Question 1

What is Fidelity Finance and Leasing?

Accepted Answer

Fidelity Finance and Leasing is a non-bank financial institution operating in Trinidad and Tobago, specializing in lending and deposit services. As a subsidiary of The Maritime Financial Group, a leading financial services conglomerate in Trinidad and Tobago, Fidelity Finance provides personal loans, commercial loans, mortgages, and fixed deposit facilities to individuals and businesses.

The institution is regulated by the Central Bank of Trinidad and Tobago under the Financial Institutions Act, 2008. All fixed deposits held at Fidelity Finance are guaranteed by the Deposit Insurance Corporation (DIC) up to TT$200,000 per depositor, providing depositors with protection against potential loss.

Question 2

When was Fidelity Finance and Leasing founded?

Accepted Answer

[Information not publicly available]

While the specific founding date of Fidelity Finance and Leasing Company Limited is not readily available, the institution operates as part of The Maritime Financial Group, which has been serving Trinidad and Tobago for over 60 years. The Maritime Financial Group is a 100% locally owned conglomerate that has established itself as a significant player in the Caribbean financial services sector.

Question 3

Where is Fidelity Finance and Leasing headquartered?

Accepted Answer

[Information not publicly available regarding specific headquarters location]

Fidelity Finance and Leasing operates in Trinidad and Tobago as part of The Maritime Financial Group's network. The Maritime Financial Group has expanded its presence across North Trinidad, including service centers in Port of Spain (at the heritage landmark George Brown House) and Arima, though specific branch locations for Fidelity Finance and Leasing are not publicly detailed.

Question 4

Where does Fidelity Finance and Leasing operate?

Accepted Answer

Fidelity Finance and Leasing operates throughout Trinidad and Tobago, serving customers across both islands. The institution operates within the broader Maritime Financial Group network, which has multiple service centers and locations across the country.

As a licensed non-bank financial institution under the Financial Institutions Act, 2008, Fidelity Finance focuses its operations exclusively within Trinidad and Tobago, providing accessible financial services to local communities.

Question 5

What services does Fidelity Finance and Leasing offer?

Accepted Answer

Fidelity Finance and Leasing specializes in three core service areas:

Lending Services: The institution offers personal loans, commercial loans, auto loans, and microloans designed to meet diverse customer needs. These lending products provide competitive rates and personalized service for both individual and business borrowers.

Mortgage Services: Fidelity Finance provides both personal and commercial mortgage financing, helping customers purchase residential and commercial properties throughout Trinidad and Tobago.

Deposit Services: The institution offers fixed deposit facilities with competitive rates, providing customers with secure savings options. All fixed deposits are guaranteed by the Deposit Insurance Corporation up to TT$200,000, offering depositors peace of mind against potential institutional failure.

Question 6

What makes Fidelity Finance and Leasing unique?

Accepted Answer

Fidelity Finance and Leasing distinguishes itself through its integration within The Maritime Financial Group ecosystem, which provides customers access to a comprehensive umbrella of specialized financial services. This includes life insurance, general insurance, wealth management, and merchant banking services through sister companies Maritime Life, Maritime General Insurance, Maritime Capital, and Development Finance Limited.

The institution emphasizes a personalized client experience with competitive rates, focusing on individually tailored services to meet unique customer needs. As a 100% locally owned institution, Fidelity Finance maintains deep roots in Trinidad and Tobago's communities and economy.

The company's membership in the Deposit Insurance Corporation provides customers with statutory protection up to TT$200,000 per depositor, distinguishing it from unregulated lenders and providing enhanced security for deposit holders.

Question 7

What type of financial institution is Fidelity Finance and Leasing?

Accepted Answer

Fidelity Finance and Leasing is classified as a non-bank financial institution (also known as a finance house) in Trinidad and Tobago. This designation is regulated by the Central Bank of Trinidad and Tobago under the Financial Institutions Act, 2008.

Non-bank financial institutions in Trinidad and Tobago are licensed to conduct business of a financial nature but differ from commercial banks in that they cannot accept deposits repayable on demand or offer current accounts with chequing facilities. However, they can accept fixed deposits, provide various types of loans (including those for periods under one year), and offer mortgage financing.

Fidelity Finance is one of several finance houses operating in Trinidad and Tobago, and it is a participating member of the Office of the Financial Services Ombudsman (OFSO), providing customers with access to independent dispute resolution services.

Fidelity Finance and Leasing

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About Fidelity Finance and Leasing in Trinidad and Tobago