Emergency Loan

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FEATURES

Available in Jamaican, US, Canadian or British Pound Sterling
Borrow up to $500,000 without collateral
Disbursement same day as approval
Borrow up to 80% of your savings in a JN contractual or fixed deposit account (Except JN Partna Plan)
Low processing fee of 2.5%
Three to six years to repay

BENEFITS

Discounts from almost 200 merchants with your JN card
Access to online banking using LIVE by JN
Free transactions at JN ATMs

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Requirements

You must be 18 years or older
Valid identification: driver’s licence, passport, voter registration card
Proof of address: utility bill, credit card statement or bank statement
Tax Registration Number or driver’s licence (Jamaican), Social Security Number (US resident), Social Insurance Number (Canadian Resident), National Insurance Number (NIN)
Proof of income: income verification letter or completed JN Bank income verification form, last two months pay slips
Completed statement of affairs: income and expenditure statement

Interest Rate

Collateral	Interest rate in all currencies
No Collateral	18%- 24%
Investment with JN Fund Managers	5% + Share account interest rate
Savings in JN Contractual or Fixed Deposit account (except Partna Plan)	4.5% + Share account interest rate

Can I get a loan from JN without collateral to cover emergencies and personal expenses?

Yes you may access an unsecured loan from JN to finance personal expenses.

How long will it take to process my loan application?

Once you have submitted your completed documents and fees, a loan decision will be arrived at within three working days. If there is a delay, your Loans Officer will contact you.

How long after my loan has been approved does it take for me to receive the funds?

As soon as the conditions for approval of your loan have been met, your funds may be disbursed within two days.

Do I have to come into the branch to apply for a loan?

JN makes doing being business easier. You can apply for a loan at your convenience from our website. However, depending on your ability to provide the required information online, you may need to visit a branch or money shop to complete the application.

You may also contact a mobile loans officer who will visit you at your convenience to assist you with the process and to answer your questions. Click here to contact a mobile loans officer

Can I make my loan payments online?

At JN we make doing business as convenient as possible. You can make your loan payments from your JN account by using our online banking platform LIVE by JN. If you haven’t registered, you may do so by visiting www.jnbslive.com. There is no charge to make your payments!

* 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