small loans,
BIG HELP!
Important Note: Thank you for your interest in Loanfren.com. Unfortunately, we have stopped accepting loan applications from new members at this moment as we are currently oversubscribed. Membership will be closed until further notice.
Getting Started
One (1) Form of valid ID
Driver’s License, ID Card, Passport & Selfie Picture
Recent Utility Bill
You can also use a bank statement
Recent Job Letter
Addressed to LoanFren Ltd.
Recent PaySlip
No more than 1 month old
Employed
Employed for at least One (1) year
Answering yes to these questions means you can apply for a loan. But we can’t guarantee acceptance. We always assess each application individually and only lend to people we think can afford to repay on time.
Step 1: Checking the cost
Before you apply
Our loans are for short term use only and may not be the cheapest option. Use our sliders to set how much you want to borrow, and when you want to pay back. You shouldn’t use our service to manage existing debt or if you are already struggling financially.
It may allow you to meet unexpected expenses, unexpected events, emergencies or provide a short-term cash need between paychecks. Don’t forget, it is not made to be a long-term solution for managing your finances. Exaggerated use of short-term loans may create financial hardships. Please borrow responsibly.
- Interest rate is 4%/month, meaning 48% per year (APR).
- An origination fee is added into the loan’s principle of 10%.
- A service fee of 1% is added each month to service the loan.
- You must reside in Trinidad & Tobago,
- with proof of address,
- be at least 21 years of age.
- have at least one form of I.D.
- be employed,
- provide a recent payslip and job letter,
- employer must be willing to do a salary deduction,
- have an active and valid bank account, to deposit the funds
* All signed loan agreements are subject to verification of prior loan history and application data.
Everyone is welcomed! Once a salary deduction can be done, we can offer you a loan.
We know this loan is important to you, so we work hard to get it to you quickly, most often the following business day!
Before we can fund your loan it needs to be approved. Loan approval could be instant or could take up to two business days.
After your loan is approved, the amount of time it takes to transfer your money depends on your bank. It could be as soon as the same-day or as long as three business days. Most banks will post the funds to your account by the next business day.
The exact funding time will depend on your bank.
LoanFren Ltd. was incorporated 22nd February 2017 as micro-payments/money lending service, with registered office Pole 2b, Cameron Rd. Petit Valley. Licensed money lenders that are determined to serve.
Step 2: Applying online
Simple online application
You apply online – no paperwork.
Step 3: Know if you are approved
Depending on the information you gave us, you’ll get 1 of 3 decisions
Yes – Approved
No – Declined
Maybe – Referred
Remember, we will only offer you a loan if we think you can afford to pay back.
Step 2: You decide
If you’re application is approved, we’ll give you your loan agreement.
No paper work required. Sign your loan agreement electronically. We’ll deposit the monies in your bank account within minutes.
Step 3: Repaying the loan
We’ve made repaying simple.
Make payments to your loan via salary deduction, bank deposit or pay us via cash. You can repay all or some of your loan early at any time. There’s no fee for repaying early.
Step 4: You’ve repaid on time
That’s all there is to it!
After your repayment, we’ll update your credit score, reward you with points you can redeem for discounts, and we’ll increase your credit limit so you can do more in the future.
See what our customers are saying.
The customer service rep that I spoke to was awesome. He verified my identity and the money was in the bank the very next morning. It was an easy and awesome experience. Thank you for being there for me.
I was impressed with the convenience and very helpful customer service. The approval process was streamlined and not complicated. I had been declined by my local bank for a personal loan, I am very grateful to LoanFren!
Recently I had a emergency and needed to get help quick. I went to their website which was clear and informative, filled out the quick and easy application and their representative were courteous, quick, and very helpful. In no time at all I had the money in my account. Thank you Loanfren for being there.
Very user-friendly service and quick response time. The agent on the phone stayed with me until my application was complete. This expedited the process and gave me confidence. He was well equipped to answer my questions. Also, my loan was paid out the next day. That was fabulous. Again, a no hassle experience!
The customer service rep that I spoke to was awesome. He verified my identity and the money was in the bank the very next morning. It was an easy and awesome experience. Thank you for being there for me.
Recently I had a emergency and needed to get help quick. I went to their website which was clear and informative, filled out the quick and easy application and their representative were courteous, quick, and very helpful. In no time at all I had the money in my account. Thank you Loanfren for being there.
Contact us via WhatsApp
1-868-379-6915
Available Monday – Sunday, 9am – 5am.
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