Here are some ways to use the Home Equity Loans:

  1. Consolidate your Debt
  2. Buy a Car
  3. Finance your Child’s Education
  4. Improve your Home


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.


Flexible repayment terms offered. You can repay your loan in full before the due date and there are no penalties. You only pay interest accrued to the day you are making the payment. So paying off early saves you money.

Documents Required

  • Valid National Identification Card or Passport or Driver’s License
  • Proof of address – Recent utility bill (3 months) or postmarked letter or valid Driver’s License
  • Employment letter stating current position, date of employment and salary and other cash benefits
  • If self employed, statement of income or expenses or affidavit of income
  • TIN Certificate
  • Quotations
  • Collateral documentation e.g. transport/title /lease and Certificate of Valuation for property if being used as security for loan
  • Evidence of borrower contribution
  • Statement from other financial institutions, including Hire Purchase Agreements (If applicable) of loan accounts showing balances and monthly installments payable
  • One passport size photograph per applicant
  • Character references (two minimum) Sources Of References – Citizens Bank (