A Commercial Mortgage is a mortgage loan secured by a commercial property, such as an office building, industrial warehouse, or apartment complex. The proceeds from a commercial mortgage are typically used to acquire, refinance, or redevelop commercial property.

  • Interest Rate: 9.00% – 14.00% computed on a reducing balance

Application Requirements

  • Valid National Identification Card, Valid Passport or Valid Driver’s License
  • TIN Certificate
  • Business Registration
  • Financial Statements (Previous three years) [If applicable]
  • Job Letter and Pay slips [If applicable].
  • Contractor’s Estimate
  • Valuation of Property (To be done by an approved valuator by the Bank)
  • Approved building plan
  • Rental Agreement
  • Character References (Minimum two) Sources Of References – Citizens Bank (citizensbankgy.com)
  • Evidence of Contribution
  • Bank Statement from Current Bank (Minimum one year)
  • Copy of Transport / Title of property offered as collateral
  • Agreement of Sale and Purchase (if applicable)
  • One passport size photograph per applicant