🏦 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 Personal Loan | Total cost of creditJ$187,588interest J$170,088 + fees J$10,000 + insurance/other J$7,500 Monthly paymentJ$32,502you repay J$1,187,588 in all Effective rate incl. fees12.28%at 10.5% | personal | credit union | 10.5% | 16% | fixed | 84 months | J$5,000,000 | 1% | 0.25% | Visit ↗ |
| First Heritage Co-operative Credit UnionFirst Heritage Personal Loan | Total cost of creditJ$196,094interest J$178,594 + fees J$10,000 + insurance/other J$7,500 Monthly paymentJ$32,739you repay J$1,196,094 in all Effective rate incl. fees12.84%at 11% | personal | credit union | 11% | 17% | fixed | 72 months | J$4,000,000 | 1% | 0.25% | Visit ↗ |
| JN BankJN Bank Personal Loan | Total cost of creditJ$226,215interest J$195,715 + fees J$20,000 + insurance/other J$10,500 Monthly paymentJ$33,214you repay J$1,226,215 in all Effective rate incl. fees14.96%at 12% | personal | bank | 12% | 18% | fixed | 72 months | J$4,000,000 | 2% | 0.35% | Visit ↗ |
| JMMB BankJMMB Personal Loan | Total cost of creditJ$229,831interest J$204,331 + fees J$15,000 + insurance/other J$10,500 Monthly paymentJ$33,454you repay J$1,229,831 in all Effective rate incl. fees15.12%at 12.5% | personal | bank | 12.5% | 18% | fixed | 72 months | J$5,000,000 | 1.5% | 0.35% | Visit ↗ |
| National People's Co-operative Bank (PC Bank)PC Bank Personal Loan | Total cost of creditJ$245,395interest J$230,395 + fees J$15,000 Monthly paymentJ$34,178you repay J$1,245,395 in all Effective rate incl. fees16.15%at 14% | personal | credit union | 14% | 20% | fixed | 60 months | J$3,000,000 | 1.5% | — | Visit ↗ |
| Scotiabank JamaicaScotia Personal Loan | Total cost of creditJ$248,482interest J$212,982 + fees J$25,000 + insurance/other J$10,500 Monthly paymentJ$33,694you repay J$1,248,482 in all Effective rate incl. fees16.52%at 13% | personal | bank | 13% | 19% | fixed | 84 months | J$6,000,000 | 2.5% | 0.35% | Visit ↗ |
| CIBC Caribbean (FirstCaribbean)CIBC Caribbean Personal Loan | Total cost of creditJ$252,170interest J$221,670 + fees J$20,000 + insurance/other J$10,500 Monthly paymentJ$33,935you repay J$1,252,170 in all Effective rate incl. fees16.68%at 13.5% | personal | bank | 13.5% | 19% | fixed | 84 months | J$5,000,000 | 2% | 0.35% | Visit ↗ |
| First Global BankFirst Global Personal Loan | Total cost of creditJ$260,895interest J$230,395 + fees J$20,000 + insurance/other J$10,500 Monthly paymentJ$34,178you repay J$1,260,895 in all Effective rate incl. fees17.26%at 14% | personal | bank | 14% | 19% | fixed | 60 months | J$3,000,000 | 2% | 0.35% | Visit ↗ |
| NCB (National Commercial Bank)NCB Personal Loan | Total cost of creditJ$269,655interest J$239,155 + fees J$20,000 + insurance/other J$10,500 Monthly paymentJ$34,421you repay J$1,269,655 in all Effective rate incl. fees17.85%at 14.5% | personal | bank | 14.5% | 20% | fixed | 84 months | J$5,000,000 | 2% | 0.35% | Visit ↗ |
| Sagicor Bank JamaicaSagicor Bank Personal Loan | Total cost of creditJ$278,452interest J$247,952 + fees J$20,000 + insurance/other J$10,500 Monthly paymentJ$34,665you repay J$1,278,452 in all Effective rate incl. fees18.43%at 15% | personal | bank | 15% | 20% | fixed | 84 months | J$5,000,000 | 2% | 0.35% | Visit ↗ |
| Access Financial ServicesAccess Personal Loan | Total cost of creditJ$693,937interest J$648,937 + fees J$30,000 + insurance/other J$15,000 Monthly paymentJ$45,804you repay J$1,693,937 in all Effective rate incl. fees47.08%at 36% | personal | micro-lender | 36% | 55% | flat (add-on) | 36 months | J$2,000,000 | 3% | 0.5% | Visit ↗ |
| Courts Ready Cash (Unicomer)Ready Cash Personal Loan | Total cost of creditJ$800,730interest J$774,230 + fees J$2,500 + insurance/other J$24,000 Monthly paymentJ$49,284you repay J$1,800,730 in all Effective rate incl. fees53.07%at 42% | personal | retailer | 42% | 60% | flat (add-on) | 36 months | J$1,500,000 | — | 0.8% | Visit ↗ |
| Sprint Financial ServicesSprint Personal Loan | Total cost of creditJ$375,916interest J$345,916 + fees J$30,000 Monthly paymentJ$74,773you repay J$1,375,916 in all Effective rate incl. fees54.67%at 40% | personal | micro-lender | 40% | 72% | flat (add-on) | 18 months | J$1,000,000 | 3% | — | Visit ↗ |
| Dolla Financial ServicesDolla Personal Loan | Total cost of creditJ$447,138interest J$417,138 + fees J$30,000 Monthly paymentJ$59,047you repay J$1,447,138 in all Effective rate incl. fees47.38%at 36% | personal | micro-lender | 36% | 60% | flat (add-on) | 24 months | J$2,000,000 | 3% | — | Visit ↗ |
| Kris An Charles InvestmentsKris An Charles Personal Loan | Total cost of creditJ$447,138interest J$417,138 + fees J$30,000 Monthly paymentJ$59,047you repay J$1,447,138 in all Effective rate incl. fees47.38%at 36% | personal | micro-lender | 36% | 60% | flat (add-on) | 24 months | J$1,500,000 | 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
