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Current Bank Rates
Rates as of April 2026. Contact banks for the latest rates.
| Bank | Loan Tier | Rate |
|---|---|---|
| NBS | Up to $4M | 3.50% |
| $4M - $9M | 3.75% | |
| $9M - $20M | 5.70% | |
| $20M - $30M | 5.00% | |
| Demerara Bank | Up to $4M | 3.50% |
| $4M - $9M | 3.70% | |
| $9M - $15M | 4.50% | |
| $15M - $40M | 5.00% | |
| $40M+ | 8.00% | |
| GBTI New rates eff. May 1, 2026 | Up to $4M | 3.50% (3.00% with GBTI Advantage) |
| $4M - $9M | 3.70% | |
| $9M - $20M | 4.25% (3.75% with GBTI Advantage) | |
| $20M - $40M | 4.75% (4.25% with GBTI Advantage) | |
| $40M - $60M | 4.99% (4.49% with GBTI Advantage) | |
| Above $60M | 5.25% – 6.50% (negotiable) | |
| Republic Bank | Up to $9M | 3.50% |
| $9M - $20M | 4.25% | |
| $20M+ (no limit on residential mortgages) | 5.00% | |
| Citizens Bank | Up to $10M | 3.50% |
| $10M - $20M | 3.70% | |
| $20M - $30M | 4.95% | |
| $30M - $50M | 5.00% | |
| $50M+ | Competitive rates upon application | |
| Bank of Baroda | Up to $2M (Low Income) | 6.80% |
| Up to $200M (General) | 6.00% - 8.00% |
Tip
NBS, Demerara Bank, Republic Bank, GBTI, and Citizens Bank all offer 3.50% on the smallest tier. NBS uses a tiered structure: 3.50% up to $4M, 3.75% up to $9M, 5.70% up to $20M, and 5.00% for $20-30M. Demerara offers 3.50% up to $4M, rising to 5% up to $40M (8% above). Republic Bank offers 3.50% up to $9M and 5% above $20M with no lending ceiling. GBTI's new rate structure (effective May 1, 2026) is now the most granular: 3.50% up to $4M, 3.70% $4-9M, 4.25% $9-20M, 4.75% $20-40M, 4.99% $40-60M, and 5.25-6.5% (negotiable) above $60M. GBTI Advantage customers (multi-product holders) save up to 50 bps. Citizens Bank offers 3.50% up to $10M, rising to 5% for $30-50M, with 35-year terms. Bank of Baroda offers 6-8% with loans up to $200M. Rates verified from official bank websites, May 9 2026.
Bank-by-Bank Comparison
Amortization Schedule (Yearly Summary)
| Year | Payment | Principal | Interest | Balance |
|---|
Data Sources & Last Verified
| Last Updated | 2026-05-09 (GBTI new rate structure pass; FB-first audit of all 6 banks) |
| Tier A regulator framing | Bank of Guyana (banking supervision + mortgage circulars). Budget 2026 §4.155 (Mortgage Interest Relief cap doubled) + §6.12 (low-income mortgage ceiling raised from $20M to $30M, banks + insurers). See Budget Speech 2026 PDF. |
| Lender rates (per §10.1 hybrid rule) | NBS (statutory body — Tier A): nbsguyana.com. Commercial banks (rate-stamped): Demerara Bank, GBTI (new rate structure flyer posted to GBTI Facebook May 8 2026 — effective May 1 2026), Republic Bank, Citizens Bank, Bank of Baroda — all rates published by each bank, last verified 2026-05-09 (verify before applying). News Room Guyana / Guyana Chronicle / INews used as recency cross-reference only — never primary for figures. |
| Changes This Update | • 2026-05-09 — GBTI new mortgage rate structure (effective May 1, 2026): 3.50% up to $4M, 3.70% $4-9M, 4.25% $9-20M, 4.75% $20-40M, 4.99% $40-60M, 5.25-6.5% negotiable above $60M. GBTI Advantage customers save up to 50 bps. Source: official GBTI rate-flyer FB post, May 8 2026. • Republic Bank Feb 2026 ($60M @ 5%, no ceiling) — still current • Demerara Bank Feb 9 2026 ($40M ceiling @ 5%) — still current • Citizens Bank Apr 9 2026 (3.50%-5.00% tiers, 35-year terms, 100% construction financing) — still current • NBS & Bank of Baroda — no changes since last verification |
| Next Review | Rates verified quarterly or after budget announcements |
Guyana Mortgage FAQ
The most common questions Guyanese ask about mortgages — answered with verified April 2026 data from all six banks.
What is the lowest mortgage rate in Guyana right now?
The lowest published rate is 3.00% — GBTI's new GBTI Advantage rate (effective May 1, 2026) for existing customers with multiple GBTI products on loans up to $4M. The lowest standard starting rate (no relationship discount required) is 3.50%, offered by NBS, Demerara Bank, Republic Bank, GBTI, and Citizens Bank on their lowest loan tier. Citizens Bank has the highest loan cap at 3.50% standard (up to $10M GYD).
Which bank has the lowest mortgage rate in Guyana?
