Home Equity Loans | Bank of the Bahamas Limited

You’ve worked hard building those four walls, now it’s time those walls work for you. The equity you built up in your home -- the difference between what you owe on an existing mortgage and the value of the home in today's market -- can be put to good use with a BOB home equity loan.

When should you consider a home equity loan?

When you need collateral or fund for a worthy purpose or investment:
- home renovations
- a child’s college tuition
- purchasing property
- a major medical emergency
When you can comfortably meet the payments

Terms

Competitive interest rates
Up to 25 years to repay

Required Documents

Valid Passport or voter’s card and NIB Smart Card for identification
A letter from your employer and your most recent salary slip
Copies of recent bank statements or a bank reference from your banker (if you are a self-employed customer)
A printout of your existing mortgage
An invoice for the expense that you intend to fund