🏦 Loans
The same loan can cost hundreds of thousands more at one lender than another. See the total cost of borrowing — fees included — from every bank, credit union, micro-lender and development bank in Jamaica.
| Provider & product | Total cost of credit | Loan type | Lender | Rate from | Rate up to | Rate type | Max term | Max amount | Processing fee | Insurance (per year) | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| COK Sodality Co-operative Credit UnionCOK Motor Vehicle Loan | Total cost of creditJ$167,290interest J$144,790 + fees J$15,000 + insurance/other J$7,500 Monthly paymentJ$31,800you repay J$1,167,290 in all Effective rate incl. fees11%at 9% | auto | credit union | 9% | 11% | fixed | 96 months | J$12,000,000 | 1% | 0.25% | Visit ↗ |
| JMMB BankJMMB Auto Loan | Total cost of creditJ$186,398interest J$157,398 + fees J$20,000 + insurance/other J$9,000 Monthly paymentJ$32,150you repay J$1,186,398 in all Effective rate incl. fees12.32%at 9.75% | auto | bank | 9.75% | 12% | fixed | 96 months | J$15,000,000 | 1.5% | 0.3% | Visit ↗ |
| NCB (National Commercial Bank)NCB Auto Loan | Total cost of creditJ$187,186interest J$153,186 + fees J$25,000 + insurance/other J$9,000 Monthly paymentJ$32,033you repay J$1,187,186 in all Effective rate incl. fees12.44%at 9.5% | auto | bank | 9.5% | 12% | fixed | 96 months | J$15,000,000 | 2% | 0.3% | Visit ↗ |
| Sagicor Bank JamaicaSagicor Bank Auto Loan | Total cost of creditJ$187,186interest J$153,186 + fees J$25,000 + insurance/other J$9,000 Monthly paymentJ$32,033you repay J$1,187,186 in all Effective rate incl. fees12.44%at 9.5% | auto | bank | 9.5% | 11.5% | fixed | 96 months | J$15,000,000 | 2% | 0.3% | Visit ↗ |
| JN BankJN Bank Auto Loan | Total cost of creditJ$191,398interest J$157,398 + fees J$25,000 + insurance/other J$9,000 Monthly paymentJ$32,150you repay J$1,191,398 in all Effective rate incl. fees12.72%at 9.75% | auto | bank | 9.75% | 12% | fixed | 96 months | J$15,000,000 | 2% | 0.3% | Visit ↗ |
| First Global BankFirst Global Auto Loan | Total cost of creditJ$195,619interest J$161,619 + fees J$25,000 + insurance/other J$9,000 Monthly paymentJ$32,267you repay J$1,195,619 in all Effective rate incl. fees13%at 10% | auto | bank | 10% | 12.5% | fixed | 84 months | J$12,000,000 | 2% | 0.3% | Visit ↗ |
| Scotiabank JamaicaScotia Auto Loan | Total cost of creditJ$201,543interest J$167,543 + fees J$25,000 + insurance/other J$9,000 Monthly paymentJ$32,432you repay J$1,201,543 in all Effective rate incl. fees13.4%at 10.35% | auto | bank | 10.35% | 12.5% | fixed | 96 months | J$20,000,000 | 2% | 0.3% | Visit ↗ |
About these figures. Rates are headline rates published by each lender and vary with your credit profile, security and term. Fees (processing, legal, valuation, stamp duty, insurance) are typical published figures. Confirm with the lender before applying. Spotted a wrong number? Report it and we will check it within a day. Show as cards instead
