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Financing At Scotiabank


 

 

The Summerhouse you’ve always wanted in the Dominican Republic is only one step away

 

If you’ve always dreamed of falling asleep to the soothing sound of ocean waves, waking up to the view of magnificent sunrises, and enjoy the pleasures of living in the Caribbean, your dream is closer than you think. Our Scotiabank Mortgage Loan in US Dollars offers you the ease of acquiring a summerhouse in the Dominican Republic with excellent conditions.

The first step to apply for a loan is to fill out the attached application form and take it to our nearest branch. If you have any questions you may call to the Customer Service Center 809-567-7268 or 1-809-200-7268 toll free.

 

For Amounts from

Maximum amount to finance

U$ 500.000- U$ 1.500.000 (30 Years)

75 %

U$ 1.500.001-U$ 2.500.000 (25 years)

65 %

 

 

 

 

 


 

Requirements to apply for our Mortgage Loans in U$ Dollars:

 

Applicant

  • Copy of passport and personal identity card
  • Last three income tax statements

·        Personal Credit bureau report

·        Credit bureau report from your company (if applies)

·        Bank references letter

·        Insurance assignment

·        Photocopy of last six bank account statements

·        Appraisal of the property

·        Evidence of assets in country of residence (real estate, vehicles, investments, etc.)

 

Our Mortgage loan in dollars offers you:

 

  • Up to 75 % financing
  • Up to 30 year term
  • Competitive legal expenses with no closing expenses
  • No medical exams required for life insurance*

 

 

* Some Restriction apply

 

 

 

 

 

To Finance a Property at Banco Popular Dominicano

 

Foreigners

 

  • Application form and letter where the client specifies amount, time, etc.
  • A copy of the passport
  • A Certificate of income or a job letter
  • Income tax from the last two years
  • Reference letter from your banks
  • Copy of your last 6 months account’s statements
  • Patrimonial statements signed by a certified public accountant
  • Credit Report
  • A letter where the client authorizes Banco Popular Dominicano to confirm the references
  • Medical Examination (Optional)

 

 

Dominicans

 

  • Letter soliciting loan specifying amount and period or application duly completed
  • Copy of the cedula
  • A Certificate of income or a job letter
  • Copy of account state in other banks from the previous 6 months (if it’s not a client)
  • Patrimonial statements up to date.

 

 

 

Warranty documents

 

  • Copy of  property’s title
  • Professional evaluation made for a certified person
  • Insurance policy of the property to ensure and the solicitor’s
  • Property’s location letter
  • Certification of the tax payment

 

 

 

 

 

 

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