Products & Services
Loans and Advances
Financing with NBA (Private Banking & Trust) Ltd. affords you, our valued customers, the opportunity to achieve your planning goals. NBA (Private Banking & Trust) Ltd. offers many different types of loans to meet your varying financial needs - whether the request is to purchase a car, build a new home, renovate an existing home, or start a business, we will work with you to achieve your financial goal.
Mortgages
Now you can turn your dream of owning your own home into reality. NBA (Private Banking & Trust) Ltd. offers mortgages to customers to purchase or construct a dwelling house. Applications for mortgages must be accompanied by approved plans, contract estimates and other relevant information. Security in the form of cash, or property and land are required in most instances.
Land Purchase Loans
Now you can be one step closer to owning a piece of the rock. NBA (Private Banking & Trust) Ltd. offers loans to finance the purchase of land at very attractive and competitive rates
Personal Overdrafts
Customers may obtain overdraft facilities on personal demand (chequing) accounts. These lines of credit usually have a maximum maturity of two years and may be used to cover anticipated and unanticipated personal expenditures. Security in the form of cash, or property is required.
Commercial Loans
A Commercial Loan is a loan acquired in order to inject capital into an existing business or to start up a new business. The loan may be secured by property, cash or some other arrangement. Commercial Loans at NBA (Private Banking & Trust) Ltd. include but are not limited to:
- Working Capital
- Inventory purchases
- Equipment purchases
- Funding for New products
- Construction of new premises
- Development or asset acquisition
Requirements for Commercial Loans include:
- Project appraisal
- Audited Financial Statement for the past three (3) years
- Projections for the next three (3) years
- Business Plan
- Financial statements for all principals
NBAÕs (Private Banking & Trust) Ltd. terms and rates on commercial loans are flexible and very competitive.
Overdraft facilities to meet working capital and bridging needs are available to desiring and qualifying businesses. The request for such facilities should take the same form as for commercial loans above.
Commercial overdrafts are usually granted for no more than one year and are related to the particular needs of the business. Rates of interest are the same as for commercial loans. If an account with overdraft privilege is permitted to exceed the agreed limit a special fee is applied.
To assist the Bank in its decision, you are advised to bring as much information as possible to the interview with the loans officer. Below is a list of some of the information that is required to assist the loans officer in considering applications.
- Two personal references
- Bankers references
- A police certificate
- A copy of passport or other acceptable national Identification Instrument.
- A site plan and particulars of property
- Building permit (s)
- Approved plan (s)
- A copy of contract between owner & contractor
- A cost estimate (from a qualified quantity surveyor)
- Personal Financial statements (Balance sheet, Income and Expense)
- Annual tax returns (for past three years)
- A credit report
- Statement history of accounts (for the past 6 months)
- Statement history of loans (for the past 6 months)
- A valuation of property which is being provided as security.
- Sale price
- Purchase Agreement