FAQs

Q1Why should I borrow from CSK?
A.

a. CSK has friendly, professional and competent staff that cares for our customers’ financial well-being while providing excellent service.
b. We have competitive interest rates, flexible payment plans and quick processing times.
c. We are fair and transparent in all our dealings.
d. We have same day loans that do not require a guarantor or collateral security.
e. Doing business with us allows you the opportunity to avail yourself of other services offered by our Bank of Jamaica licensed cambio. These services include; Foreign Currency Trading, Moneygram, JN Money Transfer, Bill Payment (only $25.00 per bill) and Credit Top up.

Q2What are your loan interest rates?
A.

Our interest rates vary depending on the amount and term of the loan. The interest rates on our loans range from 1% per week (52% per annum) to a maximum of 1.38% per week (72% per annum). The amount of interest you pay on your loan is determined to a large extent on how long you maintain it. For example, the interest paid on a three month loan is far less than on a six month loan. At CSK our main aim is to help you empower yourself and so we encourage you to take our loans for short periods as this can be more beneficial to you.

Q3What is the maximum loan term?
A.

Our loans are for short duration and as a result are mainly for 3 – 24 months.

Special loans for 1 – 2 months can be obtained however these are usually done at special rates of interest.

Q4What do I need to get a loan?
A.

Personal loans require:

  • Valid Identification (Driver’s License, Elector Identification, Passport)
  • Tax Registration Number (TRN)
  • Two (2) passport size pictures
  • Proof of address
  • Job Letter
  • Three (3) recent pay slips

Small Business Loans require:

  • Valid Identification (Driver’s Licence, Elector Identification, Passport)
  • Tax Registration Number (TRN)
  • Two (2) passport size pictures
  • Proof of Address
  • Guarantor
  • Completed Business Plan questionnaire (done in office)

Guarantor requires:

  • Valid Identification (Driver’s Licence, Elector Identification, Passport)
  • Tax Registration Number (TRN)
  • One (1) passport size picture
  • Proof of Address
  • Two (2) recent pay slips

 

 

 

 

Q5How long does it take to process a loan?
A.

Once all the required documents are brought in with the relevant fees your application can be approved and disbursed same day. In the few instances where this is not possible the loan will be disbursed within two to three days.

Q6Do I need collateral security for a loan with CSK?
A.

The vast majority of our loans do not require collateral security. However in special circumstances this may be required. Your loan officer will advise you if its necessary for you to have collateral security.

Q7What collateral do you use as security?
A.

a. Comprehensively insured motor vehicle
b. Cash Value on life insurance policy
c. Cash in a deposit taking institution (bank, credit union etc.)

Q8Do I need a guarantor for a loan with CSK?
A.

If your loan can be repaid by salary deduction no guarantor is necessary in most cases. However, the special terms of your loan may on occasion require a guarantor despite the repayments being salary deducted. Your loan officer will advise you if one is required.

Q9What does a guarantor require?
A.

a. One (1) passport size picture
b. A valid identification (Driver’s License, Passport or Voter’s Identification)
c. Tax Registration Number
d. Proof of address
e. Two (2) recent pay slips

Q10Can I get a repeat loan?
A.

Yes, you can be given a repeat loan depending on your payment record and capacity to pay. Disbursements of these loans are usually done on the same day of your application.

Q11Apart from loans what other services does CSK offer?
A.

CSK is the provider of small business and personal loans. We also provide cambio services by trading US$, British Pound, Canadian Dollars, Euro and Cayman Dollars. Other services include, Moneygram, JN Money Transfer, Bill Payment (only $25.00 per bill) and Credit Top up.

Q12Is there a toll free number to reach CSK Internet and Small Loans Limited?
A.

We do not currently have a toll free number. However you can contact us using the following numbers;
Telephone: 960-9507, 920-9099 Fax: 926-7932

Q13What are the opening hours for CSK?
A.

Monday to Friday : 8:30 am – 5:00 pm
Saturday : 9:00 am – 5:00 pm

Q14Where is your office located?
A.

Our office is located at;
58 ½ Hagley Park Road
Kingston 10

 

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