Thank you for your interest in our loans, the requirements include: 1. Employment Verification Letter (https://www.belizebank.com/wp-content/uploads/2023/04/Official-Employment-Verification-Letter.pdf)or Proof of Income if you are self-employed. If you do not currently have any accounts with us, please also bring along the following documents: 2. Valid ID (Social Security or Passport) 3. Proof of occupancy in the form of either a utility bill in your name (within the past 3 months) or a valid driver’s license with your current address

We provide competitive loan interest rates ranging from 11% to 14%. The interest is applied using the reducing balance method where interest is charged on outstanding principal amount.

The maximum repayment period for all loans, advances and extensions of consumer loans shall be up to and not exceeding 60 months.

There is a $300 loan fee for approved consumer loans up to $30,000. Approved consumer loans in excess of $30,000 carry a fee of 1% of the loan amount.

Yes, a non-customer of the Belize Bank Limited can apply for a loan. Kindly note the below requirments: 1. Employment Verification Letter 2. Valid ID (Social Security or Passport) 3. Proof of occupancy in the form of either a utility bill in your name (within the past 3 months) or a valid driver’s license with your current address

Kindly note the following requirements: 1. Business Registration Certificate 2. Business financials or at least one year transaction statistics showing proof of income (can be from another financial institution account or an existing Belize Bank Limited account) 3. Valid ID (Social Security or Passport) 4. Proof of occupancy in the form of a utility bill (within the past 3 months) 5. Collateral may be required.

The salary assignment will be implemented at the discretion of the lender and based on the type of facility being offered.

Fully amortizing payments, which make equal payments throughout the course of the loan’s life, are the most typical type of loan repayment.

The typical turnaround time ranges from 1 to 7 business days. Approvals can also take only a few hours when all the required documents are presented and verified.

Please feel free to visit any of the nearby Belize Bank Limited locations to apply for a loan as we strive to offer you the best convenience. You also have the option of submitting your loan applications online.

No, our Belize Bank Online Loan Application is EASY, FAST and CONVENIENT! You can easily apply for a loan from ANYWHERE at ANYTIME without having to visit a branch in person. This saves you time and effort.

After the lender notifies you that you’ve been approved, you’ll need to finalize the loan documents and accept the terms. You’ll typically get the loan funds within 24 hours to your bank account.

Most lenders prefer to see that you’ve worked in the same field or at least for 12 months at your present employment.

Your current loan will need to decrease by at least 30% before we grant you another loan.

Yes, loans are granted if the eligibilty requirements are met. We can also offer you to consolidate your loans.

While it’s not necessary to obtain insurance for your loan, having a debt cancellation scheme ensures that your debt gets paid in the event of your death. Your family will not need to worry about repaying it.

The debt cancellation scheme can cover your personal loan(s) covered under this scheme in the event of death.

The debt cancellation fee is calculated using the loan term, your age, and the approved loan amount. Rates, which range from $84.00 to $132.00 per year, are provided by the lender when you apply for a loan.

A co-signer is someone who consents to assume legal responsibility for a borrower’s debt in the event that the borrower defaults on his/her required payments. Co-signers and guarantors both promise to pay off a borrower’s debt if the borrower is unable to make payments. Your co-signer or guarantor will need to come in for an interview with us as well.

You may need to get a co-signer for a personal loan if you do not meet all the requirements for a loan. Your loan officer will inform you if it will be necessary to obtain a co-signer.

You may need to get a co-signer for a personal loan if you do not meet all the requirements for a loan. Your loan officer will inform you if it will be necessary to obtain a co-signer.

Yes, a loan that does not require collateral is known as an unsecured loan. Lenders approve unsecured loans based on a borrower’s credit worthiness rather than their assets as collateral.

Customers can reapply as soon as they are able to meet the requirements for the loan. Be sure to find out from your loans officer if there is a specified waiting period for you, such as 30, 60, or 90 days.

Two charges are likely to appear after a missed payment: a late fee and interest on arrears.