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 |
Last reviewed: 2 April 2026. Rates shown here are indicative planning bands for the Jamaican market, aligned to recent Bank of Jamaica policy-rate levels and lender spread patterns, not a live feed or formal quote. Always confirm current rates, fees, deposit rules, and credit requirements with your lender before making a decision.