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NCB Auto Equity Loan
Details as per advertisement in today’s Sunday Gleaner: NCB Auto Equity Loan Need Cash? Borrow the money from your car! Borrow up to $6 million Get up to 5 1/2 years to repay Available for vehicles up to 5 years old One payment holiday annually For more information, please visit your nearest NCB branch, or [...]
Continue reading...AIM Car Loan Bonanza
30. June 2010
AIM Financial Corporation Ltd., has advertised its CAR LOAN BONANZA in today’s Jamaica Gleaner newspaper, details as follows: Financing for cars up to nine years old Over 7 years to repay Low interest rates Up to 87% financing Obtain insurance on the spot Insurance premium financing available July special – get a lower interest rate [...]
Continue reading...Survey Shows That Auto Loan Rates In Jamaica At 15-Year Low
20. June 2010
Today’s Sunday Gleaner, has a report about a recent survey of rates among some credit unions and banks, which showed that the lending rate for auto loans in Jamaica is at a 15 year low … “but consumers are not exactly beating a path to the doors of local lenders.” “A Sunday Business survey of [...]
Continue reading...Hanover Co-operative Credit Union Motor Vehicle Loan
2. April 2010
The Hanover Co-operative Credit Union Ltd. offers a motor vehicle loan with the following terms and details: - Interest as low as 16% p.a. - Up to 90% financing - Up to 7 years to repay <note – conditions apply> For more information, call them at 956-3030 or email haccul@yahoo.com
Continue reading...Jamaica Observer Article – NCB & Scotiabank Jostling For Auto Loan Market
12. March 2010
Today’s Jamaica Observer newspaper has an article about the on-going battle between National Commercial Bank (NCB) and Scotiabank over the auto loan market. “LEADING financial institutions National Commercial Bank (NCB) and Scotiabank are jostling for the major share of the tight auto loan market, both significantly chopping interest rates and wooing auto dealers over the [...]
Continue reading...RBTT Motor Vehicle Loan
26. February 2010
RBTT has joined other banks – such as ScotiaBank and NCB – and seems now to be aggressively pushing its motor vehicle loan options. Here are details from their ad in today’s Jamaica Observer newspaper: You can’t go wrong with an RBTT motor vehicle loan! Financing: Up to 90% on new and used vehicles Financing [...]
Continue reading...C&WJ Credit Union Motor Car Loan Reduced To 16.5%
15. February 2010
In November 2009, we mentioned that C&WJ Credit Union’s motor car loans were available, with interest rate starting at 20% per annum. Yesterday’s Sunday Gleaner has a new C&WJ Credit Union Motor Car Loan ad which speaks to the fact that financing your car through them is now more affordable, with interest rate starting at [...]
Continue reading...First Global Lowers Its Car Loan Rates As Well
7. February 2010
Hot on the heels of both NCB and Scotiabank announcing lowered car loan rates via newspaper ads, today’s Jamaica Observer newspaper features a First Global Bank advertisement about its 16.95% car loan rate (down from 19.75% in November 2009). Here are the details from the ad today: Buying a car just got a lot easier [...]
Continue reading...ScotiaWheels Now 16.95%
5. February 2010
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 * [...]
Continue reading...Car Loan Delinquency On The Rise In Jamaica
15. January 2010
According to a report in today’s Jamaica Observer newspaper, car loan delinquency is on the rise here in Jamaica. It states that the massive job losses and fallout from the collapse of the alternative investment schemes (e.g. Olint & Cash Plus) still account for many Jamaicans not being able to pay their bills. One symptom [...]
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22. August 2010
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