Terms and Conditions

Promotion Name:                JN Bank Small Business Loans Tell-A-Fren Referral Promotion
Promotional Period:          December 1st 2022 to January 31st 2023
Authorization:                      Authorized under Section 58(3) of the Betting, Gaming & Lotteries Act

 

1. Eligible participants:

1.1. The JN Bank Small Business Loans (JNBSBL) Tell-A-Fren Referral Promotion is open to all members of the public who are 18 years or older save and except all employees (whether or not permanently employed) throughout The Jamaica National Group Limited (“JN Group”) and its subsidiaries namely: JN Money Services Limited, JN Financial Group Limited, MCS Group Limited, JN Bank Limited, JN Bank UK Limited, JN Small Business Loans Limited, JN Foundation, Management Control Systems Limited, Manufacturers Credit and Information Services Limited, The Creative Unit Limited, Total Credit Services Limited, JN Finance Limited, JN General Insurance Company Limited, JN Life Insurance Company Limited, Jamaica Automobile Association (Services) Limited, JN Fund Managers Limited, JN Properties Limited, JN Real Estate Company Limited, Jamaica Popular Investment Company Limited and JN Cayman as well as persons living in the same household and members of their immediate families (that is parents, siblings, spouse and children).

 

2. How to Enter:

2.1. Each existing JNBSBL client with an up to date loan that is not in arrears, who refers a friend (whether an existing or new client of JN Bank) to open a loan account during December 1st 2022 to January 31st 2023 (“the Promotional Period”) will gain an entry to the Promotion if the person referred fully completes and submits a referral form.

2.2. Upon indicating that they were referred to JN Bank, each person referred (“referee”) will be asked to complete a referral form including the name, telephone number and telephone service provider of the person who referred them (“the referrer”), along with the application for their loan.

2.3. The completed form should be submitted by the referee to any JNBSBL Client Services Representative (CSR) or Client Relations Manager (CRM).

 

3. Grand Prize:

3.1. The Grand Prizes have a total value of J$175,000 and are as follows:

1st Place – JMD 100,000.00;

2nd Place – JMD 50,000.00;

3rd Place – JMD 25,000.00

 

4. Weekly Prizes:

4.1. Each referrer whose referral results in a loan disbursed to the person referred will be awarded J$200 call credit. This award will be given for each successful referral.

 

5. Method of selection of winners for Grand Prizes and Prize Draw dates

Weekly Prize Draw

5.1. Weekly Prizes shall be identified and dispatched upon completion of the promotion. The call credit will be sent to the phone number provided by the referrer. JN Bank shall not be required to confirm the owner or accuracy of any telephone number provided on a referral form and shall not be liable for any loss or damage to any person regarding the actual recipient of any call credit.

 

Grand Prize Draw

5.2. A successful referral is one where the referee has properly filled out the required forms with the necessary information regarding the referrer, has an active JNBSBL loan account that was opened during the promotional period and that account is not in arrears as at the last day of the promotion January 31st

5.3. At the end of the promotion all successful referrals will be compiled to form a database of referees who are considered Grand Prize entrants. The database will be forwarded to JN Bank’s Internal Audit Department for verification.

5.3. To qualify for a Grand Prize, entrants must have a minimum of ten (10) successful referrals.

5.4. From the database of entrants, the top nine (9) will be determined by choosing the referrers with the most successful referrals. The top three entrants will be the main grand prize winners and the remaining six will be considered back up entrants. Notwithstanding the foregoing, the number of back up entrants may number less than six in the event insufficient referrers have ten or more successful referrals.

5.5. Subject to the Bank’s ability to contact the individuals on the Grand Prize Draw Date as further outlined below, the entrant with the most successful referrals will win 1st place. Winners for 2nd and 3rd place will be the entrants with the 2nd and 3rd most referrals respectively.

5.6. On the grand prize draw date, each potential winner will be contacted by telephone. Three consecutive telephone attempts will be made to reach each potential winner. If JN Bank has exhausted the number of attempts and calls were unsuccessful, the next in line from the pre-selected back up potential winners will be selected. A failed attempt is when the phone rings without an answer, goes to voicemail, is busy or is answered by someone other than the winner the Bank is trying to reach. If after going through all potential winners and back up potential winners in the database no winners are identified the Bank has the right to retain the Prizes.

5.7. The Grand Prize draw will be held Wednesday, February 22nd 2023 at a JN Bank location in Kingston, Jamaica.

 

6. Claiming of Prize

6.1. Winners will be required to redeem prize within fourteen (14) days of being contacted by JN Bank and produce a valid government issued photo ID (Passport, Driver’s License or National Voters’ ID) in order to claim/collect the prize

6.2. Where the winner is unable to produce a valid government issued photo ID in the time provided, JN Bank Limited reserves the right to retain the prize.

6.3. **Prizes can only be redeemed as advertised and may not be transferred and or exchanged for any other form of compensation**

 

7. General Terms

7.1. By participating in the Promotion, all potential winners agree to be bound by the terms and conditions set out in the promotional material; and the decision(s) of JN Bank regarding all aspects of the Promotion will be final prior to approval from BGLC.

7.2. By accepting Prizes, winners agree to take part in any publicity or promotional event(s) arranged by JN Bank Limited surrounding the results of the Promotion, and that JN Bank may use their name, picture and likeness for advertising and promotional purposes, without further compensation. If winners refuse, they will forfeit their prize.

7.3. Prior to approval from BGLC, JN Bank reserves the right to delay, terminate or amend this Promotion at any time with or without prior notice. In any of these events notice will be given to the public via an advertisement in the print media.

7.4. To the fullest extent permitted by law, each person who accepts a prize in the Promotion is deemed to have waived any right that he/she has or may have against JN Bank and its officers, servants, employees, representatives and/or agents (including without limitation, any third party service providers or participating Merchants that JN Bank may engage for the purposes of the Promotion) in respect of any loss or damages howsoever arising whether in contract, tort, negligence or otherwise, in connection with the Promotion even if JN Bank has been advised of the possibility of such damages in advance.

7.5. JN Bank reserves the right to disqualify any transaction or participant, where JN Bank believes there has been tampering with the transaction or that the administration, security, fairness or proper operation of this Promotion has been impaired.

7.6. The Promotion and rules shall be exclusively governed and interpreted in accordance with the laws of Jamaica.