🏦 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) | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Development Bank of Jamaica (DBJ)DBJ Business Loan (via approved financial institutions) | Total cost of creditJ$105,190interest J$95,190 + fees J$10,000 Monthly paymentJ$30,422you repay J$1,105,190 in all Effective rate incl. fees6.88%at 6% | business | development bank | 6% | 12% | fixed | 120 months | J$200,000,000 | 1% | — | Visit ↗ |
| EXIM Bank JamaicaEXIM Bank Small Business Facility | Total cost of creditJ$138,109interest J$128,109 + fees J$10,000 Monthly paymentJ$31,336you repay J$1,138,109 in all Effective rate incl. fees9.04%at 8% | business | development bank | 8% | 12% | fixed | 60 months | J$25,000,000 | 1% | — | Visit ↗ |
| NCB (National Commercial Bank)NCB Business Loan | Total cost of creditJ$181,619interest J$161,619 + fees J$20,000 Monthly paymentJ$32,267you repay J$1,181,619 in all Effective rate incl. fees12.01%at 10% | business | bank | 10% | 16% | variable | 120 months | J$100,000,000 | 1.5% | — | Visit ↗ |
| Scotiabank JamaicaScotia Business Loan | Total cost of creditJ$190,088interest J$170,088 + fees J$20,000 Monthly paymentJ$32,502you repay J$1,190,088 in all Effective rate incl. fees12.57%at 10.5% | business | bank | 10.5% | 16% | variable | 120 months | J$100,000,000 | 1.5% | — | 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
