The processing of a Home Equity and HELP loans are processed in approximately 6 weeks.
A loan to purchase property takes approximately 90 days from the signing of the Sales Agreement to loan disbursement. However, an applicant may be advised by his or her Attorney to sign a 120- days contract depending on the complexities of the transaction.
We will lend up to eighty five percent (85%) of the purchase or valuation, whichever is lower. If you are accessing the loan under the Joint Financing Mortgage Programme, i.e. with another institution, the combined loan should not exceed 85%.
Once you have identified the home and have done a preliminary interview, there are specific documents that you will need to provide for the processing of the loan.
Once you are purchasing a residential property, you will enjoy rate 13.75% -15% Click here to view conditions. This applies to all buyers whether first time or second time.
Applicants can access up to 75% or 50% to purchase residential land. The higher percentage is offered where there is infrastructure and the lower rate in the absence of infrastructure.
The Branch Manager will apply the usual assessment and make recommendations to the Credit Committee.
Customers residing in Jamaica
Should you desire to add a name to your account, you may collect a Joint Agreement Form at any of our 29 locations islandwide. You will be required to complete and have the form witnessed by a J.P. Pastor or Lawyer.
Having completed the form, please send it in with a notarized copy of your valid ID (i.e. Passport, Driver’s Licence, National ID or voter’s identification) for all persons to be listed on the account. Your TRN will also be required.
Customers residing Overseas
If you are residing overseas you may request the form, have it completed and signed by a notary public. You may submit your request at info@jnbs.com providing your complete name and mailing address.
Please note that once a name is removed from an account, the account has to be closed and a new account established with the names of the persons requested.
All persons on the account should complete the form. The form should be returned along with notarized identification of all additional parties on the account as well as the passbook.
Please mail your documents to Chief Office, 2-4 Constant Spring Road, Kingston 10.
* The same procedures apply when removing a name from an account
