Personal Bank Loan | Automobile Loan Plan | GBTI Guyana

Personal Loans

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Overview

Our Personal Loans are  designed for salaried employees, professionals and business individuals who wish to borrow for any of the following:

  • Home Improvement
  • Household appliances and electronic devices
  • Education
  • Vacation Travel
  • Medical Expenses
  • Weddings and Engagements

 

Benefits

  • Flexible Repayment Terms
  • Competitive Interest Rates
  • Low Equity Contribution

Requirements

  • Identification card/Passport along with (1) passport size photo.
  • New Drivers Licence and/or TIN Certificate
  • Proof of address (utility bill, rental receipt, etc.)
  • Employment confirmation letter and (3) consecutive months’ pay slips
  • Proof of income if self-employed (Business Registration, Recent Financial Statements for the past two years and cash flow projection for the next 12 months)
  • Statement of outstanding loans/Hire Purchase (if applicable)
  • Quotation

Forms of security acceptable:

  • Mortgage on property
  • Shares in traded company
  • Bill of Sale over vehicle
  • Cash Collateral

Personal Loans

Consumer

Our Consumer Care Loan Plan makes it easy for customers to acquire new appliances and electronics.

This plan covers items including but not limited to:

  • Washing Machines
  • Refrigerators
  • Stoves
  • Televisions

The loan plan ranges from $100,000 to $500,000. The customer is required to contribute 10% of the cost of the item. An interest rate of 12 – 17% per annum will be charged under this scheme with the maximum repayment period of 3 years. Installments will be repayable on a monthly basis and must not exceed 30% of your gross income.

Requirements:

  • Identification card/Passport along with (1) passport size photo.
  • New Drivers Licence and/or TIN Certificate
  • Proof of address (utility bill, rental receipt, etc.)
  • Employment confirmation letter and (3) consecutive months’ pay slips
  • Proof of income if self-employed (Business Registration, Recent Financial Statements for the past two years and cash flow projection for the next 12 months)
  • Statement of outstanding loans/Hire Purchase (if applicable)
  • Quotation

Automobile

GBTI’s Automobile Loan Plan is designed for the salaried employee, professional or business executive, self-employed individuals desirous of acquiring a vehicle for non-commercial use.

The amount of this loan can be as high as 85% of the cost of the vehicle.

An interest rate of 6.99 – 10% per annum applies depending on the vehicle classification/condition and year of manufacture. Installments are repayable on a monthly basis for a period of 4-8 years and must not exceed 30% of your gross income.

Requirements:

  1. Identification card/Passport along with (1) passport size photo.
  2. New Drivers Licence and/or TIN Certificate
  3. Proof of address (utility bill, rental receipt, etc.)
  4. Employment confirmation letter and (3) consecutive months’ pay slips
  5. Proof of income if self-employed (Business Registration, Recent Financial Statements for the past two years and cash flow projection for the next 12 months)
  6. Statement of outstanding loans/Hire Purchase (if applicable)
  7. Quotation/Agreement of Sale and Certificate of Valuation as applicable

A Bill of Sale for the vehicle along with comprehensive motor vehicle insurance are accepted as Collateral.

WOW

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 Social Protection.

Applicants must be registered with the Ministry of Social Protection 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 with a maximum of 24 months repayment term at 6% interest rate.

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

Express

This facility provides customers access to quick cash at the same time, gives them the opportunity to save their own money. These loans are cash secured and are issued within an expeditious manner.

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

Express Loans carry an interest rate of 7 – 7.5% per annum.

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