Expat Community > Belize

phill333
Joined 2014
Posts: 21

Building loan from Belize Bank

12 years ago

Has anyone used this bank or know about typical loans to build a home from banks within Belize? ATLANTIC INTERNATIONAL BANK LTD.
BELIZE CITY, BELIZE C.A.
A/C NO. 1901-7600-05
SWIFT: AIBLBZBZ

We are curious to know if a 7 year loan is typical with a balloon payment due at the end of the loan.
The bank officer told us that typically the bank will refinance the balloon payment due for another 3 to 4 years after the 7 years, w/out a problem if payments are consistently paid on time. Also, the rate is not locked on the loan...we would like input as from individuals who have borrowed from a Belize bank for a building loan before we proceed with our plans. Thanks.

SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More