NEWSROOM

Monday, November 28, 2005
NCB offers options to put you in the driver's seat

National Commercial Bank’s General Manager of Retail Banking, Courtney Campbell and Kevin Ingram, Retail Product Officer speak with a representative of one of the automobile dealers exhibiting vehicles at the ADA Motor Show.

As the end of the year draws near, many people are thinking of buying a new or pre-owned vehicle. National Commercial Bank Jamaica Limited (NCBJ), is  offering two very exciting products, the NCB Payroll Plus Auto Loan and the NCB Automobile Loan, to help them achieve their goals. 

Courtney Campbell, General Manager, Retail Banking Division shared, "We had a tremendous response to our loan products at the recent ADA Automobile Show at the National Arena, of which we were a major sponsor, and obtained tremendous support and business from the patrons at the event.  It was very reassuring therefore, that because of the presence of other banks at the event, people were able to shop around and many of them came back to us telling us that our product was superior."

Mr. Campbell explained why this segment of the business was so important to NCB, "No one can forget the feeling of empowerment when you finally sat behind the wheel of your first car. Part of NCB's mission, and one we take seriously, is enabling more and more Jamaicans to be able to have that feeling.  Depending on which product suits their needs best, our customers can choose from either the NCB Automobile Loan, or the NCB Payroll Plus Auto Loan".

The NCB Payroll Plus Auto Loan product offers 100% financing for new and used cars up to 5 years old and you can borrow up to 15 times your salary. Applicants can access up to $3.5 million dollars and there is up to 6 years to repay the loan. There is also a reducing balance interest rate on the NCB Payroll Plus Auto Loan which means that interest payments reduce over the life of the loan. Under this loan plan, we also offer up to 90% financing for vehicles 6 to 10 years old, with a maximum loan amount of $2.5 million.

"Many of our customers have told us that the ease of managing this loan is one of the reasons that they are choosing it.  In fact, we have succeeded  in capturing a lot of new customers as they have become aware, through NCB's suite of motor vehicle loans, of how NCB's products and services are designed to cater to their needs", Mr. Campbell indicated.