HOUSING FACILITY

Your deed, your land title, your place to call home;

Your sense of personal empowerment! These are the dreams you've been working towards since that first paycheck. SLDB wants to make it happen. We want what you want; collateral to secure an education loan tomorrow, or the means to become a landlord in the retirement years. SLDB's home facility graduates you - from rental to ownership, and sets you on the path to long-term security.

Our Relationship Specialists will be happy to work with you to ensure that your project is kept on track.

SLDB offers financing for: 

• Construction of new homes
• Extension of existing houses
• Renovation of existing houses
• Purchase of building lots
• Purchase of existing houses
• Home improvements
• Land development and providing infrastructure for land to be sold as separate lots or as house and land packages

What you will need :

Documents required for ALL applications 

• Quotation from an approved contractor/builder with a cost breakdown (list cost of materials, labour and transportation);
• Contractor references
• Evidence of ability to meet required contributions(most recent salary slip, bank statement)
• Proof of Employment Letter indicating your salary and length of employment. If self employed, you will need to produce documentary evidence of monthly/yearly income.
• Power of Attorney for off island applicants, giving full authority to the Agent(s) to act on your behalf;
• Copy of Title Deed of land to be built on or to be purchased, or Notarized copy of Lease Agreement for a duration not less than the term of the loan with attached Land Register;
• Statement of existing Mortgage (where applicable) indicating the loan balance and other relevant details, if the land on which the building is to be erected is mortgaged;
• Tax Clearance Certificate from Inland Revenue Department confirming that income taxes are current;
• Letter from National Insurance Corporation (NIC) stating that contributions are current.
• Land and house tax clearance certificate
• Two forms of valid National ID

Other documents required based on specific loan applications.

For Home Construction :

• House Plans approved by the Development Control Authority (DCA)

To Buy a Home:

• Letter of intent to sell and Quotation from house Owner/Developer/Agent indicating total cost of land and house
• Land Register confirming that the land on which the building is established is free and clear and the vendor has absolute title.

For House Extension/Improvement:

• DCA Approval if extension is more than 1/3 the original size of the house
• Engineering report if there is evidence of structural weakness or if the works to be undertaken is likely to undermine the structural integrity of the building

For Land Development :

• Approved plans for the provision of all required infrastructure
• Engineering Reports, including environment impact assessment (EIA), where required
• Cost Quotation from Contractors/Consultants/Engineers
• Business Plan or proposal
• Sales/Marketing agreements of contracts
• Information on marketing and market outlets

Other:

  SLDB will require that :

• The borrower implements the project efficiently
• The borrower has the ability to afford the monthly payment
• Any building or equipment financed with the funds of the Bank or pledged as security are free and clear of encumbrance and is properly maintained and adequately insured against perils
• The funds of the Bank will be used exclusively to fulfill the purposes of the loan
• Proper certification of work-in progress shall be required before further disbursement are made by the Bank
• Any and all alterations from the previously approved plans must be approved by the DCA
• The Bank shall have full and free access to the project and shall have the right to inspect the site and all books and records associated with the project
• Pertinent information or data requested by the Bank shall not be withheld by the borrower(s)
• Borrowers agree to fulfill all of the conditions or requirements of the loan.

Download an application form or apply online.
Address: 4 Bridge Street, P.O. Box CP 5900, Castries, Saint Lucia
Tel: 758-456-7532(SLDB) | Fax: 758- 453- 3839