Non-Resident Mortgage product:-

Loan Currency:- USD

Maximum Loan Tenor:- 15 years

Interest Rate:- Currently 4% and is currently tied to the New York Prime Rate

Injection Amount:- 35% for purchases under $2M USD and 50% for purchases over $2M USD

Resident Mortgage product:-

Loan Currency: BDS

Maximum Loan Tenor:- 30 years

Interest Rate:- Varies based on promotions or the client’s risk profile but can range from 3.4% to 6%

Injection Amount:- Typically 5% but subject to certain terms and conditions

Resident Land Product:-

Loan Currency:- BDS

Maximum Loan Tenor:- 15 years

Interest Rate:- Varies based on promotions or the client’s risk profile but currently is 5.75%

Injection Amount:- Typically 20% but subject to certain terms and conditions

Kindly note that these terms and conditions can change based on promotions and on the specific client’s personal details. We recommend you speak to a RBC representative and suggest you reach out to Sherryann Bourne at 1-246- 826-1504 or email her at Sherryann.Bourne@rbcbarbados.com to confirm RBC’s current and up to date terms and conditions