With a Citizens Bank Personal Loan, borrowers may finance home repairs, purchase household items, pay for education, vacations, medical expenses and more.
Interest Rates
Competitive rates on a reducing balance
Borrower’s Contribution
Borrowers are expected to contribute to the total amount required for the purpose of the loan
Payment Period
A maximum of five (5) years
Collateral/Security For Loan
- A mortgage on property
- Cash in Bank Account
- Cash guarantee
- Shares certificate
- Vehicle Registration
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, salary and other cash benefits
If self employed, statement of income and expenses or affidavit of income
One passport-size photograph per applicant
Character references (two minimum)
Sources Of References – Citizens Bank (citizensbankgy.com)
TIN Certificate
Quotation(s) for the intended use of the loan
Collateral documentation e.g. transport/title/lease and Certificate of Valuation for property (if being used as security for a loan). Vehicle registration certificates or share certificates are also accepted as collateral.
Evidence of borrower contribution
Statement from other financial institutions, including Hire Purchase Agreements (If applicable) or loan accounts showing balances and monthly installments payable.
View related fees here: www.citizensbankgy.com/about-us/fee-structure/
