Frequently Asked Questions

What are the interest rates on loans?

Loans vary by type, situation and description, please see a loan agent.

What is the processing time for a loan?

If all documents have been provided a loan should be disbursed within 3-5 working days.

Is there a processing fee for a loan?

Yes. There is a processing fee of 4.2% attached to every loan.

How long do I have to repay the loan?

The maximum repayment time for any loan are as follows:
– Business loans: 42 weeks
– Personal loans: 48 weeks

How do I collect my loan?

Loans are disbursed via bank transfer, cash or cheque depending on client situation and loan amount.

What happens if I pay my loan fee late?

A late fee of $94 will be charged per day.

Customer Testimonial

The experience with LASCO has been fantastic, it has boosted my confidence and has allowed me and my business to grow. My loan officer was very confi dent and she exhibited genuine interest in my business and in assisting me with taking it to the next level. I would recommend a loan from LASCO to any small or upcoming business owner who needs that little extra to start off. Speak to a loan officer there and receive guidance, as they not only grant loans but give excellent financial advice. To this day my loan officer checks in with me occasionally.

Judith Dodd - Entrepreneur