ResidentialMortgage

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. The following Residential Mortgage facilities are available:

PRO-LINE LOAN PLAN
Pro-Line is a mortgage facility that caters to professional individuals who have acquired land from the Government of Guyana or an approved developer and are desirous of building their own residential property. The Pro-Line package includes a mortgage with a ceiling of G$8,000,000 for the construction of a new building; an advance of a maximum of G$1,500,000 for the purchase of a motor car (not older than 8 years); and an advance of G$500,000.00 for the acquisition of home furnishings.
First Mortgage                                  –     6.25% Interest Rate.
Second Mortgage & Bill of Sale    –    12% Interest Rate.

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.

Ceiling                      –    G$3,000,000.00
Rate of Interest        –    4.95% per annum

ENHANCED FINACING 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.

Ceiling                     –    G$8,000,000.00
Rate of Interest        –    6.95% per annum

HOMEOWNERS EASY LOAN PLAN (H.E.L.P.)

Whether you are thinking of building your dream home or repairing your existing home, the Homeowners Easy Loan Plan can help you get that right mortgage FAST.

ceiling                     –    G$12,000,000.00
Rate of Interest        –    9% – 10%

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 Comprehensive 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

Rates are subject to change without notice.