NBS to Raise Mortgage Limit to $30M – Ali

NBS instructed to increase mortgage lending limit – Pres Ali

…to also cap mortgage interest rates at 5% President Dr Irfaan Ali has announced that as part of its commitment to improved living standards for workers in Guyana, the New Building Society (NBS) will be increasing its lending limit while ensuring that interest rates remain low; making home ownership even easier for the population. The President made this announcement during a labour day brunch at State House on Sunday, where he assured workers t…

NBS to raise mortgage limit to $30M – Ali

President Irfaan Ali yesterday announced that the New Building Society (NBS) will soon be raising its mortgage limit to $30 million with interest rates capped at 5%, in keeping with plans to increase home ownership among citizens. The article NBS to raise mortgage limit to $30M – Ali appeared first on Stabroek News.

NBS maximum mortgage now GY$30 million

Last Updated on Sunday, 18 May 2025, 23:18 by Writer President Irfaan Ali on Sunday announced that New Building Society (NBS) was now authorised to provide loans for housing construction to a maximum of GY$30 million with a maximum interest rate of five percent. “I instructed the Minister of Finance to write to the New ...

Pres. Ali directs Finance Minister to raise NBS loan limit to $30M, caps interest at 5% - INews Guyana

President Dr. Irfaan Ali has announced that as part of his government’s commitment to improving living standards for workers in Guyana, the New Building Society (NBS) will be increasing its lending limit while ensuring that interest rates remain low, this making home ownership even easier for the population. The President made this […] The post Pres. Ali directs Finance Minister to raise NBS loan limit to $30M, caps interest at 5% appeared first…

NBS asked to increase mortgage ceiling to $30 million

President Dr Irfaan Ali announced that the government is engaging the New Building Society (NBS) so that the mortgage ceiling can be increased to $30 million with a low interest rate. The current NBS mortgage ceiling is $20 million. NBS is mandated to provide affordable mortgages to Guyanese and gets support from the government. The written request was made by Finance Minister, Dr Ashni Singh, on Sunday morning. “At 9:45 am, I instructed the Min…