Strapped for Cash? Explore the JN Term Share Loan
In life, there are sometimes unforeseen events that will come about, resulting in the need for access to additional funds. Often, many persons will turn to an existing savings account to fill the need, which can ultimately impact on set financial goals.
AT JNBS, members are given the very attractive option of utilizing the Term Loan Share, with an interest rate of up to 8.25% per annum. A cash-secured loan, members may borrow up to 80 percent of their savings in select accounts.
“This loan option is an attractive option for JN members”, says JNBS Chief UK Representative Officer, Leon Hamilton, “as it appeals to members who want a quick and relatively easy solution to finance pressing needs without having to touch existing savings.
“With the Term Share Loan, members are able to retain their investment while securing a short term loan at a competitive rate. The funds can be made available within 3 to 5 working days of request and requires no additional documentation outside of the standard transaction documents”.
Steadily growing in popularity, the Term Share Loan, Hamilton highlighted, has proven beneficial to many JN members. “For those who have utilized the facility, we have noted where their savings pattern has remained constant as in many cases. When investments are broken, it sometimes takes a while to rebuild to the original levels”.
With an attractive interest rate, JN members are able to access the loan at any of the JN Representative offices or the UK Mobile Unit.