GBTI launches second home loan promotion

GBTI CEO James Foster (left), Business Development Manager, Rawattie Mohandeo, Marketing Manager Pernell Cummings and other team members at the dream big housing loan promotion launch.
GBTI CEO James Foster (left), Business Development Manager, Rawattie Mohandeo, Marketing Manager Pernell Cummings and other team members at the dream big housing loan promotion launch.

The Guyana Bank for Trade and Industry (GBTI) yesterday launched its 2nd home loan promotion under the theme ‘Bank On Your Dream’ which will see one lucky customer driving home with a brand new Toyota Raize SUV.

The campaign titled ‘Dream Big- We’ll Take Care Of The Rest’ was launched at the I Love You Guyana Park in Kingston, Georgetown and lasts until September 21st.

GBTI Marketing Manager, Pernell Cummings told Stabroek News that the campaign is for anyone looking for finance to buy, build or complete their new home, and or renovate or improve their existing home.

Business Development Manager, Rawattie Mohandeo, also explained that the campaign aims to provide customers with exceptional value and unprecedented advantages in their pursuit of ownership. The GBTI promotion capitalizes on the importance of affordability, competitive interest rates and low down-payment designed to match the client’s budget for various sizes and preferences of houses. 

“Imagine owning a home for $9M and paying only $40,000 monthly, at an interest rate as low as 3.8%. Isn’t that great news? We understand that buying a home is a significant life decision. It is a step towards building a better future for yourself and your loved ones. That is why our dedicated sales team across our branches is ready to walk you through every step of the way, by providing guidance and support to get you there,” Mohandeo stated.

Giovanni Browne, the winner of last year’s drive-home promotion shared his winning story. He said that at this time last year, he was looking for a home loan and found GBTI; not only did he obtain his new home, but he also won a brand-new Toyota SUV.

The bank’s revised rates are 3.8% for loans up to $9M, 5.50% for loans between $9M and $20M; 6% for persons acquiring the Young Professionals’ homes for $20M to $25M and 6.99% for loans $25M and above. Customers are required to contribute as little as 5% of the project cost and have up to 30 years to repay.