
• Loan period up to four (4) years
• Guarantor required for amounts above $500,000

Requirements:
• Refer to the general requirements above

Would you like us to help with Debt Consolidation?

Features:
• Financing available for up to $1,000,000 (above $500,000 must be secured)
• Loan period 36 months
• Consolidate two or more loans, resulting in one repayment amount

Requirements:
• Refer to the General requirements
• Statements showing loan or credit card balances to be settled
• Guarantor required for amounts above $250,000

Our Services

Need Help?

Please feel free to contact us. We will get back to you within 1-2 business days. Or just call us now

+1-876-906-7473
financial@lascoja.com

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