Latest News

Dec

RE-OPENING NOTICE

THE DOMINICA AGRICULTURAL INDUSTRIAL AND DEVELOPMENT BANK (AID BANK)...

May

DOMINICA AGRICULTURAL INDUSTRIAL

AND

DEVELOPMENT BANK

EXPRESSION OF...

Mar

NOTICE
Dear Valued Customers,
In light of the Corona Virus Pandemic, the Dominica...

Housing Loan



 

Let's get you home!

Building your own home is a wise investment. Helping to give you the house you need and can afford is at the heart of our role as a development finance institution.

 

Loan limit:  100% financing.
Interest Rate: 

7% on reducing balance for new construction

7% on reducing balance if purchasing land to build immediately

9% discounted (land only)

Repayment Period: up to 30 years
Optional grace period on Principal: 6-12 months

 

Use of funds (includes but not limited to):
  • New home construction;
  • Home renovation;
  • Home purchase;
  • Land purchase

 

To qualify you must:
  • Be a citizen of the Commonwealth of Dominica
  • Be over 18 years of age

 

Benefits:
  • NO hidden charges
  • Optional grace period on Principal
  • 100% financing *
  • Technical Support
  • Subsidised Project Supervision Reports

* Loan amount is based on affordability

 

To apply call 448-2853 for an appointment with a Credit officer or come in to talk with us!