Company Research Report: JN Bank UK

Company Overview

Name & Mission

• Name: JN Bank UK Ltd

• Mission: To enrich lives and build communities.

Founding Information

• Founded: Nearly 150 years ago as the Westmoreland Building Society in Jamaica.

• Founders: No information is available.

Key People

• No information is available.

Headquarters

• Registered Office: 410 Brixton Road, London, United Kingdom, SW9 7AW

Number of Employees

• No information is available.

Revenue

• No information is available.

Company Recognition

• Known For: JN Bank UK is the trading name of JN Bank UK Ltd and is part of The Jamaica National Group, which has a nearly 150-year history. The company operates with a mutual heritage and ethos.

Products

Unsecured Personal Loans

• Description: JN Bank UK offers unsecured personal loans for homeowners.

• Key Features:

• Borrow amounts between £1,000 to £15,000.

• Terms range from 1 to 5 years.

• Rates start from 9.5% APR.

• Representative APR of 13.9% for a loan amount of £9,500 over 5 years with monthly repayments of £214.23.

• Easy online application.

• Competitive rates with no upfront fees.

• Requirements: homeowner status, over 21 years of age, UK resident for 3+ years, no active or pending CCJs/bankruptcies/IVAs, minimum monthly income of £1,000 after tax, UK mobile phone number, valid email address, UK bank account with direct debit facility.

Savings Accounts

• Products Offered:

• Easy Access Savings Account:

• Description: Can be opened with just £1 and provides access to your money whenever needed.

• Fixed Term Deposit Savings Accounts:

• Description: Offers a higher rate of interest but funds cannot be accessed until the term ends.

• Key Features: Requires a minimum transfer within 14 days of opening (£100 for 1 Year Term, £1,000 for 15 Month, 2, 3, 4, 5 Year Term).

Recent Developments

• Recent Developments: No information is available.

• New Products Launched: No information is available.

• New Features Added to Existing Products: No information is available.

• New Partnerships: No information is available.

Regulatory Information

• Regulation: JN Bank UK Ltd is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 832786).

• Compensation Scheme: Eligible deposits are protected by the Financial Services Compensation Scheme (FSCS).

• Company Registration Number: 11734380 (England and Wales).