Intro
LASCO Microfinance Limited , a subsidiary of LASCO Financial Services Ltd., stands as a key provider of personal and business loans in Jamaica . With its head office located at 12 Duke Street, Kingston, and a network of 9 branches across the island, LASCO Microfinance is committed to meeting the needs of its customers. Licensed by the Bank of Jamaica and reporting to EveryData and CRIF Credit Bureaus, LASCO Microfinance upholds strict standards in its operations.
The company is dedicated to serving the average Jamaican by offering a variety of loan options . For employed individuals needing extra funds for purposes like education or home improvements, LASCO Microfinance provides personal loans tailored to these needs. Additionally, for micro, small, and medium-sized businesses, their business loans offer the financial support necessary to grow and enhance operations in meaningful ways.
What Services Does LASCO Microfinance Provide?
LASCO Microfinance offers a range of services designed to support both individuals and businesses in Jamaica . Their primary offerings include personal and business loans. Personal loans are available to employed individuals who need financial assistance for various personal needs, such as educational expenses, home improvements, or other essential purchases.
On the business side, LASCO Microfinance provides loans tailored to the needs of micro, small, and medium-sized enterprises (MSMEs) . These business loans help entrepreneurs and business owners access the funds required to expand their operations, invest in new equipment, or manage day-to-day expenses. Through these services, LASCO Microfinance plays an essential role in helping both individuals and businesses achieve their financial goals.
How Many Types of Personal Loans Does LASCO Microfinance Offer?
LASCO Microfinance offers three distinct types of personal loans, each tailored to meet specific needs:
Personal Loan
This flexible loan allows you to use the funds according to your individual requirements. Whether you need to cover travel expenses, wedding costs, emergencies, home renovations, or other personal needs, this loan provides the financial support you require.
Civil Servant Loan
Specifically designed for civil servants, this loan caters to the financial needs of those working in the public sector. LASCO Microfinance understands the unique financial challenges faced by civil servants and offers this loan to provide easy and convenient access to funds.
Education Loan
For those looking to further their education, the Education Loan is tailored to support your academic goals. Whether you’re pursuing a degree, certification, or professional development, this loan helps you achieve your educational aspirations.
How Long Does It Take to Get My Loan Approved?
At LASCO Microfinance, the loan approval process is designed to be efficient and timely. If all the required documents are submitted, you can expect your loan to be disbursed within 1 to 5 working days . This quick turnaround ensures that you get the financial support you need without unnecessary delays, allowing you to proceed with your plans promptly.
What Are the Payment Methods Available for Repaying My Loan?
LASCO Microfinance offers several convenient options for repaying your loan:
Quik & Ez Bill Pay
You can make payments at selected Prime Trust locations across the island, making it easy to manage your loan wherever you are.
Salary Deduction
This option allows you to have your loan payments automatically deducted from your salary, ensuring timely repayments with minimal effort.
Standing Order
Set up a standing order to have payments automatically transferred from your bank account to LASCO Microfinance.
RTGS Transfers
You can make Real-Time Gross Settlement (RTGS) transfers directly from your bank account to LASCO’s bank account, providing a secure and efficient payment method.
CCP Bill Payment
For specific customers, a Consolidated Cash Plan (CCP) setup is available. Contact the Collections Department for more information on this option.
Payment Button
LASCO Microfinance also offers an online payment link that allows you to make payments using a debit or credit card. You can access this service through the following link: Payment Button .