Loans Jamaica

ScotiaWheels Now 16.95%

Late last year, we mentioned ScotiaBank’s ScotiaWheels with its 19.75% interest rate on loans for new or used cars. Now, today’s Jamaica Observer newspaper features a full-page ScotiaWheels ad with a new low rate of 16.95%. Here are the details are per the ad: 16.95% interest rate 95% financing * 84 months to repay * [...]

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Students’ Loan Bureau Lending Rates To Be Reduced

Minister of Finance, Audley shaw, has announced that instructions have been issued to the Students Loan Bureau (SLB) to lower its lending rates. An official announcement will reportedly be made soon on the rate adjustments. The expected rate adjustments are part of an overall interest rate reduction strategy being pursued by the Jamaica Government, as [...]

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Scotiabank Launches SME Business Loan

By way of press releases and full-page ads in both major daily newspapers today, Scotiabank has launched a new Small & Micro-Enterprise (SME) Business Loan – a fixed-loan rate, that’s aimed at stimulating activity and development of the small-medium enterprise (SME) sector over the next 12 months. A press release from Scotiabank stated, “Effective today [...]

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NCB Lowers Its Automobile Loan Rates

Based on a full-page ad that was run in yesterday’s Sunday Gleaner, National Commercial Bank (NCB) has lowered its automobile loan rates from as low as 19.75% to as low as 16.95%. According to the ad: Get your auto loan now …. with rates as low as 16.95%. Plus, pay no principal for one (1) [...]

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