Usage
Here are some ways to use the Home Equity Loans:
- Consolidate your Debt
- Buy a Car
- Finance your Child’s Education
- Improve your Home
Collateral
All loans are to be adequately secured by a registered mortgage over the principal residence of the Borrower
Interest Rates
Competitive interest rate of 9.50% computed on a reducing balance.
Repayment
Documents Required
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
Valid National Identification Card or Passport or Driver’s License
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
Proof of address – Recent utility bill (3 months) or postmarked letter or valid Driver’s License
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
Employment letter stating current position, date of employment and salary and other cash benefits
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
If self employed, statement of income or expenses or affidavit of income
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
TIN Certificate
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
Quotations
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
Collateral documentation e.g. transport/title /lease and Certificate of Valuation for property if being used as security for loan
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
Evidence of borrower contribution
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
Statement from other financial institutions, including Hire Purchase Agreements (If applicable) of loan accounts showing balances and monthly installments payable
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
Character references (two minimum)
Sources Of References – Citizens Bank (citizensbankgy.com)
View related fees here: www.citizensbankgy.com/about-us/fee-structure/