FUNDS
US$500,000 - US$500,000
INTEREST RATE
12%
INDUSTRIES
Tourism, Transporting
Eligibility
ANNUAL REVENUE
US$500,000 - US$500,000
REQUIRES COLLATERAL
4 YEARS
Qualifications
Must be entrepreneur in the Tourism sector
Documents Required
A current valuation report of the vehicle to be purchased (from JNSBL's approved list of valuators) along with a photograph of the vehicle
Copy of Certificate of Fitness and Registration
Copy of Import Entry (where applicable)
Copy of Insurance Policy
Motor Vehicle Title
Deposit on Motor Vehicle is required depending on the age of the vehicle
Application Process
To apply for this loan, a business must access Jamaica National Small Business Loan's website and locate the "TEF 5X5X5 Loan" section found in the "Our Products" section of the website. Then click the "Apply Now" button at the bottom of the page which redirects you to another page in which you can fill out an "Apply For a Loan" form.
Other Information
Moratorium of up to 6 months
Collateral Accepted:
Real Estate
Motor Vehicle/Motor Vehicle being purchased
Jamaica National Small Business Loan Limited
JN Bank is Jamaica’s first mutually-owned commercial bank, 100 per cent held by its savers and borrowers.Invigorated with the values and principles of its predecessor, the Jamaica National Building Society, JN Bank is underpinned by nearly a century and a half of rich history and legacy, which it continues to build on as a member of The Jamaica National Group. JN Bank is committed to the success of Jamaicans, through bold initiatives, products and services that instil confidence and create extraordinary experiences.
32 1/2 Duke Street, Kingston
Telephone: (876) 948-7454-5
Whats App #: (876) 295-1298
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