Apply for Loan in Bahamas Development Bank In Bahamas By Online
- The applicant should make an application and submit an Project Summary to the Bahamas Development Bank.
- Follow the link below for contact Details contact Link.
- The application is available for download by clicking the link below. The Project Summary Form, Personal Statement of Affairs Form
-
How to Apply for Loan in Bahamas Development Bank In Bahamas - Complete the application form , including all the information required.
- After filling in all of the details, send the application form with the documents required to support it as specified within the “Required Documents” section to the Bahamas Development Bank.
- The customer will get an inquiry from the bank’s representative within 24 hours for more details.
- The applicant could also set up an one with the bank for a discussion the plan.
- A candidate will be required to provide various documents when the project request is confirmed to be qualified.
- Business plans are typically required for proposals of more than $20,000.
- After the applicant has submitted documents requested at the banks, they should get a response within 30 and 45 days.
Register Online
- The applicants can submit their loan request online too.
- The applicant shall email the application to cserv@bahamasdevelopmentbank.com.
- The application is available for download via the following link: Project Summary Form , Personal Statement of Affairs Form.
- Fill out the application form and include all information.
- After filling in all the details submit the Application Form along with the supporting documents as mentioned in the “Required Documents” section to the email id, cserv@bahamasdevelopmentbank.com.
- The customer will be contacted by the bank’s representative within 24 hours for further information.
- The applicant may also make an meeting with the bank for a discussion about the project.
- A candidate will be required to provide various supporting documents when the project is confirmed to be qualified.
- Business plans are typically required for proposals that exceed $20,000.
- After the applicant has submitted the required document to the institution the applicant will receive an answer between 30 and 45 days.
Required Documents For Apply for Loan in Bahamas Development Bank
- Documents for identification issued by the National Government
- Character and references to Banks
- For additional documents required, you can visit the link below: Checklist Link.
Office Locations and Contacts
Bahamas Development Bank
Cable Beach, West Bay St.
P. O. Box N 3040
Nassau, N.P., The Bahamas
E-mail: cserv@bahamasdevelopmentbank.com
Phone: (242) 702-5700 (Nassau)
(242) 352-9025/6 (Freeport)
Fax: (242) 327-5047 (Nassau)
(242) 352-4166 (Freeport)
Links to Contact Details Contact Link
Eligibility
These are the criteria to be considered for eligibility in different business models:
Sole Proprietorship (Business is managed by a single person)
- Bahamian citizens living in the Bahamas with a minimum the age is 18.
Partnerships or Joint Ventures (Business is controlled by two or more people)
- Bahamian citizens living within the Bahamas and have a minimum age of 18 and who own 60 % of control and profit-sharing interest.
Limited Liability Companies (Incorporated under the Companies Act of the Bahamas)
- Bahamian citizens living in the Bahamas with a minimum aged of 18. They must also have at least 60 percent control and profit-sharing rights.
Fees
The applicant will be provided with an estimate of the total cost from the officer, in addition, the application fee. A small fee and an Administration fee. be assessed as well.
Documents to Utilize
Application Formula Link Link 1, Link2.
Processing Time
The applicant will be notified in 30 to 45 business days after having submitted the required papers with the Bank.
The Information You Need
- Name
- Date of Birth
- Age
- Marital Status
- No. of Dependents
- National Insurance No.
- Date of Expiry
- Passport No
- Date of Expiry
- Name, Address/ Contact of the Lord of the Land
- Address of previous address
- Spouse Name
- Date of Birth
- Next Kin/Address/Contact/Relationship
- Next Kin/Address/Contact/Relationship
- Names of Bank /Financial Institutions where the applicant is subject to any judgment or legal Procedures
- The details of previous borrowing
- Name of the employer
- Telephone
- Employment date
- Annually, the Salary is currently Salary
- Occupation
- Position
- Previous Employment details
- Complete financial information
The Document is required
It is mandatory to request a loan from the Bahamas Development Bank.
Information that can be useful
Website Link