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Personal Loans

 
  Personal Loans
 

The GBTI Personal Loan Plan is designed for salaried employees, professionals and business individuals who wish to borrow for any of the following:

  • Home Improvement
  • Household Appliances
  • Education
  • Vacation Travel
  • Medical Expenses
  • Weddings and Engagements

The customer is required to contribute 20% of the cost of the project. An interest rate of 12-14% per annum will be changed under this scheme with the repayment period of 24 months. Monthly installment not to exceed 30% of gross monthly income will be set to ensure affordability.

The requirements for obtaining a Personal Loan are:
  • Employment Confirmation Letter
  • Income/Salary Assessment
  • Must be employed for 3 continuous years; proof of business Income if self employed
  • Proof of address
  • Two (2) references

Forms of security acceptable:

  • Mortgage on property
  • Shares in traded company
  • Bill of Sale over vehicle
  • Insurance Policy with C.S.V
  • Cash
 
  Consumer Loans
 

Our Consumer Care Loan Plan affords the customer a refreshing choice of items including:

  • Washing Machines
  • Refrigerators
  • Stoves
  • Televisions
  • Computers

The amount of this loan will range from a minimum of $100,000 to a maximum of $250,000 and the customer is required to contribute 20% of the cost of the item. An interest rate of 17% per annum will be charged under this scheme with the maximum duration of this loan being 18 months. Instalments will be repayable on a monthly basis and must not exceed 20% of your gross income.

The requirements for obtaining a Consumer Care Loan are:

  • Employment Confirmation letter.
  • Income/Salary Assignment
  • Must be employed for 3 continuous years; proof of Business Income if self employed
  • Proof of Address.
  • Two (2) References.
 
  Automobile Loans
 

GBTI’s Automobile Loan Plan is designed for the salaried employee, professional and business individual to purchase a vehicle for non-commercial use.

The amount of this loan can be as high as 70% of the cost of the vehicle, to a maximum of $3.5M (new/reconditioned) and $1.5M (pre-owned but not exceeding 4 years). This would require that the borrower contribute the equivalent of 30% of the vehicle cost.

An interest rate of 15% per annum will be charged under the scheme with the maximum duration of this loan being 48 months (new/reconditioned) or 36 months (renowned). Installments will be repayable on a monthly basis and must not exceed 30% of your gross income.

The requirements for obtaining an Automobile loan are:
  1. Employment Confirmation Letter
  2. Must be employed for 3 continuous years; proof of business income if self employed
  3. Proof of Address
  4. Two (2) References
  5. Valid Drivers License
  6. The vehicle must carry comprehensive insurance
A Bill of Sale over the vehicle will be taken as Collateral Security.
 
  WOW Loans
 

GBTI caters to single parent women with the Women of Worth Loan Facility. This plan allows single parent women to access financing to start their own businesses. These business ventures include: dress making, poultry rearing, floral arranging, hairdressing, childcare, craft and novelty making and fabric designing. This venture is a collaborative one with the Ministry of Human Services & Social Security.

Applicants must be registered with the Ministry of Human Services and Social Security Single Parent Registry and be issued with an Introductory Letter by the Ministry or its Representative Agency. WOW Loans are available from $100,000 to $250,000 for up to a maximum of 24 months and carry an interest rate of 6%.

The Bank provides successful applicants 100% of the required amount needed for the loan and no equity is required.

 
  Express Loans
 

This facility allows Customers the liberty to access cash to transact business and other tasks and at the same time gives them the opportunity to save their own money. These loans are cash secured and are issued within 15-20 minutes after the customer has applied.

There is no maximum stipulated amount since this is a cash-secured facility.

Express Loans carry an interest rate of 8 % per annum.

Customers can apply for the loan and have it approved within 15-20 minutes.

An application for this loan can be made with any counter staff.

 


High & Young Streets, Kingston, Georgetown, Guyana, South America tel.+592 231 4400-8 . fax. +592 231-4411 . SWIFT: GUTIGYGE
© 2017 Guyana Bank for Trade and Industry Limited