Housing Loan
Let's get you home!
Building your own home is a wise investment. Helping to give you the house you need and can afford is at the heart of our role as a development finance institution.
| Loan limit: | 100% financing. |
| Interest Rate: |
7% on reducing balance for new construction 7% on reducing balance if purchasing land to build immediately 9% discounted (land only) |
| Repayment Period: | up to 30 years |
| Optional grace period on Principal: | 6-12 months |
Use of funds (includes but not limited to):
- New home construction;
- Home renovation;
- Home purchase;
- Land purchase
To qualify you must:
- Be a citizen of the Commonwealth of Dominica
- Be over 18 years of age
Benefits:
- NO hidden charges
- Optional grace period on Principal
- 100% financing *
- Technical Support
- Subsidised Project Supervision Reports
* Loan amount is based on affordability
To apply call 448-2853 for an appointment with a Credit officer or come in to talk with us!