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Demerara Bank launches home ownership loan promotion

Aug 06, 2023 News

Kaieteur News – Demerara Bank Limited has announced the launch of its highly anticipated “A Loan that Brings You Home Promotion.” This exciting initiative, which commenced on August 2, 2023, comes at a time of rapid growth in the housing sector, presenting a golden opportunity for the Guyanese public to achieve the dreams of homeownership.

In the backdrop of a dynamic housing market, the Bank said that its promotion caters to an array of customers, including those keen on purchasing young professional housing units, low-income housing units, home renovation projects, construction endeavors, and property acquisitions.

Furthermore, for those seeking to elevate their living spaces, the Bank is offering increased amounts on existing loans, facilitating the completion of essential auxiliary works such as fences, landscaping and other improvements.

Exclusive Terms for Promotion Participants

This promotion, running from August 2nd to August 27th, 2023, opens a unique window of opportunity for aspiring homeowners. Customers submitting and obtaining loan approvals during this period will enjoy an exceptional array of benefits, including:

  • Waiver of Processing Fees
  • 50% Waiver on Attorney
  • Waiver of Site Inspection Fees
  • Competitive Equity Contribution
  • No Anticipatory Interest on Principal Payments
  • Competitive Annual Interest Rates: 3.5% up to $4M, 3.75% up to $9M. $5.7M up to $20M and Above $20M customers can benefit from a rate as low as 6.9%, calculated on reducing balance.

Unveiling the Grand Drawing

As the promotion culminates on August 27th, 2023, a crescendo awaits with the Grand Drawing, set to take place on the final night of the International Building Expo. One fortunate customer stands the chance to see their interest rate slashed by an impressive 50%. This exceptional gesture showcases the Bank’s commitment to crafting solutions that nurture your aspirations in exceptional ways.

“At Demerara Bank, we recognize that every individual’s journey to homeownership is unique. With our ‘A Loan that Brings You Home Promotion,’ we aim to provide not just financial support but also a tailored experience that addresses your distinct needs,” affirmed Mr Dowlat Parbhu, General Manager of the Bank.

“We invite everyone to grasp this pivotal moment and take a resolute step towards realizing their homeownership and property ambitions.”

For further details, visit www.demerarabank.com or reach out to the Credit Department on 225-0610-8.

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