Product Overview

This loan facility is extended for the purchase of property to be utilised as a primary place of business or as an additional income stream. This includes office spaces, residential rental properties with over 3 units purchased with proceeds from a business, small resort properties, etc.

Product Details

Target Groups

• Age range: 25 – 55 years
• Gender: No restriction to gender
• Characteristics:
  • Individual or couples,
  • Professionals, Entrepreneur or employed individuals
  • Professional seeking new opportunities for business income through investment in real estate
• Income level: None defined

Features

• Up to 60 % financing on the market value of the property
• 9% – 14% per annum on Jamaican Dollar Mortgages
• Also available in Foreign Currency Mortgages (USD/CAD/POUNDS)
• Loan terms up to 15 years*
• Processing fee is applied to these loans

Selling Points

• Affordable financing for professionals wishing to invest in growing their business
• Facility helps to enhance the income to small business owners
• No restriction for multiple homeowners
• Fast turnaround on loan approvals
• In house registration makes the process faster and less expensive