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iNSIGHT Financial Services offering hassle-free loans

Published:Friday | August 15, 2014 | 12:00 AM
iNSIGHT Financial trio (from left) Julian Patrick, Howard James and Renic Coke. - Rudolph Brown/Photographer

Finding all the money needed for back-to-school expenses, especially for tuition, can be arduous at times.

However, for parents who face challenges to find all the school fees at once for children attending preparatory and primary schools, iNSIGHT Financial Services Limited (IFS) has a solution. If you are a permanently employed professional, contact IFS for a hassle-free loan of up to $100,000 for school fee payments and sudden expenses, with no more than six months to repay. According to co-founder Julian Patrick, iNSIGHT Financial is a provider of unsecured micro loans to salaried professionals with short-term cash needs.

"It is the reputation of the client that secures the loan. We also noticed during our operations that 90 per cent of the loans that were approved went towards tuition fees, especially for preparatory schools. We decided to capitalise on this need and offer this back-to-school loan," Patrick said.

premium rate

He stated that IFS offers a premium rate for a premium service. Many parents, he indicated, can borrow from IFS during August and, by the end of December, would have completed their loan payment.

"If they so desire, they can apply for another tuition loan and repay it over the school term. Every decision we make, we think about the customer, so rather than dipping into their savings, we believe they should be able to access small short/medium-term financing needs," Patrick said.

IFS began operations in May 2012 and, according to Renic Coke, director of sales and strategy, and Howard James, director of finance, the company does not have delinquencies.

"We have proper data management and screening of all our clients. All information on someone is credit information. We use this information and, based on our system, we do not have delinquencies," James said.

"We see no reason why a working professional should not be able to get a $50,000 loan in 10 minutes," Coke said. He was the business development manager at Jamaica Producers while James is a certified accountant. The IFS team is completed by Patrick's wife, Jeneve, who has several years' experience in the hospitality industry.

IFS is fully registered and compliant with all applicable laws and statutes under the Government of Jamaica regulations.

For more information, phone: 876-806-5003 or 276-6993 or 787-4985.