Investment management company, Sterling Asset management, has launched a U. Essentially a demand loan, borrowers can repay the debt early without any penalty, unlike similar products offered by traditional lenders. The product is among Sterling’s medium-term strategies to increase its portfolio of management activities by accessing emerging and international capital markets for new products to the Jamaican investor. The approval process is relatively short – three days – and the loan is disbursed once the loan is approved. Sterling Silver is available to Sterling’s clients who hold a US$ bond account, repo account, mutual fund or other U. Capping the loan at 80 per cent of the client’s funds was done to protect both Sterling and its customers, said Ross. read more
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