Carilend is the first Peer to Peer lending site in the Caribbean aiming to bring together Borrowers and Lenders to give a better deal and a better experience to both.
We match Borrowers who need a loan with investors who want to be Lenders. By cutting out the middleman, we cut out the costs and pass on these savings in the form of better rates to both Borrowers and Lenders.
Our model is based on the UK Peer to Peer lending industry that has been operating successfully since 2005. This model brings the best technology, the best operating standards and the best customer experience from the UK to the Caribbean.
We are launching first in Barbados, but we plan to bring this approach to the wider Caribbean as soon as possible.
What is P2P?
Peer to Peer lending connects people who want to invest money (Lenders) directly with people who want a loan (Borrowers). By using technology to reduce costs, we are able to pass on the savings to give better returns for Lenders and better rates for Borrowers.
Carilend’s role is to act as the platform to bring the parties together. We apply a very stringent level of screening on all prospective Borrowers to ensure only those who pass our strict criteria, are good with their money and can afford it are approved for loans.
Our platform then matches those approved Borrowers with Lenders who have selected how long they want to lend for and at what interest rates. Lenders’ money is split into small slices and spread over many Borrowers and many loans, which diversifies the risk for Lenders. Each small slice is paired with other small slices in order to fully fund each individual loan.
After that, our platform takes care of collecting every loan repayment and splitting it up between all the Lenders who have contributed funds to each loan. The platform also provides a full statement of what’s going on to every Lender and Borrower.
All About Borrowing
At Carilend, we have made the process of borrowing money in the Caribbean simple, quick and flexible. We simplified the process into a few easy steps online. Simply submit all your information and supporting documents in a secure manner, online, in just a few minutes.
If you submit everything we need and it all checks out, you will have your answer in a few hours and your money in your account in a few days.
Our terms are fair and flexible for all. We will tell you clearly and simply what it costs, what the terms are and how much your monthly payments will be. It’s flexible too! If you want to pay back early, you can repay the loan in full at any time with a few simple clicks.
Need More Information?
Feel free to contact us via email (email@example.com) or telephone (246) 537-4040 if you have any further questions.