Loan Rate Comparison
Compare indicative ranges from major Jamaican banks and credit unions, then use the calculators to test what those rates mean for your monthly payment and total cost.
How to read this table
- These are indicative April 2026 planning bands, not live offers or guaranteed approvals.
- Use the lower end only if your income, credit profile, and deposit are strong.
- Credit unions may offer lower rates but sometimes require membership or slower processing.
Lowest visible starting rates
- JTA Co-op CU: 11% – 16.5%
- Police Co-op CU: 11% – 16%
- Teachers' CU: 11% – 16%
| Institution | Unsecured | Secured |
|---|---|---|
| NCB | 13% – 20% | 9% – 13.5% |
| Scotiabank | 14% – 21% | 10% – 14% |
| JMMB Bank | 13% – 19% | 9% – 13% |
| Sagicor Bank | 14% – 20% | 10% – 14% |
| First Global | 13.5% – 20% | 9.5% – 13.5% |
| JTA Co-op CU | 11% – 16.5% | N/A |
| COK Sodality CU | 11.5% – 17% | N/A |
| JN Bank (CU) | 11.5% – 16.5% | N/A |
| Police Co-op CU | 11% – 16% | N/A |
| Teachers' CU | 11% – 16% | N/A |
Frequently Asked Questions
What is NCB's personal loan rate in Jamaica?
NCB's indicative unsecured personal loan rate is 13%–20% as of April 2026. Secured personal loan rates at NCB are lower, typically 9%–13.5%, depending on the collateral and your credit profile.
What is Scotiabank's personal loan rate in Jamaica?
Scotiabank's indicative unsecured personal loan rate is 14%–21% and secured personal loan rate is 10%–14% as of April 2026. Actual rates depend on your creditworthiness and loan purpose.
What is Sagicor Bank's loan rate in Jamaica?
Sagicor Bank's indicative unsecured personal loan rate is 14%–20%, auto loan rate is 8.75%–12.25% for new vehicles, and fixed mortgage rate is 7.25%–9.25%. All figures are planning estimates for April 2026.
What is JMMB Bank's car loan rate in Jamaica?
JMMB Bank's indicative auto loan rate is 8%–11.5% for a new vehicle and 9.5%–13% for a used vehicle as of April 2026. Use the Auto Loan Calculator to estimate your exact monthly payment.
Can I get 100% car financing in Jamaica?
Yes, in some cases. Certain institutions may offer up to 100% financing for newer vehicles when the borrower has strong credit and income. Requirements vary by lender, so confirm age limits, insurance conditions, and approval criteria directly.
Which bank has the lowest personal loan rate in Jamaica?
Credit unions typically offer the lowest personal loan rates. JTA Co-op CU and Police Co-op CU show indicative rates of 11%–16% for unsecured loans, compared to 13%–21% at major commercial banks. Rates vary by member eligibility and credit profile.
What is NCB's mortgage rate in Jamaica?
NCB's indicative fixed mortgage rate is 6.75%–8.75% and variable rate is 5.75%–7.75% as of April 2026. These are planning estimates — confirm current rates, fees, and eligibility requirements directly with NCB.
How do I get a loan in Jamaica?
Start by estimating how much you can afford using the Affordability Calculator, then use the individual calculators (personal, auto, or mortgage) to compare monthly costs. Once you have a budget, approach lenders like NCB, Scotiabank, Sagicor, or JMMB with pay slips, bank statements, and valid ID to apply.
Are Jamaican credit union loan rates lower than bank rates?
Generally yes — credit unions such as JN Bank, JTA Co-op CU, COK Sodality CU, Police Co-op CU, and Teachers' CU often offer rates 2%–5% lower than commercial banks for personal loans. However, membership eligibility and processing times may differ.