Cash Xpress charges an interest rate of 7.5% per week for payday loans. This rate applies to loans within the limit of CI$100.00 to CI$1,000.00. For civil servants and seniors, there is a discount rate of 5% per week.
Civil servants and seniors receive a discounted interest rate of 5% per week on payday loans from Cash Xpress.
Acceptable collateral for secured loans at Cash Xpress includes vehicles, jewellery, land titles, and other valuable items. These are required to secure the loan and are evaluated based on their value.
The interest rate for secured loans at Cash Xpress is 7.5% weekly. These loans can be repaid in multiple installments, and there are generally no limits on the loan amount, which is determined based on the value of the collateral, income, monthly expenses, and application requests. The minimum amount for these loans is CI$1,000.00.
The maximum amount that can be borrowed through a debt consolidation loan at Cash Xpress is CI$10,000.00.
The requirements for applying for any loan at Cash Xpress include:
If the utility bill is not in the applicant's name, Cash Xpress requires a letter from the landlord or a rental contract to verify the applicant’s address.
Foreign nationals applying for a loan at Cash Xpress need to provide an overseas address in addition to the standard requirements, which include identification, proof of address, job letter, recent payslips, character references, work permit (if applicable), completed application form, debit card information, and collateral (if applicable).
For debt consolidation loans between CI$500.00 and CI$2,000.00, Cash Xpress charges an interest rate of 10% per month.
For debt consolidation loans above CI$2,000.00, Cash Xpress charges an interest rate of 5% per month.
Generally, there are no specific limits on secured loans provided by Cash Xpress. The loan amount is evaluated based on the value of the collateral, the applicant's income, monthly expenses, and the application request. However, the loan must be over CI$1,000.00.
Secured loans at Cash Xpress can be repaid in multiple installments. The specific repayment schedule is determined based on the loan agreement, but the interest rate is set at 7.5% weekly.
Acceptable forms of identification for loan applications at Cash Express include a driver’s license, voter ID, passport, or any other government-issued ID. Applicants need to provide two forms of identification.