Payment Options
Option1- Cash Payment
Option 2 - Bank Financing
Cash Payments
The company has an easy and convenient payment plan for purchasing your home. Please see below for information regarding our payment schedule:
A deposit being the value of the lot is payable upon signing of the sale agreement,
the 2nd installment (being 1/3 the value of the house) payable upon commencement of block works,
the 3rd installment payable upon completion of structural works and to complete the finishes on the villa and
the 4th installment payable upon delivery of possession.
Bank Financing
Financing is available at the Guyana Bank for Trade & Industry Ltd.
GBTI is offering Residential Mortgage Loans with an interest rate of 11% per annum for credit facilities over GY $10M.
This Bank’s repayment period ranges from 5 – 20 years.
The requirements for obtaining a Residential Mortgage Loan are:
1. Identification Card/ Passport
2. One (1) Passport size photograph
3. Proof of Address
4. Agreement of Sale & Purchase
5. Employment/ Salary Confirmation
6. Proof of Business Income if self employed
7. Proof of 20% contribution
8. Two (2) character references
9. Two(2) photos of property being purchased
10. Bank Statements
For more information on GBTI’s Residential Mortgage Loans visit http://www.gbtibank.com)
Financing is available at Republic Bank (Guyana)
Republic Bank’s Easy Home Loan is the residential mortgage loan that is applicable to our prospective buyers. The Bank has an interest rate of 11% per annum for credit facilities over GY $12M.
This Bank has a repayment period of 30 years.
The requirements for obtaining a Residential Mortgage Loan are:
1. One form of valid identification (Identification Card/ Passport)
2. One (1) Passport size photograph3. Copy of Building Estimate
4. Agreement of Sale & Purchase or Letter of Intent from the Company
5. A job letter from your employer stating salary, allowances and length of service with a recent pay slip. A certified Statement of Income for self-employed persons.
6. Proof of 10% Equity
7. Two (2) character references8. Bank Statements
9. A valuation report (to be obtained from one of Republic Bank’s approved valuators)
For more information on Republic Bank’s Easy Home Loan visit http://www.republicguyana.com
