Loans Jamaica

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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ScotiaBank Jamaica Has Reduced Its Lending Rates

Just hours after the Bank of Jamaica (BOJ) reduced the interest rate on open instruments by one per cent, Scotiabank Jamaica has announced a cut in its own interest rates. As of next Monday, August 3, Scotiabank’s base lending rates will be reduced by one per cent from 21.5 per cent to 20.5 per cent. [...]

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