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Loans & Mortgages

Understand your financing options for purchasing property in Grenada.

Mortgage Terms in Grenada

6% – 9%
Interest Rates
Up to 30 yrs
Repayment Term
Up to 90%
Loan-to-Value
From 10%
Minimum Deposit

Typical terms across Grenadian commercial banks · Debt service ratio capped around 40% of income · Final terms vary by lender and applicant

How a Grenada Mortgage Works

01

Get Pre-Approved

Meet with a lender to confirm how much you can borrow before you start shopping.

02

Find Your Property

Work with our agents to find the right home, land, or investment within your budget.

03

Valuation & Approval

The bank commissions a property valuation and finalises your loan approval.

04

Sign & Close

Sign the sale agreement and mortgage documents — then collect your keys.

Property Financing Options

Whether you're a Grenadian national or a foreign buyer, there are several financing routes available to help you purchase property on the island.

Qualifications

Good employment history
Financially capable of servicing the mortgage
Creditworthy
Adequate security
Life insurance
A signed sale agreement
A fixed price contract and construction estimates (for new construction)

Required Documents

Valid photo ID (driver's licence, National ID, NIS card, voter's ID, or passport)
Proof of address (utility bill or bank/credit card statement)
Copy of Title Documents or Deed of Conveyance
Proof of income (job letter and recent pay slip)
Signed Sale Agreement
A property valuation
Bank statement showing deposit and loan balances
Approved building plan and construction estimate (if applicable)

Three Ways to Finance

Local Bank Mortgages

Several commercial banks in Grenada offer mortgage financing, including CIBC FirstCaribbean, Republic Bank, and Grenada Co-operative Bank.

International Financing

Foreign buyers with strong home-country credit may leverage home equity or international loans through banks in the OECS region or international private banks.

Cash Purchase

Many international buyers purchase with cash, simplifying the transaction and often achieving a better negotiated price.

Buyer Tip

Don't fudge the truth on your application — even a small misstatement can constitute mortgage fraud. If you notice unexpected fees, ask for an explanation; you have a right to know what each fee is and why it's being charged. Your agent is always here to help.

Mortgage Calculator

Estimate your monthly repayment

Need Financing Advice?

Our team can connect you with trusted local lenders.

Get in Touch

Ready to explore financing options?

Speak to Our Team