May 16th, 2019 -- St. Kitts-Nevis-Anguilla National Bank Limited launched two new home mortgage Programs called National PRIDE and National GRAD.
The two mortgage Programs target first time home owners borrowing up to $650,000 as follows:
- The Program for the Realization of Individual Dreams Empowerment (PRIDE) Loan seeks to assist Citizens of St. Kitts and Nevis in building a home at relatively affordable cost. Only persons undertaking residential home construction (whether new or ongoing) shall be
eligible for funding under the PRIDE. There is an option to include one apartment.
- The Graduate Realizing and Achieving their Dreams (GRAD) Loan seeks to assist Citizens of St. Kitts and Nevis who are college or university graduates (within the last ten years), by providing a loan financing package to refinance a student loan and acquire or construct a home. There is also an option to purchase a vehicle.
The launch and press conference took place at the St. Kitts Marriott Resort Ballroom on Wednesday, May 1, 2019. Mr. Donald Thompson, CEO Acting, stated “the launch of these two home mortgage Programs speaks volume to National Bank’s contribution to nation building by providing affordable financing opportunities and self-empowerment through home ownership to our customers. The
home mortgage programs will provide a boost to the construction sector and stimulus to the overall economy”.
The National PRIDE and National GRAD programs provide attractive features as individuals can now borrow up to $650,000. The interest rate for the PRIDE is 5% per annum, whilst the GRAD is 6% per annum, guaranteed for the first 10 years. The repayment term is up to 35 years. Debt consolidation is allowed up to 10% of the mortgage amount under both programs.
National Bank continues to lead from the front as a financial institution that provides quality products and services to their customers with the National PRIDE and National GRAD Home Mortgages.
Interested persons are encouraged to contact the National Bank Credit Division for more information as follows: 869-465-2204 ext. 1207 at the head office in Basseterre, ext. 1156 at the Pelican Mall Branch, ext. 4122 at the Sandy Point Branch and 469-5244 ext. 3126 or 3133 in Nevis.
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