Loans Jamaica

RBTT To Lower Its Prime Lending Rate

Effective November 1, 2009, RBTT Bank Jamaica will cut its prime lending rate by another 50 basis point (0.5 percentage points), to 20.5%. This follows a previous reduction just last month (September) by 100 basis points. At the end of August 2009, RBTT’s prime lending rate had stood at 22%. RBTT has said that the [...]

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NCB Automobile Loan Tips

NCB Automobile Loan – As stated today in an advertisement in the Jamaica Observer newspaper: The National Commercial Bank (NCB) is keen on guiding Jamaicans in understanding the auto industry more, by providing valuable tips that you can use to guide you in dealing with issues related to your vehicle as well as the industry. [...]

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ScotiaBank Offers 9.95% Loan Pool To The Productive Sector

President and CEO of Scotia Group Jamaica, Bruce Bowen, announced yesterday, the launch of a concessionary 9.95% loan facility called the Scotia Productive Sector Growth Fund that’s specifically for Jamaica’s productive. They have made J$500 million available for lending within this fund, and at an interest rate of 9.95%, it is undoubtedly one of the [...]

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Borrowing Can Improve Standard Of Living

According to a study (which was conducted and completed towards the end of 2008) that was done by the Tropical Medicine Research Institute at the University of the West Indies, Mona, being a Jamaica National (JN) Small Business Loan (JNBSL) beneficiary can significantly improve your standard of living. The research team, which ws led by [...]

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FirstCaribbean Lowers Its Lending Rate

As of today, October 1, FirstCaribbean International Bank Jamaica Limited (FCIBJ) has cut 150 basis points off its prime lending rates, and so its new prime lending rate will adjust from 21.75% to 20.25%. It’s the second of seven commercial banks to cut its lending rates, following Scotia-bank’s one-point adjustment of its base rate in [...]

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