Demerara Bank lowers residential mortgage rate to 5% to ease the financial burden on homeowners

Reinforcing its continued focus to national development and improving the lives of everyday Guyanese, Demerara Bank Limited has announced a reduction in its residential mortgage interest rate to just 5% for amounts up to G$30 million.

This revised offering, which applies exclusively to residential loans, is designed to make homeownership more accessible and affordable. The Bank has also introduced several fee waivers and cost-saving measures to further support customers, including:

•  50% discount on attorney fees

•  No processing fees

•  Waiver of site inspection fees

Together, these incentives aim to reduce the upfront costs of owning a home and create a smoother path toward financial independence and stability for Guyanese families.

The initiative forms part of Demerara Bank’s broader effort to give back to the communities it serves and strengthen the nation’s housing sector.

“We recognise that owning a home is one of the most important milestones in a person’s life,” said Mr. Dowlat Parbhu, Chief Executive Officer of Demerara Bank Limited. “By lowering rates and removing several key costs, we’re not just offering financial products, we’re offering real support to the people of Guyana. This is our way of giving back and standing with our citizens as they build better futures.”

Over the years, Demerara Bank has maintained a strong reputation for its customer-first approach and practical, long-term investments in local development. The Bank’s latest mortgage offering reflects that same ethos; combining affordability with trust and stability.

Interested applicants can begin their application process online through the Bank’s website and benefit from Same Day Approval.

Demerara Bank remains committed to helping Guyanese families move forward; one home at a time.

Come Grow With Us. (Demerara Bank Limited press release)