Citizens Bank announced on April 9, 2026 that it had slashed its rates to the lowest in Guyana, offering 3.50% up to $10M, 3.70% up to $20M, 4.95% up to $30M, and 5.00% up to $50M. NBS, Demerara Bank, and Republic Bank also offer 3.50% starting rates. Republic Bank additionally offers $60M residential mortgages at a flat 5.00% with no lending ceiling (Feb 2026).
What is the maximum mortgage term available in Guyana?
Citizens Bank extended its maximum mortgage term to 35 years in April 2026 — the longest in Guyana. NBS, Demerara Bank, and GBTI typically cap residential mortgage terms at 25 to 30 years. The longer term lowers your monthly payment but increases total interest paid.
Can I get a 100% mortgage in Guyana?
Yes — Citizens Bank offers 100% construction financing as of April 2026, meaning no down payment is required for construction loans. Other Guyana banks typically require 10% to 20% deposit on resale property purchases.
How much deposit do I need for a mortgage in Guyana?
Most Guyana banks require a 10%-20% deposit on resale residential property. Citizens Bank offers 100% construction financing for new builds. The $100,000 National Cash Grant can be applied toward your deposit, closing costs, or first installment, and the Mortgage Interest Relief programme lets first-time buyers deduct interest on the first $30M of their mortgage.
How long does mortgage approval take in Guyana?
Citizens Bank advertises 48-hour mortgage approval for eligible applicants (April 2026 announcement). Other Guyana banks typically take 2 to 4 weeks, depending on property valuation, title search, and documentation completeness.
What is the maximum mortgage amount in Guyana?
Bank of Baroda offers general-purpose housing loans up to $200M GYD. Republic Bank removed its residential lending ceiling in February 2026 — there is now no maximum loan amount for residential properties, with rates of 5.00% above the $20M tier. NBS caps at $30M, Demerara at $40M+, Citizens up to $50M plus competitive above.
What documents do I need to apply for a mortgage in Guyana?
You will typically need: valid national ID or passport, NIS card, TIN certificate, 3-6 months of bank statements, employment letter or proof of income, property valuation report from a registered valuer, approved house plan (for construction), transport/title deeds, and agreement of sale (for purchases). Requirements vary slightly by bank.
Can I use the $100,000 National Cash Grant toward a mortgage?
Yes. The $100,000 Cash Grant is deposited directly into your bank account with no restrictions on use. You can apply it toward a mortgage down payment, closing costs, legal fees, or your first installment. As of April 2026, over 150,000 Guyanese have received or are scheduled to receive it. See our Cash Grant Guide.
Is mortgage interest tax-deductible in Guyana?
Yes. Under Guyana's Mortgage Interest Relief programme, first-time homeowners can deduct mortgage interest paid on the first $30M of their mortgage from their income tax. Budget 2026 raised the ceiling from $20M to $30M. Apply via GRA on your annual income tax return. See our Mortgage Interest Relief Guide.
Are Guyana mortgage rates fixed or variable?
Most Guyana bank mortgages are variable rate — they track the bank's prime or base rate, so your payment can change if rates move. Republic Bank's $60M at 5.00% product (Feb 2026) is a flat-rate offer. Always confirm with your lender whether your rate is fixed, variable, or locked for a specific period.
Can I pay off my Guyana mortgage early?
Yes, all Guyana banks allow mortgage prepayment. Some lenders may apply an early repayment penalty on fixed-rate loans — confirm with your specific bank before making lump-sum payments. Partial prepayments reduce principal and total interest, and most banks recalculate the amortization schedule automatically.
Is there a low-income mortgage programme in Guyana?
Yes. Bank of Baroda offers low-income housing loans up to $2M GYD at 6.80%. Budget 2026 allocated $150B to the housing sector and raised the low-income mortgage ceiling from $20M to $30M. The Central Housing and Planning Authority (CH&PA) also partners with banks on entry-level house-lot and home-construction programmes.
NBS vs a commercial bank mortgage — what's the difference?
NBS (New Building Society) is a member-owned building society specializing in residential mortgages — more flexibility on first-time-buyer criteria and deeper experience with house-lot financing. Commercial banks (Republic, Demerara, GBTI, Citizens, Baroda) offer wider product ranges, higher loan ceilings, faster processing, and bundled banking services. Rates are comparable at the 3.50% starting tier.
What fees are involved in a Guyana mortgage?
Typical fees: processing, commitment, legal/attorney, property valuation, and stamp duty on the transport. Citizens Bank announced in April 2026 that it would offer zero processing and commitment fees, plus reduced attorney fees and home insurance discounts, as part of its rate-cut package. Budget 3% to 5% of loan value in total closing costs unless a fee waiver applies.
How accurate is this Guyana mortgage calculator?
This calculator uses the exact published tiered rates from NBS, Demerara Bank, GBTI, Republic Bank, Citizens Bank, and Bank of Baroda as of May 9, 2026 (GBTI's new structure effective May 1, 2026). Monthly payment math uses the standard amortization formula. Results are illustrative only — always confirm your exact rate, fees, and term with your chosen bank. Rates are verified quarterly and after every rate-change announcement.