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Loan Calculator

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How much would you like to borrow?

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How long would you like to pay back?

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Your target rate . %
Monthly cost:- J$
Total amount payable J$
Interest Rate:- 23.00 %(*)
* - 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.

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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.

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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?

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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. Find out more about how it works by exploring our website further or click below to get started right away!

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Decide Your Amount to Lend

Decide Your Length Of Time

Select Your Risk and Return Rates

Invest Your Money

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.

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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.

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Why Carilend?

Peer to Peer lending has been growing exponentially around the globe for over 10 years. We have brought the convenience, great returns and flexible terms to you in the Caribbean!

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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. Find out more about how it works by exploring our website further or click on the link below to get started right away!

Start Investing Now

Choose Your Amount
WITHIN SECONDS

Fill Out Your Application
WITHIN MINUTES

Get Your Approval
WITHIN HOURS

Get Your Money
WITHIN DAYS

All About Borrowing

We provide a convenient, simple, flexible and fair way to get a loan to satisfy your needs in Jamaica. Apply online in minutes for loans from 1 year to 5 years. Loans are currently up to J$3,000,000.

Learn More

Why Carilend?

Victoria Mutual has partnered with Carilend to bring online lending and quick, convenient loans to Jamaicans just like you! Together, we bring you a fast process, great rates and flexible terms.

Learn More

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?

Start Now
Start Borrowing Now

Borrowing through Us

Our online lending process cuts out the middleman and brings convenience, simplicity, fairness to the process of getting a loan.

Quick, Convenient Loans for Any Purpose!

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. Find out more about how it works by exploring our website further or click below to get started right away!

Start Borrowing Now

Loans from $5,000 to $100,000
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.

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InstaLoan℠ personal loans are originated by Carilend®, a Massy Finance fintech partner.

Apply in minutes. Money within days1.

What would you like to do?

Consolidate debt

Major purchase

Home improvement

Handle emergency

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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?

How it works?

Apply online

Submit your personal, financial, and employment info using the simple form. Then upload a few documents like your job letter and payslip.

Verify your info

We get to know you. We verify your identity, income, expenses and take a look at your credit history to determine your InstaLoan terms.

Get your money

Once approved, you’ll review and accept your loan and we’ll transfer the funds to your bank account. 100% online. It’s that easy.

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Stop stressing about unplanned expenses.

We get it, life is full of surprises. Whether you need to pay a bill, handle an emergency, or go on a family getaway, grab your phone and get an InstaLoan.
Once you’re approved, you can get cash in as little as one day. It’s as easy as ordering a pizza, except you build valuable credit history.

expenses
loan-benefiits

A loan that always has your back.

Stop depending on others not knowing if they’ll come through for you.

Give InstaLoan a try.

Use our loan calculator to see the numbers

Loan Calculator

Get an indicative quote of your loan cost

How much would you like to borrow?

J$

How long would you like to pay back?

Months
Your target rate . %
Monthly cost:- J$
Total amount payable J$
Interest Rate:- 23.00 %(*)
* - Illustrative Terms only. Subject to individual assessment
Start Now

Questions? We’ve got answers.

Here’s the skinny on InstaLoan

What is InstaLoan?

InstaLoan is a fast, safe and fully unsecured personal loan where you can borrow between $5,000 to $100,000 and complete the application process 100% online.

Are there other fees?

There are no upfront fees to be paid in order to apply for a loan. If approved, there is a loan fee and a contribution to the Reserve Fund added on top of your loan and worked into the overall monthly payment.

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.

What standards of customer care does Massy Finance InstaLoan adhere to?

Massy Finance InstaLoan and our partners adhere to the Market Conduct Guidelines issued by the Central Bank of Trinidad & Tobago, a copy of which can be accessed here.

What’s the interest rate?

Our interest rates vary between 12% and 17% per annum, depending on your individual loan terms.

How do I qualify for an InstaLoan?

