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with JMMB

Get up to 100% loan to value of the cash

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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. 

Features and Conditions:

  • 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 90% for Cash held in UTC 2nd Scheme
  • Cash Collateral - loan to value 75% for cash held at other Financial Institutions
  • Cash Collateral - loan to value 90% for Repos at JMMBITT (underlying securities GOTT)
  • 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)***

Benefits of Cash-Secured Loan:

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

 Get Pre-Approval within 24-48 hours

 

***Conditions Apply 

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

 

Here's what you will need...

After you have been Pre-Approved...

1. Two forms of valid picture National Identification* (Valid Driver's Permit, Passport or National Identification Card)

2. Job Letter – At least 6 months old

3. Payslip – Most Recent

4. Proof of Address – Bank Statement, Credit Card Statement, Utility Bill, Rental Agreement etc

Contact us today                     

 

Collateral Type 

These are the type of collateral that can be used

  • Cash (TTD/ USD) held at JMMB Bank 
  • Repos at JMMB Investments 
  • Cash Surrender Value on Insurance Policy 
  • Unit Trust 
  • Marketable Securities (Mutual Funds/ Money Market Funds
  • Bonds at JMMB Investments 
  • Shares 

Contact Us Today     

 

Call us 800-5662 or Visit any of our four locations 

  • DSM Plaza, Old Southern Main Road, Chaguanas
  • 77 Independence Square, Port of Spain 
  • SouthPark, Tarouba Link Road, San Fernando
  • 30-32 Eastern Main Road, Tunapuna

"I would recommend anyone to join this bank. Their service is great, pleasant professional and they go the extra mile. Great service great bank. Keep up the good work.." - Gabriella

Our Promise

  •  To provide consumer financing that surpasses current market offerings in terms of speed of response, competitive pricing and financial inclusion.
  • To create an easy, enjoyable and empowering experience for all clients underserved by the traditional financial market.
  • We will ultimately help you, our valued client, to meet your needs and improve the quality of your lives.

 

 

 

 

"We believe in the greatness within all and our vision is to facilitate financial inclusion where financial empowerment is experienced by all and not just a subset of society. "                                                                                                               

Joan Isabelle Duncan   

Talk with our financial advisors 

Let’s set goals to get you that house

Let us help you

Looking to build your wealth?

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