How it Works?

Making periodic payments

If you are unsure about whether you can afford a Payday Loan it is important to start looking over your entire budget to ensure that you can make the necessary payments. One of the most important aspects of a payday loan that is overlooked is the need to be able to make the periodic payments.

Consumers are often in such a hurry to rush out and obtain a payday loan that they forget about the necessity to actually afford the payments. This creates huge strains on the budget, and can create excessive financial problems in the long term.

Budget constraints

To determine if you can actually afford a payday loan you need to look at your budget and see if there is a time when you could afford to repay the money in the near future. This means you need to be able to repay the amount you borrowed, plus the interest and fees that you would owe.

If you cannot afford to repay the money in the near future, you would need to look for a different way to acquire the money you need. If you can afford to repay the loan, then proceeding to obtain a payday loan could be a smart move financially.

Repayment of the loan

It is extremely important to pay back the loan as quickly as possible; keeping the loan out for an excessive period of time can be very damaging to your finances because you are paying excessive amounts of interest and fees. What most people do not realize is that a payday loan can be much cheaper than the alternative fees you could pay, but only in the event that you are able to pay the loan back quickly, preferably within a month.

The problem with payday loans becoming overly expensive arises when they are renewed continuously. Making sure you repay the loan quickly will enable you to free up money in your budget for different bills, but also allow you to use a payday loan next time you have a sudden need for extra money.

Loan process

All you need to apply for a loan at Caribbean Cash is to fill out the easy loan application form and to present the required documents at one of our offices. Setting up your first loan and getting it approved can take 20 – 30 minutes. Renewals and future loans usually take 10 minutes or less.

Upon approval, you will receive your loan in cash!

Caribbean Cash will loan you an amount based upon how much net income you make, so the more you make, the more you can borrow. Many people borrow for special occasions, weekend cash, or many other reasons. What you are going to use the money for is only for you to decide.

The required documents are


  • Valid Dutch passport & valid Island ID or

  • Your valid Passport with your valid Island ID


  • Last 2 Pay Stubs or

  • Copies of your last 2 paychecks or

  • A current job letter that states your income.


  • Bank Statement in your name sent to your address or
  • Phone Bill in your name sent to your address or

  • Electric Bill in your name sent to your address or

  • Government correspondence sent to you at your address or

  • A bill or invoice from a local company sent to you at your address