Loans Mart offers back-to-school loans on easy terms

Microfinance company Loans Mart Financing is offering back-to-school loans from $10,000 to $200,000.

“Accessing a loan is easy. We’ll need simply your ID, TRN and two passport-size photos. No letter, no pay-slips, and no bank statements are needed,” said Khahaile Brown, managing director.

She said the institution is offering low rates, as well as the reduced or eliminated application fees, once the application is received by September 30.

“Loans can be processed same day. We do have individuals with urgent matters, and we can assist with same-day disbursements. In other cases, loans may be disbursed in a few days, depending on how the applicant cooperates with providing necessary information to facilitate processing and review,” she explained.

In addition, Brown said that interest rates are uniquely curated per each client, thereby creating a more favourable repayment structure.

“Interest rates are tailored to the applicant’s own financial situation which takes into consideration how much one may be able to afford to repay and how long they may require to settle all payments. We always recommend coming in to discuss payment terms, as it’s not a one size fits all. We are meeting you where you are,” she said.

Brown added: “It’s so important for us to know that a loan does not equal a crisis. A loan may mean an investment. It may mean a calculated risk. It may mean the better decision. We want to encourage our self-employed individuals, including those who may have been rejected by other lenders to invest in that shop, that bar, that salon, the clothing business, the plumbing business, and the list goes on.”