Demerara Bank Limited has announced an expansion of its Residential Housing Loan framework, raising the lending ceiling from $30,000,000 to $40,000,000, effective February 9, 2026. The bank will maintain a competitive interest rate of 5% per annum, positioning itself as the only commercial bank in Guyana to offer such levels of residential financing at this rate.
Under the revised structure, residential housing loans of up to $40,000,000 will still attract the favorable interest rate, emphasizing Demerara Bank’s commitment to making affordable financing accessible despite rising housing costs.
Revised Tiered Interest Rate Structure (Reducing Balance)
Up to $4,000,000 – 3.5% p.a.
$4,000,001 to $9,000,000 – 3.7% p.a.
$9,000,001 to $15,000,000 – 4.5% p.a.
$15,000,001 to $40,000,000 – 5% p.a.
In recent years, the cost of residential construction has steadily increased due to rising material prices, labor costs, and contractor fees. These factors have made it increasingly difficult for prospective homeowners to finance their homes within traditional lending limits. The updated loan ceiling is designed to better align financing options with today’s construction environment and the practical needs of borrowers.
This adjustment reflects the bank’s continued commitment to empowering Guyanese citizens in achieving one of life’s most significant milestones—homeownership. The bank emphasizes that owning a home symbolizes stability, independence, and long-term security. The enhanced lending framework allows customers to borrow slightly more when necessary without facing higher interest rates, which supports households looking to build, complete, or purchase modern, comfortable homes.
Demerara Bank has long stated that economic growth must translate into meaningful opportunities for citizens. By adjusting its residential housing loan limits, the bank reinforces its role in supporting national development, strengthening communities, and helping families fulfill their aspirations.
Committed to supporting every Guyanese at every stage of life, Demerara Bank continues to stand alongside its customers as they build their futures, true to its name and purpose.
