As per advertisement in today’s Sunday Gleaner newspaper:
Need a low interest loan, but want to grow your savings? Have your cake and eat it too with the Capital Plan Loan.
As low as 11% * p.a.
Be your own banker and benefit from low loan rates while earning higher interest rates on your savings!
- Borrow up to 90% of the value of your savings
- Use your savings account as collateral without losing interest on your savings
- Earn higher rates on your savings while paying lower rates on your loans
- Savings insured under the Jamaica Deposit Insurance Corporation (JDIC)
Current loan rates – Capital Loan Plan Accounts average 11% * while average industry loans are in the region of 21.08% **
* Conditions Apply
** Source – the Bank of Jamaica website (May 2010)
For more information, call toll free – 1-888-223-4669 (Monday to Friday, 8 a.m. to 6 p.m.) or visit your nearest Capital & Credit Merchant Bank branch.
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