Land Loans

Personal Banking

Low down payment of 5%
Low Interest rate of 7%
Flexible repayment terms: weekly, semi-monthly and monthly
Maximum Term of 30 years
Up to 100% financing, with savings account
Interest rate on savings account up to 3.25% p.a.*
Payment for purchase can be made by Eastern Caribbean Amalgamated Bank (ECAB) Draft payable to the individual seller or company
Land loans are available for individuals, joint-parties, sole-proprietors, partnerships and other legal business entities.

Sales Invoice from seller
Valuation from a bank approved valuator
Job letter in confirmation of salary and terms of employment
Credit Reference
Demand Charge over property for the full loan amount
Disclosure of personal assets, expenses and evidence of other income sources if applicable
Bank reference