Citizens Bank Guyana Inc. has announced a reduction in its home mortgage interest rates alongside more flexible repayment terms, in a move aimed at supporting the Housing Initiative for Guyanese Citizens and making homeownership more accessible across the country.
The Bank is offering a tiered interest rate structure designed to accommodate borrowers at every income level, as follows: loans up to $10 million attract a rate of 3.5%; loans up to $20 million at 3.7%; loans up to $30 million at 4.95%; loans up to $50 million at 5.0%; and loans exceeding $50 million are available at competitive rates upon application.
Beyond the reduced rates, Citizens Bank is sweetening the offer with a comprehensive package of additional benefits, including 100% construction financing, repayment terms of up to 35 years for qualified borrowers, 48-hour loan approval, home insurance premium discounts, reduced attorney fees, and zero commitment and processing fees. Existing mortgage holders are also being encouraged to switch to Citizens Bank to take advantage of the savings on offer.
Managing Director Eton Chester said the initiative reflects the Bank’s ongoing commitment to helping Guyanese families take the next step toward owning a home.
“Citizens Bank is here to make that step as accessible and affordable as possible. Whether you are building for the first time or looking to get a better deal on your existing mortgage, we want to be your partner in making homeownership a reality,” Chester said.
Interested applicants can enquire online at citizensbankgy.com or visit their nearest Citizens Bank branch. Terms and conditions apply and all applications are subject to the Bank’s lending criteria.
