🏦 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) | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| National Housing Trust (NHT)NHT Home Loan | Total cost of creditJ$25,000interest J$0 + fees J$10,000 + insurance/other J$15,000 Monthly paymentJ$27,778you repay J$1,025,000 in all Effective rate incl. fees1.64%at 0% | mortgage | government | 0% | 5% | fixed | 360 months | J$7,500,000 | 0% | 0.5% | Visit ↗ |
| 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 ↗ |
| Development Bank of Jamaica (DBJ)DBJ Agriculture & Agro-processing Line | 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% | agriculture | development bank | 6% | 11% | fixed | 120 months | J$100,000,000 | 1% | — | Visit ↗ |
| 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 ↗ |
| EXIM Bank JamaicaEXIM Bank Export / Trade Loan | Total cost of creditJ$126,575interest J$111,575 + fees J$15,000 Monthly paymentJ$30,877you repay J$1,126,575 in all Effective rate incl. fees8.33%at 7% | export / trade | development bank | 7% | 11% | fixed | 84 months | J$150,000,000 | 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 ↗ |
| 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 ↗ |
| Jamaica Co-operative Credit Union League (member CUs)Credit-union agricultural loan (typical) | 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% | agriculture | credit union | 9% | 14% | fixed | 60 months | J$10,000,000 | 1% | — | Visit ↗ |
| 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 ↗ |
| National People's Co-operative Bank (PC Bank)PC Bank Farm Loan | Total cost of creditJ$176,619interest J$161,619 + fees J$15,000 Monthly paymentJ$32,267you repay J$1,176,619 in all Effective rate incl. fees11.62%at 10% | agriculture | credit union | 10% | 18% | fixed | 60 months | J$20,000,000 | 1.5% | — | 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 ↗ |
| 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 ↗ |
| 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 ↗ |
| 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 ↗ |
| JN BankJN Bank Mortgage | Total cost of creditJ$191,324interest J$119,824 + fees J$55,000 + insurance/other J$16,500 Monthly paymentJ$31,106you repay J$1,191,324 in all Effective rate incl. fees13.12%at 7.5% | mortgage | bank | 7.5% | 9.5% | fixed then variable | 420 months | J$60,000,000 | 1% | 0.55% | 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 ↗ |
| 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 ↗ |
| 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 ↗ |
| COK Sodality Co-operative Credit UnionCOK Mortgage | Total cost of creditJ$202,266interest J$132,266 + fees J$55,000 + insurance/other J$15,000 Monthly paymentJ$31,452you repay J$1,202,266 in all Effective rate incl. fees13.87%at 8.25% | mortgage | credit union | 8.25% | 9.5% | variable | 360 months | J$40,000,000 | 1% | 0.5% | Visit ↗ |
| CIBC Caribbean (FirstCaribbean)CIBC Caribbean Mortgage | Total cost of creditJ$207,931interest J$136,431 + fees J$55,000 + insurance/other J$16,500 Monthly paymentJ$31,568you repay J$1,207,931 in all Effective rate incl. fees14.26%at 8.5% | mortgage | bank | 8.5% | 9.75% | variable | 360 months | J$80,000,000 | 1% | 0.55% | Visit ↗ |
| NCB (National Commercial Bank)NCB Mortgage | Total cost of creditJ$207,931interest J$136,431 + fees J$55,000 + insurance/other J$16,500 Monthly paymentJ$31,568you repay J$1,207,931 in all Effective rate incl. fees14.26%at 8.5% | mortgage | bank | 8.5% | 10% | variable | 420 months | J$60,000,000 | 1% | 0.55% | Visit ↗ |
| Sagicor Bank JamaicaSagicor Bank Mortgage | Total cost of creditJ$212,106interest J$140,606 + fees J$55,000 + insurance/other J$16,500 Monthly paymentJ$31,684you repay J$1,212,106 in all Effective rate incl. fees14.55%at 8.75% | mortgage | bank | 8.75% | 10% | variable | 360 months | J$60,000,000 | 1% | 0.55% | Visit ↗ |
| JMMB BankJMMB Mortgage | Total cost of creditJ$215,453interest J$143,953 + fees J$55,000 + insurance/other J$16,500 Monthly paymentJ$31,776you repay J$1,215,453 in all Effective rate incl. fees14.78%at 8.95% | mortgage | bank | 8.95% | 10.25% | variable | 360 months | J$60,000,000 | 1% | 0.55% | Visit ↗ |
| Scotiabank JamaicaScotia Mortgage | Total cost of creditJ$218,805interest J$147,305 + fees J$55,000 + insurance/other J$16,500 Monthly paymentJ$31,870you repay J$1,218,805 in all Effective rate incl. fees15.01%at 9.15% | mortgage | bank | 9.15% | 10.5% | variable | 360 months | J$80,000,000 | 1% | 0.55% | 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 ↗ |
| JN Small Business LoansJN Small Business Loan | Total cost of creditJ$457,383interest J$412,383 + fees J$30,000 + insurance/other J$15,000 Monthly paymentJ$39,233you repay J$1,457,383 in all Effective rate incl. fees30.73%at 24% | micro | micro-lender | 24% | 42% | fixed | 36 months | J$5,000,000 | 3% | 0.5% | 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 Salary Advance | Total cost of creditJ$45,488interest J$30,488 + fees J$15,000 Monthly paymentJ$110,163you repay J$345,488 in all Effective rate incl. fees145.89%at 60% | salary advance | micro-lender | 60% | 120% | flat (add-on) | 3 months | J$300,000 | 5% | — | 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 Business Loan | Total cost of creditJ$381,908interest J$341,908 + fees J$30,000 + insurance/other J$10,000 Monthly paymentJ$55,913you repay J$1,381,908 in all Effective rate incl. fees40.04%at 30% | micro | micro-lender | 30% | 60% | flat (add-on) | 24 months | J$5,000,000 | 3% | 0.5% | 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 ↗ |
| Lasco MicrofinanceLasco Microfinance Business 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% | micro | micro-lender | 36% | 60% | flat (add-on) | 24 months | J$2,000,000 | 3% | — | Visit ↗ |
| Worldnet MicrofinanceWorldnet Micro 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% | micro | micro-lender | 36% | 60% | flat (add-on) | 24 months | J$1,500,000 | 3% | — | Visit ↗ |
| Access Financial ServicesAccess Micro Loan | Total cost of creditJ$482,702interest J$442,702 + fees J$30,000 + insurance/other J$10,000 Monthly paymentJ$60,113you repay J$1,482,702 in all Effective rate incl. fees51.45%at 38% | micro | micro-lender | 38% | 60% | flat (add-on) | 24 months | J$1,000,000 | 3% | 0.5% | 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
