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    FEATURES

    • Up to 40 years to repay
    • Joint financing with NHT available

    BENEFITS

    • Up to $200,000 free contents insurance from JNGI, if contents insured value $1 million and over
    • 20% Discount on Motor Insurance from JNGI (per motor policy)
    • Free JAA Gold Membership for one year
    • Up to 20% in discounts from more 100 JN Rewards partners island-wide
    • You must be 18 years or older
    • Valid proof of identification: passport, driver’s licence along with birth certificate; or voter’s ID along with birth certificate
    • Proof of income:
      • Employed- income verification letter or completed JN Bank income verification form along with last three month’s pay slips
    • Proof of address: utility bill or cable receipt, bank statement, credit card statement or post marked envelope bearing name and address
    • Tax Registration Number
    Purpose Interest Rate (per-annum) Market Value of Property Financing
    Home Equity 8.5% $15 million or less Up to 70%

    What is the maximum loan amount, and at what interest rate, can I obtain a JN Home Equity Loan?

    You may access up to 85% of the market value of residence or up to $15 million, whichever is less, and at an interest rate 8.5% less than or equal to $20 million.

    However, note that the loan amount you can access is dependent on two things:

    1. Price of property
    2. Ability to service the loan

    Your interest is charged on your reducing balance, which is an advantage to you.

    What is meant by: “The interest rate is charged on the reducing balance?”

    It means every payment you make goes towards settling interest and reducing your principal balance. The interest is computed based on the principal balance remaining after each payment is made.

    How long will it take to process my loan application?

    Once you have satisfied all requirements, your loan application should be approved between two and seven working days. Where there is a delay, your Loans Officer will contact you.

    After my loan has been approved, how long does it take for me to receive the funds?

    Once the conditions for approval have been met, your funds should be disbursed within 15 working days.

    Do I have to come into the branch to start the application for my loan?

    No you do not. JN makes doing being business easier. You can call us or book an appointment through our website and a mobile loans officer 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.livebyjn.com. There is no charge to make your payments! Alternately, we can automate the payment from your JN savings account.”

    * 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