Because we are aware that Business Owners are always in search of the right borrowing solutions to help run, develop and/or grow their business, we have tailored our commercial loan offers to meet a wide variety of Business needs to help you achieve your goals.
Our financing solutions are as unique as your business. We offer customized financing packages for all types of owner-operated businesses.
We provide Commercial Loans to be used for the purchase of equipment, machinery, or inventory etc. with a fixed repayment of principal and interest.
All Commercial Borrowers are required to submit annual financial statements and to maintain insurance cover on the financed item or the collateral (e.g. securing the borrowing)
Commercial Mortgage Details
We provide mortgage financing in amounts ranging from 70% with terms of up to ten years and financing of up to 80% , 70 to 80 % of total cost to purchase or Construct. Our team of experienced Credit Officers offer flexible products and competitive interest rates, with repayment times including but, not limited to 5 – 7 years.
Summary of Eligibility Requirements:
- Business Registration/Certificate of Incorporation
- Audited Financial Statements for the last three (3) years
- Two (2) References
- Estimate(s)/Agreement of Sale
- Approved Plan
- Copy of Transport/Lease/Title
- Two (2) Photographs (front & side views of property)
- Identification (Passport/National I.D. Card)
- Proof of Address
- Proof of Payment of Rates & Taxes
- Assignment of Fire Insurance
At the Trust Corporation, Residential Mortgages are processed with the aim of providing finance for the construction, repair, renovation as well as purchase of a new home.
If you are thinking of owning your own home, then we are willing to make your thoughts a reality with the offer of attractive interest rates and affordable repayment terms. We have the mortgage solution that’s best for you, with terms of up to ten years and financing of up to 80%.
You can also obtain financing if you are seeking to construct your home or switch/refinance your existing mortgage.
Low Cost Financing Facility
Eligibility is based upon the applicant having purchased the land from the Government of Guyana or an approved developer and can only be accessed for building purposes.
Residential Mortgage
Whether you are thinking of building your dream home or repairing your existing home, the Residential Mortgage Home plan can help you get that right mortgage FAST.
Summary of Eligibility Requirements:
- Job Letter
- Estimate(s)/Agreement of Sale
- Approved Plan
- Copy of Transport/Lease/Title
- Two (2) Photographs (front & side views of property)
- Identification (Passport/National I.D. Card)
- Proof of Address
- Proof of Payment of Rates & Taxes
- Income/Salary Assignment
- Assignment of Fire Insurance
Additionally, if you are self-employed we require:
- Business Registration/Certificate of Incorporation
- Audited Financial Statements for the last three (3) years
- Two (2) References
If you need to finance a personal expense, such as medical, education, vacation, household extension or repairs, purchase of computer, car, etc. then we have got some great options for you.
Home Equity Loans
Fund your financing needs, such as a new car, unexpected repairs to your home or home makeover, debt consolidation into one low interest monthly payment and even your child’s tuition; by using the equity built up in your home.
With a term of up to 8 years and predictable payment amounts, using the equity in your home you can benefit from one simple, low-interest and secured borrowing solution, which can be adjusted to meet your future borrowing needs.
Summary of Eligibility Requirements:
- Job Letter
- Savings or Fixed Deposit Account
- Identification (Passport/National I.D. Card)
- Proof of Address
- Income/Salary Assignment
Additionally, if you are self-employed we require:
- Business Registration/Certificate of Incorporation
- Audited Financial Statements for the last three (3) years
- Two (2) References
Let us with our competitive rates get you quickly behind the wheel of your dream car; whether you are looking to acquire a new or used/reconditioned vehicle. With financing of up to 80% of the purchase price for new cars and between 50% to 70% for used or reconditioned cars and repayment terms of up to four years.
Summary of Eligibility Requirements:
- Job Letter
- Quotation/Agreement of Sale
- Identification (Passport/National I.D. Card)
- Income/Salary Assignment
- Assignment of Comprehensive Vehicle Insurance
Additionally, if you are self-employed we require:
- Business Registration/Certificate of Incorporation
- Audited Financial Statements for the last three (3) years
- Two (2) References