We promote responsible borrowing by those who can afford it and are good with their money. To get a loan, you need to confirm:
  • You are between the ages of 20 and 65
  • You earn a net salary of at least TT$3,000 a month
  • You have a regular source of income which is paid into a local TT$ bank account
  • You’ve been continuously employed for at least 2 years
  • You have a good credit history
  • You can afford to repay the loan
  • You are a current resident in Trinidad and Tobago and have lived here for at least 3 years

How do I refer someone?

Sign in to your Carilend account dashboard, and look for the “Refer a friend” section on the Menu. Add your friend’s email and we'll email them a unique link with their referral offer.

How is the cost of my loan calculated?

Total Amount Payable: This is the amount you will pay if you repay your loan in full over the full term agreed and make all payments on time. The Total Amount Payable consists of:
  • Amount of Credit: How much you request to borrow.
  • Interest: What the Lender(s) will earn for lending you their money. Interest is charged on the amount borrowed and the Carilend Fee.
  • Carilend Fee: This is what you pay Carilend. The fee is spread over the life of your loan and included in your monthly instalment. It covers:
    • Arranging and managing your loan (currently TT$1100)
    • The Reserve Fund Contribution which helps protect our Lenders (Varies as a percentage of loan amount depending on your credit score/Risk Grade)

What are some other useful terms I should know?

Monthly Instalments: The Total Amount Payable is divided into equal, fixed monthly instalment payments over the life of your loan.
APR (Annual Percentage Rate): The total cost of your loan as an annual percentage. This is useful to compare loans.
Loan Servicing Share of Interest: The amount we deduct from the interest you pay in every Monthly Instalment to cover the costs of managing your loan (currently set at 30% of the amount of each interest payment).
Late Repayment/Failed Direct Debit Fee: The fee payable for each time a loan payment is missed or paid late and/or a direct debit request is declined by your bank.
Interest on Late Payments: The interest paid on loan payments that have been missed or paid late.

InstaLoan is the official personal, unsecured loan of Massy Finance GFC. This Massy Finance distribution channel is powered by Carilend, Massy Finance's fintech partner, and delivered via Carilend's platform using the Carilend.com website. Massy Finance GFC Ltd is a licensed non-bank financial institution regulated by the Central Bank of Trinidad and Tobago and the Trinidad and Tobago Securities & Exchange Commission. Massy Finance's head office is located at 3rd Floor, Princes Court, 15-17 Keate St, Port-of-Spain. Carilend is the trading name of Caribbean Lending (Trinidad & Tobago) Limited (Registered in Trinidad & Tobago as company number C2018102407228 and offices located at Level 2, Invaders Bay Tower, Invaders Bay, Off Audrey Jeffers Highway, Port of Spain, Trinidad & Tobago). Carilend is a financial technology company, not a bank. You may contact Carilend at infott@carilend.com or (868) 235 6066. For any questions related to Massy Finance GFC’s involvements, you may contact (868) 625-3683 or (868) 625-3686.

Massy Finance is a member of the Massy Group.

This website is operated by Caribbean Lending (Trinidad and Tobago) Limited. By using this website, you understand the information being presented is provided for informational purposes only and agree to our Terms of Use and Privacy Policy. Note, Carilend and Massy Finance GFC rely on information from various sources believed to be reliable, including other providers of financial services, but we cannot guarantee the accuracy and completeness of competitor information. Personal information you submit to Massy Finance GFC and Carilend is kept confidential, stored securely, and will not be sold or rented, made public or shared with third parties. For details, please read our complete Privacy Policy using the link below.

Important Disclosures: By completing and submitting your personal information using the application form on this website, you understand your application is not complete until Carilend has verified your information and you have signed the relevant documents.

  • 1 Early funding requires the application to be approved and the loan accepted as soon as possible. Delays will affect the length of time it takes to disburse cash. Please log in to your Carilend account dashboard to check on the status of your InstaLoan application and verify the terms and rates you qualify for.
  • 2 InstaLoan personal loans interest rates range from 12% to 17%, depending on your credit profile and the loan terms. This loan calculator shows indicative repayments only. Actual monthly repayment amounts depend on the rates and terms agreed to in your InstaLoan application.