Getting a mortgage in Guyana
See who lends, what rates they quote by loan size, how much deposit you need and which documents to bring. Figures are as read in November 2026.
4 min read ยท Updated November 2026
Get quotes from at least two lenders before you make an offer, and confirm every figure with them directly. Banks price by loan size, so your rate depends on how much you borrow. The figures below are as read in November 2026. They're yearly rates, and they change.
Who lends what
| Lender | Rate by loan size | Deposit and longest term |
|---|---|---|
| New Building Society (NBS) | 5% on all new loans, up to G$30M. | Loans within 75% of assessed value (from an old page). 30 years for concrete or brick, 15 for greenheart. |
| Guyana Bank for Trade and Industry (GBTI) | To G$4M: 3.5%. G$4-9M: 3.7%. G$9-20M: 4.25%. G$20-40M: 4.75%. G$40-60M: 4.99%. Above: 5.25-6.5%, negotiable. | 5% low-income, 10% otherwise. 25 or 30 years, as its pages conflict. |
| Republic Bank | To G$9M: 3.5%. G$9-20M: 4.25%. G$20-40M: 4.7%. G$40-60M: 5%. Above: on application, with no ceiling since February 2026. | Promotions say up to 100% financing, conditions unknown. Easy Home runs up to 40 years or age 70. |
| Demerara Bank | To G$4M: 3.5%. G$4-9M: 3.7%. G$9-15M: 4.5%. G$15-40M: 5%. Above: 8%. | 10% low-income or young professional, 15% to build or renovate, 20% to buy. Term not on its page. |
| Citizens Bank | To G$10M: 3.5%. G$10-20M: 3.7%. G$20-30M: 4.95% (one source says 4.6% since June, unconfirmed). G$30-50M: 5%. Above: on application. | 10-20%. 35 years in its release, 30 on its product page. |
| Scotiabank | As low as 4%. Bands not published. | 10% down. Term not stated. |
NBS's homepage still shows older figures of 5.70% and G$20M, so ask. We couldn't verify current terms at other lenders, such as Bank of Baroda and Hand-in-Hand Trust.
Deposits range from about 5-10% on low-income loans to 20-25% otherwise. Greenheart, a timber construction, gets 15 years at most from NBS against 30 for concrete or brick, and a shorter term means a higher monthly payment. As an example, G$24M at 4.75% over 25 years is about G$136,800 a month. Try your own numbers on the calculators.
Questions to ask each lender
- Is the rate fixed or variable? NBS can change its rate under the deed, and most others don't say.
- Does the band's rate apply to the whole loan? One guide says so, but we couldn't confirm it.
- What fees apply? Some banks advertise waived fees as promotions.
Low-income loans and interest relief
At commercial banks the low-income ceiling is G$30M, raised from G$20M, and approved insurers get the same limit. NBS was directed to G$30M at 5% maximum in May 2025. We didn't find one official rate for the scheme, or the rule behind it. Banks set their own bands, roughly 3.5-3.7% at the bottom and 4.25-5% near G$30M.
Mortgage interest relief is paid as a refund. Under the Guyana Revenue Authority's conditions, you must be a first-time homeowner living in the home. The loan must come from a licensed lender, be approved on or after 1 January 2020, and never have been above G$30M. Only one joint owner can claim.
A June 2026 announcement said the ceiling was doubled and all the interest is deductible. We couldn't confirm the start date or the regulation, and it may not be a true doubling, since G$30M was already in place. Check with the authority.
What to bring
Lists vary between Citizens, NBS and Demerara Bank, but expect:
- ID, Taxpayer Identification Number (TIN) and proof of address
- A job letter or financial statements
- The title, or the agreement of sale
- A valuation certificate
- An approved plan and estimate, if you're building
- Fire and life insurance, assigned to the lender
Registering the mortgage costs extra, so see closing costs. Living abroad? Read buying from overseas first.
General information, not financial or legal advice. Confirm every figure with the lender, and have a Guyanese attorney read the deed before you sign.