CAYMAN ISLANDS PUT HOME OWNERSHIP WITHIN REACH

Cayman Islands Development Bank Headquarters

July 25, 2022 | By Colin O. Jarrett |

The Cayman Islands Development Bank (CIDB), has 15 million CI dollars to lend Caymanian mortgage seekers.

The Bank is also offering qualifying borrowers interest rates as low as 3.75% for two years, which is significantly below the current prime rate.

The funds are available to buy or build a home and for mortgage refinancing. The CIDB can lend each borrower up to 600,000 CI$ for up to a 30-year term.

This offer was announced in the last meeting of Parliament and recently launched with an advertising campaign that has gained significant interest among prospective borrowers.