Demerara Bank brings innovative financing, same day approvals to Building Expo 2024

Demerara Bank Limited is excited to announce its participation in Building Expo 2024. The bank will present a variety of innovative services and interactive features at its booth, located in The One Guyana Tent, second booth upon entering the middle row. Visitors can look forward to engaging customer interviews, a meet and greet with the team, and a final opportunity to enter the bank’s exciting home loan promotion.

Key Highlights at the Demerara Bank Booth: Same-Day Approval On-Site for Home and Car Loans: Demerara Bank is offering a one-stop shop for all home and car financing needs, providing unmatched convenience for expo attendees.

Exclusive Home Loan Promotion: Demerara Bank is offering an exciting promotion where 10 lucky winners will receive amazing prizes, including six months of installments paid by the bank, home furnishings for four winners, and a $100,000 repayment on five credit cards.

Interest Rates: Demerara Bank is offering competitive interest rates on home loans using the Reducing Balance Method, starting as low as 3.5% per annum for loans up to $4M. For loans above $4M and up to $9M, the rate is 3.7% per annum. Loans between $9M and $20M carry a rate of 5.7% per annum. For amounts above $20M and up to $30M, the rate is 6.9% per annum. For loans exceeding $30M, the interest rate is 8% per annum. These rates are designed to make homeownership more affordable and accessible.

Flexible Repayment Terms: Qualified applicants can enjoy repayment terms of up to 30 years, providing a stable and manageable payment plan. Additional benefits include a 50% discount on legal fees and waiver of all processing fees for applications made at the booth, making it even more convenient and cost-effective to secure a new home loan. No Anticipatory Interest: Demerara Bank ensures that customers face no penalties for early repayment, allowing them to pay off their loans ahead of schedule without incurring additional charges.

DBL VISA Credit Cards: Demerara Bank is pleased to highlight its range of credit card services. Attendees at Building Expo 2024 can learn about the benefits of Demerara Bank’s Visa credit cards, which offer competitive interest rates, attractive rewards, and enhanced purchasing power.

Introduction of the EquiLoan: As Demerara Bank introduces new home loan financing options, it remains dedicated to supporting its existing borrowers. The bank is excited to present the EquiLoan, a groundbreaking product designed to help homeowners leverage the equity in their property for long-term financing. This innovative solution is perfect for those looking to transition from short-term interim financing to a stable, long-term option. The EquiLoan offers the flexibility needed for various purposes, including purchasing a new car, renovating a home, furnishing a living space, or financing education expenses.

Additional Services at the Booth: In addition to its loan and credit card services, Demerara Bank will provide a range of other services, including accepting new account requests and handling general banking inquiries. The friendly team will be available to meet and greet attendees, answer questions, and provide personalized assistance.

Join Demerara Bank at the Expo! Demerara Bank Limited is thrilled to be part of Building Expo 2024 and looks forward to connecting with the community, supporting local businesses, and assisting homeowners and car buyers with their financial needs. Everyone is encouraged to stop by the booth, engage with the team, and explore the many opportunities the bank has to offer. “Come Grow With Us.”

(Demerara Bank Limited Press Release)