Get a loan of up to 95% of the amount in your savings account.
Features
- Offered in JMD only
- Access unsecured amounts of up to 30% of annual income (conditions apply)
- Open-ended loan tenure
- Low annual fee
- Creditor life insurance (mandatory or unsecured)
Benefits
- No processing fee
- Competitive interest rates
- Access to cash via teller in branch, ATM or POS
Requirements
- Completed Customer Information Form (CIF)
- Proof of your address, which may be a recent utility bill in your name or credit card or bank statement
- Proof of your employment
- Valid government issued identification card
- Tax registration number
- Signed credit report consent form
- Your pay slips for the last three months
- A job letter from your employer
Applicable charges
- Annual facility fee of 0.75% per annum plus GCT
- $100 per day, plus GCT for late payments
- Over limit fee, $2,500 plus GCT
Click here to read Terms and Conditions.
Interest Rates
| Collateral | Interest Rate (EAIR) |
|---|---|
| Unsecured |  17.50% – 20.50% per annum |
| JN Bank Secured | 4.5% above rate offered on Fixed Deposit or 7%, whichever is higher |
* Notice of any rate change(s) will be provided in writing, by physical or electronic means, to our customers, 45 calendar days in advance of any such change(s) being implemented
