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/
