1. You must be working at the same place for at least 6 months (3 months for Government Employees).


2. The amount of money which remains After ALL your monthly Loan expenses, including Payments to everyone you owe (PBM included), cannot be less than Statutory Requirement of 25% of Gross Salary, as required by Government of the Federation of St. Kitts & Nevis’s.

In other words, if you earn $1000 per month, after you pay the people you owe and meet your other expenses, such as Courts, Bank and Credit Union Loans, Loans to Fast Cash, Advance Caribbean, Car Loan, Rent or Mortgage, you must have at least $250 to buy food, clothing, etc. (living expenses)

If you are approved, you will need to:

PBM Caribbean Limited Loan Policies,Loan Application Checklist and General Terms and Conditions

Before completing the Application Form, please have the following information available and review the conditions under which the loan is being granted: 

The completed Application will be reviewed and approved or rejected on the same day and you will be informed of our decision by whatsapp, phone call or email.

The following policies will guide the issuance of and collection of personal installment loans issued to customers:



We offer the following financial product at PBM Caribbean Limited:


Personal Installment Loans from $300- $10000, to be repaid within 12 months. You will be required to pay an Application fee of $60 and a small finance charge. These loans MUST be repaid within 12 months and the payment frequency MUST be at least twice per month. ONLY Government employees and authorized private sector entities will be permitted to pay monthly through salary deduction by the Treasury.



If you decide to take out a loan from us, please use the checklist below to ensure that you have everything we require to complete your application. Once your loan application package is complete, we will review the application and provide you with a decision on the same day. If you are approved and all documents signed, you will receive that loan on the same day.

  • Two (2) Valid Pieces of Government issued IDs, which can be your Passport, National Voters’ ID Card; Social Security Card; Drivers’ License.
  • A current Job Letter, which MUST be dated and signed by your Employer, no more than one month before completing your application. If your employer does no make third party payments (no salary deductions), then YOU the customer Must work with our team and sign the self emplyment letter, which we have prepared for self-employed customers.
  • Two (2) months’ pay slips.  If you are a monthly employee, you will need 2 pays slips; if you are paid semi-monthly, you will need 4 pay slips and if you get paid weekly, you will need 8 pay slips. Pay slips MUST be for the LAST 2 MONTHS prior to making the application.
  • Proof of address which can be a utility bill, a bank statement or any bill which references where you live.
  • For all our loans, you may be required to also have a Co-maker or an active bank or credit union account, If your Employer does not make Third Party Payments (do not do salary deductions), or if we evaluate your financial situation to warrant this.
  • You must have a second contact number where we can reach you in the event that your phone is unavailable.

You will be required to make payments under the terms of your Loan Agreement. It is important to remember the following:

Loan Terms and Conditions

To Qualify for Our Loans

  • Sign the Loan Agreement and the PERSONAL INSTALLMENT LOAN REPAYMENT DEDUCTION AUTHORIZATION Form, with your employer’s stamp and signature affixed on the Form and return same to our office. If your employer DOES NOT do Salary Deductions, you or both you and your Co-Maker must sign these forms.
  • If your employer does not do salary deductions, you may be required to leave postdated cheques for each installment for the term of your loan, in the amount of the installment payments and payable at least twice per month. No monthly cheques will be accepted
  • When the forms are duly signed, you will receive the loan requested on the same day or next day

 

 

 



  1. There will be a late fee of $100 for each late payment (irrespective of your payment amount and payment frequency), if the payment is not made for more than 3 days of the due date.
  2. There will be NO interest on the Late fee.
  3. We will charge a fee of $150 for any cheque which is returned to us and that month’s payment and fee must be made in cash, at our office.
  4. If we are given 2 bad cheques, the entire balance of the loan will become due immediately.
  5. You will receive a user name and password to access our website where you can monitor all your loan activities at your convenience 24 x 7, once our website becomes active.
  6. We will increase the loan amounts for customers who pay their loan.
  7. Please read the Loan Agreement Documents carefully before completing the application for this loan. We undertake to grant you this unsecured loan, with the understanding that we will not have to battle with you to get our money back. Granting you this loan should never lead to enmity between us, neither should it take us to a court of law.  However, if you default under any circumstances, we will do everything in our power to get our money back.