Services
Cayman Islands Development Bank is a leading provider of a range of loans, sound financial counselling and the right financial and technical assistance. We help you realize your dreams, whether you want to pursue further education, expand a business, or purchase a home.
The Cayman Islands Development Bank (CIDB) provides mortgage loans under its "HOME" (Home Ownership Made Easy) programme to Caymanians and Caymanian-Status holders.
General information on our land loans:
Loans provided to finance the acquisition of undeveloped land in subdivisions or other areas approved by government.
- Financing up to 90% of the value based on the lower of purchase price or appraised value;
- Maximum term is normally 15 years;
- Set up fee 1% standard, negotiated relative to market conditions;
- Maximum debt service ratios: TDSR 45%;
- A 1st Charge on the purchased land for the value of the loan will be taken as security.
