1. Unsecured Lending
We provide financing without collateral (security). With other lenders, in most cases you must have some type of asset in order to get funding. With Island Finance, you do not pledge any assets to obtain the loan. Your assets such as savings accounts, cars and / or property remain free for your use (unencumbered) while you receive the benefit of the funds you borrow from us.
2. Minimal Documents
The documents we require are very basic and easy for anyone to obtain. In short, all you need to do is identify yourself and show that you are employed. No complicated legal documents, no legal fees, no deeds, no mortgages, no running around…
3. Very Quick Turnaround
If your documents are in order, you can get a loan on the same day you apply; it could take just a few hours.
4. Comfortable Installments
We work with our customers to give them an installment they can afford to pay so they can comfortably remit payment each month and still meet their other expenses.
5. No Penalties
There are no penalties for paying the loan off faster than the agreed upon term. Customers can reduce their interest and still pay no penalty.
6. Customer Relationship
With other financial institutions, most times you need to have an established relationship with the bank or company before you can obtain a loan from them. You may need to have deposit accounts, shares or conducted other previous business to make your borrowing easy. But at Island Finance, we do not require a long, previous relationship. You can be totally new to us and we treat you the same. As long as you have the basic documents we require, all customers receive the same special service.
7. Always there for our customers
Your relationship with us can last our lifetimes. As long as you continue to meet your commitments to service your loan, we will continue to provide you the financing for which you are qualified, for as long as you need.
VP Human Resources
AVP CCU Director
VP Branch Operations