Demerara Bank Lowers Residential Mortgage Interest Rate

Demerara Bank slashes mortgage rate to 5%

…50% discount on attorney fees; elimination of processing fees, same-day approval Days after President Dr Irfaan Ali announced that the New Building Society (NBS) will increase its lending limit while maintaining low interest rates as part of efforts to improve living standards for workers in Guyana, Demerara Bank has now followed suit. The bank has announced a reduction in its residential mortgage interest rate to five per cent for loans of up …

Demerara Bank lowers residential mortgage interest rate

As it seeks to reinforce its focus on national development and improving the lives of everyday Guyanese, Demerara Bank Limited yesterday announced that it has lowered its residential mortgage interest rate to 5% for amounts up to $30 million.  In addition, the bank is offering 50 per cent off attorney fees, with no processing fees, and a waiver of site inspection fees, all in an effort to make home ownership more affordable for Guya-nese familie…

Demerara Bank slashes mortgage rate in major boost for homeownership - Guyana Chronicle

offers five per cent for loans up to $30M IN a significant boost for aspiring homeowners, Demerara Bank Limited has announced a major reduction in its residential mortgage interest rate to just five per cent for loans up to G$30 million, reinforcing the institution’s commitment to national development and easing the financial burden on Guyanese […]