Kingston, Jamaica — In a decisive move to stabilize households and microbusinesses impacted by Hurricane Melissa, the JN Group has activated a comprehensive relief suite across multiple financial touchpoints, mobilizing both liquidity and community-level aid.
From emergency financing to waived service fees, the response spans the entire JN ecosystem. JN Bank is prioritizing rapid loan disbursements—offering up to 85% property equity financing for repairs and retrofits, with simplified eligibility and capped interest rates under 9%. These funds are deployable not only for structural recovery but also for long-term climate resilience tools like solar systems and hurricane shutters.
Critically, red tape has been stripped back. Income verification, credit checks, and property valuation reports have been shelved for key loan types, allowing members to access readvance and cash-backed facilities within five business days. Loan ceilings stretch up to $15 million, and even customers with prior mortgages can tap into specialized home repair credit.
A micro-recovery track is also in effect: no-collateral microloans of up to $1.5 million, fee waivers on processing, and targeted micro-grants for the hardest-hit vendors and traders across affected zones. According to internal guidance, these relief packages will remain accessible for at least four weeks, with assessments ongoing.
On the digital and retail banking front, JN Bank is absorbing multiple transaction costs. Damaged cards are being replaced at no charge. ATM withdrawal fees are suspended, and over-the-counter charges scrapped in the most impacted parishes. Incoming transfers are being processed free of charge, and customers with fixed deposits can exit early with zero penalty. Across all credit products, penalty interest and late fees have been neutralized for storm-affected clients.
Meanwhile, JN Money has suspended all fees for transfers to Jamaica until November 6. Overseas Jamaicans can route donations through a designated JN Bank account under the ISupportJamaica fund. Additional contribution points, including in-branch donation cans and partnerships with Food for the Poor, are operational in the United Kingdom—collecting supplies ranging from canned food and tarpaulins to personal hygiene products.
JN executives are emphasizing this isn’t charity—it’s the Group’s moral obligation.
“This is not business as usual,” said Horace Hines, general manager at JN Money Services. “We are deploying every lever within our reach to help Jamaicans stand back up. The road to recovery is long, but it begins with immediate, targeted relief. That’s what we’ve activated.”
These emergency actions reflect an institution operating with velocity and purpose. As thousands across the island assess damage and rebuild, the JN Group has reasserted its role—not just as a financial institution, but as a backbone in moments of national distress.
