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Car loans in demand

BEA DOTTIN, [email protected]

Car loans in demand

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Tough times or not, car loans are still high on the lists of Barbadians.
And one of the island’s financial institutions is taking full advantage of the need.
Despite the current economic crisis which has led to thousands of Barbadians losing their jobs, Signia Financial is still doing strong business, especially as it relates to car loans.
Business development officer at Signia, Samantha Inniss, told the SUNDAY SUN the company had seen an upsurge in loans during the past year. Her comments came yesterday during Signia Financial’s Home Makeover Expo at its Haggatt Hall loan centre.
“We just released our financial statements and we did better than last year and we are above budget so far for this year.
“Although it is a recession, we are turning over over 100 car loans a month . . . so people are definitely still interested in buying cars,” she pointed out. (RB)