Loans Jamaica » National Commercial Bank Loan

National Commercial Bank Cuts Loan Rates Again

admin — Sat, 24 Jul 2010 23:54:28 +0000

National Commercial Bank (NCB) announced yesterday, that effective August 2010, the bank will cut its base lending rate by three percentage points, moving it to 17.75 per cent from 20.75 per cent. NCB now joins FirstCaribbean and Scotiabank in reducing interest rates.

NCB’s announcement was made yesterday along with the release of the banking group’s nine-month results to June 30, 2010, which reflected a 10% increase in net profits (to $8.08 billion). Notably, the bank’s loan portfolio fell by J$3.9 billion to $85.1 billion, which it said was due to a “reduction in the rate of loan growth, as well as the effect of the appreciation of the Jamaican dollar.

NCB F.A.R.M. Loan

admin — Sat, 27 Mar 2010 02:33:35 +0000

Today’s newspapers feature full-page National Commercial Bank (NCB) advertisements for their NCB F.A.R.M. Loan. F.A.R.M. means “Financial Access for Responsible Members loan). Here are the details as per the newspaper advert:

FARMERS … Let NCB help you grow with the NCB F.A.R.M. Loan
Repay the loan as you reap your irish potatoes, onions and hot peppers.

- Guaranteed buyers
- Borrow from $100,000 to $2,000,000
- Unsecured financing available
- Get 9% until April 30, 2010

The NCB F.A.R.M. Loan is being provided in partnership with the Ministry of Agriculture and Fisheries.

NCB Business Loans

admin — Mon, 30 Nov 2009 20:12:47 +0000

National Commercial Bank (NCB) continues its drive to drum up loans, with an ad in today’s Jamaica Observer newspaper offering its business loans. Here are the details from the ad which had the slogan, ‘We help your business achieve big dreams‘:

Get the support you need to realize your big dreams from NCB’s experienced Business Bankers. We work to understand your business and guide you to success with personalized financial solutions including:
Business Loans – NCB Business Grow, NCB Merchant Advance, NCB/JEA Export Expansion Facility, NCB Receivables Financing, NCB Commercial Vehicle Loan

Want more information? Talk to a Business Banker at any NCB branch or call 1-888-622-3477

NCB Announces 9% $1-Billion Loan Fund

admin — Wed, 21 Oct 2009 13:50:12 +0000

Following ScotiaBank’s recent announcement of the creation of a 9.95% loan pool for the productive sector, National Commercial Bank of Jamaica has announced the creation of a $1-billion concessionary loan fund that will provide loans at 9.0%.

Loan applications for the facility will reportedly open on November 1, and close April 2010 – with special consideration being given to the bank’s existing customers. Available loan sizes will range from a low of $500,000 to a high of $15 million. Borrowers will reportedly be allowed up to seven years to repay, and, subject to negotiations, may also be granted a one-year moratorium on the principal. Once approved, the funds will have to be drawn down within three months, either in multiple disbursements or in a single disbursement.

The sectors reportedly being targeted for this loan fund are manufacturing, agriculture, women in business, and new business ventures.

To qualify for a loan from this 9.0% loan fund, applicants must demonstrate the ability to pay and prove that the company is a registered SME. Disbursements will be in Jamaican currency.

NCB Automobile Loan

admin — Mon, 21 Sep 2009 16:32:41 +0000

National Commercial Bank (NCB) has a full page ad in yesterday’s Gleaner, promoting the NCB Automobile Loan. According to the ad:

New vehicle, used vehicle … one affordable interest rate!
19.75%

Plus – pay no principal for 3 months
That’s what you get with a flexible NCB Auto Loan!

Visit your nearest NCB branch or apply online at www.jncb.com