Achieve your best with a JN Bank Loan.

Unsecured Loan

Features

  • Borrow up to $5 million *conditions apply
  • Get up to 5 years to repay
  • Competitive interest rates
  • Low processing fee
  • Quick turnaround time

Benefits

  • Access funds for any legitimate purpose
  • Discounts from over 200 merchants with your JN Card
  • Access to online banking using JN LIVE
  • Free transactions at JN ATMs

Supersized Loan

Features

  • Borrow up to 12 times your savings*
  • Get up to 5 years to repay
  • Competitive interest rate
  • Low processing fees
  • Conditions apply

Benefits

  • Use funds for any legitimate purpose
  • Fast approval
  • Interest calculated on reducing balance
  • Leverage your savings

Requirements

  • You must be a Jamaican 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
  • Proof of income: income verification letter (job letter), or completed JN Bank income verification form and last three months’ pay slips
  • Completed statement of affairs – income and expenditure statement
  • Signed loan agreement
  • Signed Salary Deduction Letter/Standing Order form
  • Signed consent to pull credit reports from credit bureaus
  • Signed Promissory Note
  • Bank statements for primary account displaying last 12 months activity, current Financial Statements if available, and Auditor’s Confirmation (Self-employed persons only)
  • Completed Know Your Customer form (if your JN member records need updating)

Terms and Conditions

The JN Bank Lifestyle Loan can be used for any legitimate purpose. The loan purpose must be clearly stated and must be verified by the sales officer using documentary evidence, such as invoices, for loan amounts $500,000 and above. Documentary evidence is not required in circumstances where the financing processing fees, creditor life premiums and/or any other bank related charges have caused the loan amount to be equal to or greater than $500,000.

Loan repayments are to be made only by way of salary deductions, or standing orders from an account to which the borrower’s income is deposited. Loan repayment is calculated on the reducing balance.

Interest Rates

Supersized Loan

←                 Loan Options  – Up to 12 times deposit balances                         →
Ratio of Loan Amount to Collateral Value 2:1 3:1 4:1 5:1 6:1 7:1 8:1 9:1 10:1 11:1 12:1
Risk Rating Applicable Interest Rate
R1 – R2 13.25% 15.33% 16.38% 17.00% 17.42% 17.71% 17.94% 18.11% 18.25% 18.36% 18.46%
R3 – R4 14.25% 16.67% 17.88% 18.60% 19.08% 19.43% 19.69% 19.89% 20.05% 20.18% 20.29%
R5 15.25% 18.00% 19.38% 20.20% 20.75% 21.14% 21.44% 21.67% 21.85% 22.00% 22.13%
R6 – R8 16.25% 19.33% 20.88% 21.80% 22.42% 22.86% 23.19% 23.44% 23.65% 23.82% 23.96%

Unsecured Loan

Purpose Finance Interest (EAIR)
Unsecured Borrow up to $5M 16.24% – 23.50%