JN offers waivers and discounts to customers for Hurricane Melissa recovery

The JN Group says it has moved is to provide discounts, moratoria and waivers to customers to aid in the recovery of those worst affected by Hurricane Melissa.

Its member companies, JN Bank and JN Money Services, are offering relief on loans and remittance services.

The bank is offering special terms on readvance and cash-secured loans for home repairs, upgrades, or essential purchases with disbursement within five business days.

JN Bank mortgagors who have sustained damage to their property also, for the next 90 days, may also access a special home repair equity loan.

A special construction loan offer is also available for the next year to customers whose homes have been severely damaged, with up to 95 per cent financing for purchases or construction.

Recovery initiatives are also available to JN Bank’s micro loan customers.

In addition, special micro-grants will be made available to some micro-businesses in affected communities.

Additionally, JN Bank is temporarily waiving ATM withdrawal fees and will replace damaged debit or credit cards at no cost.

In the most significantly affected parishes, over-the-counter deposit and withdrawal fees have also been waived, incoming local bank transfers are also temporarily free, and no penalty fees will apply for the early closure of fixed deposit accounts.

Late payment and penalty fees have also been waived on loans and credit cards for customers who have suffered severe loss.

Meanwhile, JN Money has waived fees on money transfers to Jamaica until November 6.

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