Mortgage Loan Financing
Republic Bank (Barbados) is offering to qualified purchasers:
- Proposed facilities: Mortgage Loan Up to 100% of cost of condominium plus Legal Fees and Furniture Package
- Interest Rate: 4.5%
- Repayment Terms: Monthly interest payments during construction, thereafter monthly blended principal and interest instalments for the life of the mortgage. Tenure of the mortgage will be determined on a case by case basis and depends on the age of the customer.
- Security Mortgage over the condominium unit.
- Facility fee: N/A
- Furniture Package: This item can be considered by the Bank at the end of the project provided the overall total debt service ratio is acceptable to the Bank.