Questions? Look here.

Can’t find an answer? Call us at +1246 288 2696

Who can apply for a loan with your company?

Barbados government employees, civil servants.

What documents do I need to apply for a loan?

To apply, you'll need:

  • 2 valid Barbados ID documents
  • A job letter (issued within the last 3 months)
  • 2 months most recent payslips
  • Proof of address (dated within 3 months) – Utility bill, Bank Statement

How do I apply?

Details coming soon...

How long do I need to be working to apply?

Must be a permanent, full-time employee that has been continuously employed at least one year.

Does my credit score affect me?

More info coming soon...

What repayment options are available?

Loan installments are facilitated by salary deduction payments. More details coming soon...

Will I be notified when my loan has been approved?

Yes, you will receive an email and SMS notification once your loan is approved and disbursed to your bank account.

Is my personal information kept confidential?

Yes, we take your privacy seriously and follow strict data protection policies. Please see our Data Privacy Policy in the Legal section of this website.

Can I use someone to co-sign?

No, co-signatures cannot be used to apply and only the employed applicant can complete the application.

Can I be provided a statement of my account?

Yes, you can. A statement can be emailed to your email free of cost upon request. Contact info@momentumfinance.bb or call tel:+1-246-288-2696

Can I refinance my current loan or borrow again after my loan is completed?

Your ability to refinance your loan will depend on the repayment history seen on the account and current balance. If your loan is repaid in full, you are able to apply for another loan as long as the account is in good standing and the previous loan was settled satisfactorily.

What is the interest rate per annum?

Product details coming soon.

How long does the application process take to get my money?

Momentum Finance Ltd takes no longer than 24 hours to disburse the money to your bank account provided all prescribed documents have been properly submitted.

What loan terms do Momentum Finance Ltd offer?

We offer from 1 month to 48 months term loans.

What is the Maximum amount that can be borrowed?

Depending on your affordability the maximum amount is BBD 50,000.

Which Barbados Government Act regulates Momentum Finance Ltd?

The Barbados Companies Act of 1982 (CAP 308) governs the operation of the company. The Corporate Affairs and Intellectual Property Office (CAIPO) is the main body responsible for administering the Companies Act and related legislation.

How will my loan be paid to me?

Momentum Finance Ltd will disburse the money to your designated bank account via Electronic Funds Transfer (EFT). Please note that your bank may have a clearing time period before the funds are made available in your bank account.

Does Momentum Finance Ltd do consolidations of other financial institutions loans?

Yes, we do, please contact us specifically to see if your loan with the 3rd party institution qualifies for a consolidation loan.

Why should I choose Momentum Finance Ltd?

We are easy to do business with: Our service is world class, our turnaround time is quick and we value our customer relationships by being transparent.

Can I settle my loan early?

Yes you are able to settle your loan at any time by requesting a Settlement Statement by e-mailing us at settlement@momentumfinance.bb or contacting us by telephone on +1246 288 2696.