ScotiaBank Dominican Republic Mortgages and Loans
We recommend Scotiabank for their great value and quick service!
Scotiabank has various offices all over the country that offer clients from Canada and the USA mortgage loans to purchase property.
They first established branches in the Dominican Republic in the 1920’s and have over 54 branches nationwide.
We have a branch right here in the centre of Las Terrenas on the Samana Peninsula on the North Coast that will look after your property mortgage needs in Las Terrenas.
Scotia Bank
ScotiaBank Dominican Republic Mortgages and Loans Mortgage information
KEY CHARACTERISTICS FOR RESIDENTIAL MORTGAGES (FINISHED PROPERTIES) AND CONSTRUCTION FINANCING
8% Interest Rate for residences (subject to review at the time of disbursement).
Competitive legal expenses. We only charge the legal expenses of the operation, such as Mortgage Registration Tax and Property Transfer Tax. Scotia bank charges no closing fees.
For loans from US$0.00 to US$1,500,000, we finance up to 70% for up to 25 years.
For loans from US$1,500,001 to US$2,500,000, we finance up to 65% for up to 20 years
ScotiaBank Dominican Republic Mortgages and Loans Personalized services
Fast and efficient disbursement.
Financing of one property per customer.
Title deeds must be transferred in the personal name of customer.
KEY CHARACTERISTICS FOR LAND LOTS FINANCING:
9% Interest Rate
50% financing
Maximum amount US$750,000
Maximum term 15 years
ScotiaBank Dominican Republic Mortgages and Loans