Tue | Oct 17, 2017

JN Makes Loans Affordable for Blue Tag Promotion

Published:Saturday | January 28, 2017 | 12:00 AM

Jamaica National Building Society (JNBS) has reduced its interest rates and launched specials to promote accessible and affordable loan solutions in its second JN Blue Tag Sale, which begins today and which will run until March 31.

To kick-start the promotion this year, the launch is taking place at the JN head office, in Half-Way-Tree, today, between 12 noon and 10 p.m.

This promotion, in the first quarter of the New Year, will highlight JN's auto, personal, unsecured, and mortgage loans; as well as its JN VISA Classic and gold cards.

JN Blue Tag will offer rates of 7.99 to 8.99 per cent for the purchase of new and used vehicles for the life of the loan; 15.50 per cent on personal unsecured loans; up to a nine-month moratorium on mortgage loans, plus a 50 per cent discount on internal processing fees and up to 7.15 per cent interest on fixed deposit accounts.

Applicants who are approved for a credit card will benefit from a waived annual fee and will also be able to transfer their outstanding balances on previously owned credit cards. They will also enjoy an interest rate of 20 per cent for up to six months.

Saniah Spencer, senior manager, marketing and brand management, explained that the promotion was positioned to stir the current market with its attractive and below-market-rate offers. She noted that Blue Tag was in keeping with Jamaica National's unwavering commitment to cater to the needs of its members based on substantive research.