FirstCaribbean International Bank officially launched its 100 per cent Land Loans campaign Friday at the Marriott Beach Resort.
The launch was attended by some of Grand Cayman’s most prominent real estate brokers and property developers, as well as property lawyers, said a company press release.
The launch comprised a presentation outlining the campaign, during which speaker Antonette Baptist, Consumer Finance Specialist at FirstCaribbean, introduced its elements to the audience.
After the presentation, the audience had the opportunity to ask questions of Ms Baptist and a panel of FirstCaribbean finance specialists including Lynne Whittaker, Debbie Jackson and Deborah Kerr-White.
From now until 21 June, FirstCaribbean is offering 100 per cent financing for purchasing land to qualified customers, thus making it easier for people to acquire land, the release said.
The campaign targets, amongst others, young professionals and couples who are taking their first steps towards home ownership.
Ms Baptist said: ‘We are offering more customers access to the means to purchase property. People who are good loan candidates, but who may not have a deposit ready, are now able to get 100 per cent loans.’
As a bonus, successful applicants are given pre-approved credit cards with land purchases over US$15,000.
Once customers submit their application for a 100 per cent land loan, the approval process should take no more than three to four working days, the release said.
‘FirstCaribbean is 100 per cent committed to helping people realize their dream of owning land, and eventually homes,’ Ms Baptist said.
‘We urge people to take advantage of this opportunity. There are people out there who may think they are not ready or able to afford to purchase property. Our 100 per cent Land Loan makes it possible for a whole new group of people to be in the property market now.’
WHO THEY ARE
FirstCaribbean is a major Caribbean bank offering a full range of market-leading financial services in Corporate, Retail, International Wealth Management and Capital Markets banking. It is the largest, regionally-listed bank in the English-speaking Caribbean, with assets of over US$10 billion and market capitalization of US$3.3 billion. The Bank has over 3,500 staff; 100 branches and banking centres, and offices in 17 territories, serving 800,000 active accounts.
FirstCaribbean has maintained an ‘A- Stable’ rating by Standard & Poor’s from inception, the highest rating of any commercial bank in the Caribbean Community. It was formed in 2002 with the merger of CIBC West Indies Holdings and Barclays Bank PLC Caribbean operations.