fbpx Loans Solutions | JMMB

 

For the times you
need a little extra

Loans can come in handy

Residential Mortage 

A JMMB Mortgage from JMMB Bank helps to take the hassle out of buying your home or property.

With a JMMB Mortgage, you can enjoy benefits such as:

  • A streamlined, hassle-free process
  • Flexible financing options
  • Lower transaction fees
  • Quicker approval
  • Option to access a loan to cover your closing costs

Benefits

  • Makes homeownership affordable
  • Homeownership builds wealth over time and equity every month
  • First-time acquisition of house is a recognised tax deductible up to TT$18k per annum
  • Rate of Mortgage Market Reference Rate (MMRR) plus JMMB Bank Margin
  • Account information readily accessed via Moneyline Online Banking

Features

  • Down payment of 10% - 25% required (may vary based on campaigns offered- 100% financing (special conditions apply)
  • Down payment for land-only – 15%
  • Ability to switch current mortgage to JMMB Bank
  • Rate – Mortgage Market Reference Rate (MMRR) plus JMMB Bank Margin
  • Additional term loan available (maximum 7 years) to meet valuation report fees, mortgage indemnity insurance, stamp duty and legal costs
  • Lump-sum payments and early repayment permissible after first 5 year

 

Schedule an appointment to learn more

Find out how to get started

 

 

"Today I got my new car. usually i would be happy with the car but i am even more happy with the service I recieved from jmmb. my loan was processed so quickly" - Marsha

Drive Easy Car Solution

JMMBTT Drive Easy car solution offers two key elements:

If you need a car, JMMBTT Drive Easy is your best option. It gives you access to affordable loans and an insurance broker, so you can drive away with a new or used car.

Benefits

  • Insurance Quotation available
  • Assistance with first year’s insurance premium
  • Encouragement to save for the subsequent years' insurance premiums

Features

  • Car Loan
  • Insurance Premium Financing***– with a JMMB DriveEasy Car Solution, you can access an unsecured premium financing loan for a term of ten months once you have met the qualifying requirements.
  • Booster Savings Account
  • Terms up to 7 years*
  • Creditor Life Insurance
  • Access to Group Motor Vehicle Insurance***

***Optional Feature - clients have the option of non-acceptance of this item

 

Schedule an appointment to learn more

Find out how to get started

 

Cash-Secured Loan

Weather any storm with JMMB.

Get up to 100% loan to value of the cash you have saved. 

With a cash-secured loan, you can use your savings as collateral to borrow. The best part is with JMMB you can achieve any life goal. 

 

Benefits

  • Helps you build your credit 
  • Helps you to improve your credit.
  • Helps you to keep your savings intact  

 

Features

  • Cash Collateral - loan to value 100% for Cash held in JMMB account
  • USD Cash held at JMMB Bank-  loan to value 90% for Cash held in JMMB account
  • Cross Currency (USD) Loan against TTD-  loan to value 85% for Cash held in JMMB account
  • Cash Collateral - loan to value 50% for Cash held in UTC 1st Scheme
  • Cash Collateral - loan to value 70% of Net asset Value - Mutual Funds/ Money Market Funds 
  • Cash Collateral - loan to value 60% for Traded Shares
  • Maximum Tenor: 7 years (84 months)***

Schedule an appointment to learn more

Find out how to get started

 

***Conditions Apply 

***Commitment fee - 1% of principal being loaned.  

Unsecured Loan

For when you need it most

At JMMB Express Finance we offer unsecured loans from $2,500 to $40,000.

Get your next loan in two easy steps.  

  1. Complete the online application or via telephone 224-4(JEF) 4533
  2. Get pre-approved

 

Schedule an appointment to learn more

Contact us Today

 

 

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