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

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

Character references (two minimum)
Sources Of References – Citizens Bank (citizensbankgy.com)
View related fees here: www.citizensbankgy.com/about-us/fee-structure/