🏦 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) | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Students' Loan BureauStudents' Loan Bureau Tuition Loan | Total cost of creditJ$110,190interest J$95,190 + insurance/other J$15,000 Monthly paymentJ$30,422you repay J$1,110,190 in all Effective rate incl. fees7.14%at 6% | education | government | 6% | 9.5% | fixed | 96 months | J$2,500,000 | 0% | 0.5% | Visit ↗ |
| First Heritage Co-operative Credit UnionFirst Heritage Education Loan | Total cost of creditJ$154,790interest J$144,790 + fees J$10,000 Monthly paymentJ$31,800you repay J$1,154,790 in all Effective rate incl. fees10.13%at 9% | education | credit union | 9% | 12% | fixed | 60 months | J$3,000,000 | 1% | — | 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
