Demerara Bank raises residential housing loan ceiling to G$40M at 5% interest rate 

See full statement from Demerara Bank Limited:

Demerara Bank Limited has announced an expansion of its Residential Housing Loan framework, increasing the lending ceiling from $30,000,000 to $40,000,000 while maintaining a competitive interest rate of 5% per annum, effective 9 February 2026.

Under the revised structure, residential housing loans of up to $40,000,000 will attract an interest rate of 5% per annum, making Demerara Bank the only commercial bank in Guyana currently offering this level of residential financing at this rate. The Bank believes that access to affordable financing should not become more restrictive simply because housing costs have evolved.

Revised Tiered Interest Rate Structure (Reducing Balance)

Up to $4,000,000 – 3.5% p.a.

$4,000,001 to $9,000,000 – 3.7% p.a.

$9,000,001 to $15,000,000 – 4.5% p.a.

$15,000,001 to $40,000,000 – 5% p.a.

In recent years, the cost of residential construction has increased steadily, driven by rising material prices, labour costs, and contractor fees. These realities have made it increasingly difficult for many prospective homeowners to complete or comfortably finance their homes within traditional lending limits. Demerara Bank’s revised loan ceiling is designed to better align financing options with today’s construction environment and the practical needs of borrowers.

The adjustment reflects the Bank’s continued commitment to empowering Guyanese citizens and supporting one of life’s most meaningful milestones of owning a home. The Bank promotes that Homeownership remains a significant achievement for individuals and families, symbolising stability, independence, and long-term security. The enhanced lending framework ensures that customers are able to borrow slightly more where necessary without being penalised by higher interest rates. This approach supports households seeking to build, complete, or purchase homes that meet modern standards of comfortable living.

Demerara Bank has long maintained that economic growth must translate into meaningful opportunities for citizens. By adjusting its residential housing loan limits, the Bank continues to play an active role in supporting national development, strengthening communities, and helping families achieve their aspirations.

Demerara Bank Limited remains deeply committed to supporting every Guyanese at every stage of life. True to its name and purpose, the Bank continues to stand with its customers as they build their futures.