Intro
Cool Loans , established in April 2006, was one of the pioneers in offering micro-loans specifically tailored for the Jamaican market. Understanding the realities of the people it serves, Cool Loans offers hassle-free, unsecured instant loans, designed to meet the needs of everyday life. Whether you're dealing with an unexpected expense or need a little extra to bridge a financial gap, Cool Loans provides short-term loans with flexible repayment terms of up to 24 months, ensuring that you can manage your finances without the risk of falling into debt.
At Cool Loans , building strong relationships with customers is a core principle. The company aims to foster trust and create meaningful growth opportunities for its clients, many of whom return for additional loans. Believing that a small loan shouldn't require significant collateral like house or land, Cool Loans has streamlined the application process , making it accessible from anywhere in Jamaica. With flexible and supportive loan officers available via WhatsApp or phone, getting an update on your loan application is both easy and convenient.
What Are the Benefits of Cool Loans?
Cool Loans offers several key benefits that make it an attractive option for those in need of financial assistance:
Approval in 24 Hours
Once all your required documents are submitted, Cool Loans commits to reviewing and approving your loan within 24 hours, ensuring you get the funds you need quickly.No Hidden Fees
Unlike some lenders, Cool Loans doesn’t charge extra for express processing. The company values transparency, keeping processing fees low so that you aren’t overcharged for accessing the funds you need.No Long Waiting Times
With Cool Loans, you can start your application online, avoiding the hassle of long lines and waiting times. The process is managed efficiently behind the scenes, saving you time and stress.Privacy
Understanding the importance of privacy, Cool Loans ensures that borrowing remains a private affair. With 100% online or remote processing, there’s no need to visit an office, allowing you to manage your finances discreetly.How Does the Process Work?
Getting a loan with Cool Loans is straightforward and efficient, with just a few simple steps:
Step 1
Begin your pre-qualification online by completing the provided form. This step helps determine your eligibility and sets the stage for the rest of the process.Step 2
Submit all the required documents for a thorough loan review. The team at Cool Loans will assess your application promptly, ensuring that everything is in order for the next steps.Step 3
Once your loan is approved, the funds will be directly deposited into your bank account. It's that simple—no need to visit an office, and everything is handled remotely for your convenience.What Are the Requirements?
To qualify for a loan with Cool Loans, applicants need to meet the following criteria:
Employment Duration
- For Standing Order Loans , a minimum of 6 months of unbroken employment is required.
- For Salary Deduction Loans , a minimum of 3 months of unbroken employment is necessary.
Documentation
- Last 2 Payslips: Proof of income is essential, and you'll need to provide your last two payslips.
- Bank Statements: For Standing Order Loans, you'll need to submit 3 months of bank statements.
- Valid Government-Issued ID: A valid ID is required to verify your identity.
- Job Letter: For Standing Order and Public Sector Loans, a job letter from your employer is necessary to confirm your employment status.
Meeting these requirements ensures a smooth and swift loan approval process with Cool Loans.
Contact Information
WhatsApp
(876) 352-6404Email
info@coolloans.comOpening Hours
Monday - Friday: 9:00 AM to 5:00 PMSocial Media