Massy Finance And Carilend Launch InstaLoan

Massy Finance, in collaboration with Caribbean Fintech Company, Carilend, has launched a web-based personal loan in Trinidad and Tobago. Known as InstaLoan, it is an unsecured personal loan that promises a one-day turnaround on approvals, which does not require borrowers to provide collateral. Managing Director at Massy Finance, Duane Hinkson says the company intended to make this a total online service for customers. Meanwhile, CariLend CEO and Founder, Mark Young, says Massy launched the service to thousands of its employees earlier this week, noting that there has been a high uptake. Customers can qualify for loans between $5,000 and $50,000 with repayment terms from one to five years.