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Monthly Rate Watch

Indicative lending rate bands for Jamaican banks and institutions. Use these ranges to understand the market before you apply — then run the calculators for your specific numbers.

Reviewed: BOJ Policy Rate: 5.50%
Disclaimer: All rate ranges are indicative only, based on publicly available information and market estimates. Actual rates depend on your credit profile, income, loan amount, and lender assessment. Confirm current rates directly with your chosen institution before making any financial decision.

Personal Loan

InstitutionMin RateMax Ratevs Last MonthNotes
NCB Jamaica16.50%24.00%Salary-assigned facilities may attract lower end of range.
Scotiabank Jamaica17.00%25.00%
Sagicor Bank Jamaica15.00%23.00%Promotional rate available for qualifying customers.
JMMB Bank Jamaica15.50%22.00%
JN Bank16.00%23.50%
Victoria Mutual (VMBS)14.00%20.00%Members may qualify for preferential rates.

Mortgage (Fixed)

InstitutionMin RateMax Ratevs Last MonthNotes
Sagicor Bank Jamaica9.75%12.50%
NHT7.00%Rate depends on contributor income band. Lowest rates for teachers, nurses, and firefighters. NHT loans cannot exceed statutory limits.

Mortgage (Variable)

InstitutionMin RateMax Ratevs Last MonthNotes
NCB Jamaica10.50%13.50%
Scotiabank Jamaica10.00%13.00%
JN Bank10.00%13.00%

Auto Loan

InstitutionMin RateMax Ratevs Last MonthNotes
NCB Jamaica14.00%18.00%
Scotiabank Jamaica13.50%17.50%
JMMB Bank Jamaica13.00%16.50%

Student Loan

InstitutionMin RateMax Ratevs Last MonthNotes
Students' Loan Bureau (SLB)3.00%6.00%SLB rates are set by government policy. Repayment begins after graduation.

Run Your Numbers

Rate ranges are just the starting point. Use the calculators to estimate your actual monthly payments and total cost.

Bank-Specific Application Guides

Ready to apply? Step-by-step guides for each major Jamaican lender.