Quick, Convenient Loans for Any Purpose!
Loan Calculator
Get an indicative quote of your loan cost
| How much would you like to borrow? 2500 B$ |
| How long would you like to pay back? 12 Months |
-B$450.00-B$68.751981.25
| Your target rate | - 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 .- 0123456789 % |
| Monthly cost:- B$222.71 | |
| Total amount payable B$ 2672.52 |
| Interest Rate:- 12.50 %(*) |
* - Illustrative Terms only. Subject to individual assessment
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All About Borrowing
We provide a quick, convenient way to get a loan! Apply online in minutes for loans from 1 to 5 years. Loans are currently up to B$30,000 for new Borrowers and up to B$50,000 for existing Borrowers with a good payment history.
Why Carilend?
Peer to Peer lending has been growing exponentially around the globe for over 10 years. We have brought the fast process, great rates and flexible terms to the Caribbean for the first time.
Let's Get Started
Applying for your loan could not have been made easier. Supply all your details and supporting information online in a matter of minutes and get your answer within one business day. Why wait?
Why Borrow With Us
Peer to Peer lending cuts out the middleman and brings convenience, simplicity, fairness and flexibility to the process of getting a loan.
Peer to Peer Lending – Benefits for All
Peer to Peer lending brings together Borrowers and Lenders. Our convenient online application process can be completed in a few minutes, and you will get your answer within one business day as long as you have provided all of the information that we need.
What is P2P
Peer to Peer lending directly brings together Borrowers and Lenders and cuts out the middleman to bring better returns to Lenders. It has grown globally, and now through Carilend, it is available in the Caribbean for the first time.
Safety/Risks
We have built multilayered protection into our risk management, including an individual assessment of every Borrower, diversification of your funds, a Reserve Fund to protect against defaults and Third Party Insurance.
How it Works
Peer to Peer lending matches Lenders directly with Borrowers and completes the process online in a convenient, secure and fair way.
How Carilend works
We have brought Peer to Peer lending to the Caribbean for the first time. We have adopted the globally recognized best practice from the UK market and adapted it for the Caribbean. With our tools to guide your lending decisions, our risk management to protect your investment and the great returns available we are sure you will be impressed.
Loans from $5,000 to $150,000 from the comfort of your home
Permanently employed and paid through a bank? InstaLoan is the fastest most convenient way to access cash, and the application is 100% online. You could be approved in just one business day.
Fast. Easy. Safe.
Call us crazy, but we think you shouldn’t have to go through a long, drawn-out loan process when you need quick cash, so we designed a smart online experience to get you paid fast. With InstaLoan, you never have to visit a bank in person. How’s that for convenience?
Questions? We’ve got answers.
What is InstaLoan?
InstaLoan is a fast, safe and fully unsecured personal loan where you can borrow between $5,000 to $150,000 and complete the application process 100% online.
What documents do I need to provide?
Just the standard stuff. To process your loan application, we’ll need the following:
- One piece of national ID (passport, driver's licence or national ID card)
- Selfie (uh huh, we’ll need to see what you look like)
- Bank Statement (Two recent bank statements which show your name, your address, bank, branch and bank account number as well as account activity including salary payments and other credits)
- Payslip (two recent payslips)
- Job letter (A letter on your employer’s letterhead with details about your job title, employment tenure and salary)
Who’s behind InstaLoan?
That would be Massy Finance, a Trinidad and Tobago non-bank financial institution registered with the Central Bank, and Carilend, a leading fintech company headquartered in Barbados. Together, we are on a mission to revolutionise borrowing across the Caribbean through online banking. In 2017, Carilend successfully launched the first peer-to-peer lending service in Barbados. Three years later, they partnered with the VM Group in Jamaica to provide quick and easy online loans to Jamaicans. Now they are bringing this amazing technology to Trinidad and Tobago consumers with the powerful backing of Massy Finance.
Do I need to provide collateral?
All of our loans are unsecured personal loans, so we do not require any collateral, deposits or guarantors.
Are there any penalties for early repayment?
You can repay the loan at any time, and there are no penalties for early repayment. The interest is calculated on a reducing balance, so you will only pay interest for the time you had the loan.