Atlantic International Bank Ltd.Loans

So, what about Atlantic International Bank and Loans?

Atlantic International Bank has been in existence for over 15 years.

Throughout this time, the bank has helped clients like you, to benefit from savings package.

AIBL is also here to help you walk that step closer to owning your own home, property, condominium, or even being the developer of your small or large project.

Our loans are tailored to suit your budget and needs. With our flexible repayment terms, you may never need

or require the assistance of another offshore banking provider within the jurisdiction of Belize.

So, what about Atlantic International Bank and

Loans?

“

” Our loans are used for several purposes which offers the

perfect solution to match your monthly budget in terms of payments.

Loans range anywhere from the vicinity of purchasing: a piece of land building a home buying a piece of land that already has a house or building on it buying a home that need remodelling even buying a condominium unit in one of the popular

destinations countrywide. Our loans for property purchase only carry the same terms however,

the repayment capacity is stretched out for no more than a 5 year period. Unlike the other loans where we can amortize for 15 years max.

Our Loans

Buying a piece of land that already has a home on it can be the best solution to save time.

Bear in mind that the bank requires for the structure to be insurable and wooden structures often pose a high threat to any insurance provider, making them harder to insure. This is something you might want to talk to your credit officer about.

When it comes down to purchasing a property with a home and you will be renovating it, always remember to check the building codes and see if they match up to current regulations and standards.

Requirements and Procedures in purchasing a piece of Land

Types of Properties you can ownLagoon Side Properties

Types of Properties you can ownIsland Property

Types of Properties you can ownLagoon View Condominiums

Types of Properties you can ownLagoon Side Land Parcels

Interest rate

Lifespan of Loan

Monthly installment

s

So, what does our repayment terms include?

Our basic repayment terms include an amortized interest rate of on the reducing balance.

Unlike the APR financing that is ever most popular, our rate is fixed throughout the lifespan of your loan.

We can tailor your monthly payments to suit your exact budget and have you pay off your credit facility with ease and comfort.

The bank is not in Real Estate business, so the last thing we would want is another foreclosed property, hence we work around the customer needs.

Repayment terms

Scenarios on Financing

Bob found a piece of property in San Ignacio Cayo which is being sold for US$160,000.00.

It doesn’t have any structures on it but has over 10 acres of plush farm land and

Bob quite frankly is a retired farmer from Alabama who was looking for something to do after retirement.

Bob enters into this contract and approaches the bank for assistance or financing.

Automatically we would inform bob that closing cost would take up the total value of his project which is usually about 8 – 10% of the total purchase price, if land transfer is involved.

This brings Bobs total loan request to US$176,000.00. The bank would only lend up to 60% of the project cost or US$105,600.00 and Bob would have to source the additional equity contribution of US$70,400.00 out of pocket.

Given the fact that Bob will only be given 5 years to repay, his monthly payments would amount to US$2,662.00 for that five year period. With a surplus after his retirement check of US$4,500.00, Bob has the means to repay his loan within 5 years.

Scenario #1

Jane from California has visited Belize and fell in love with a property in Placencia that is currently being sold for US$450,000.00.

Unlike Bob’s property, this one has a newly built concrete home on it and Jane is ecstatic about purchasing it for her retirement home.

At AIBL, we make your dreams of retiring come true. Jane is closer to retiring than she thinks.

At her property cost of $450,000.00 the closing cost would be in the tune of US45,000.00. That sums her project up to the total of US$495,000.00. The bank will finance 60% of this project or US$297,000.00.

Jane will have to put up the additional US$198,000.00 in equity. Monthly payments for the US$297,000.00 will be to the tune of US$2,415.00. Now, you are wondering well how come Bob’s loan was smaller than Jane’s but then he has a higher monthly payment.

The answer is easy, Bob does not have a 15 year amortization like Jane does. So his monthly payments and terms will be different that Jane who is actually building her home.

Scenario #2

The last scenario has us looking at Susan, who already owns a property on the beach in San Pedro and has approached us wanting to build a home on that property.

Susan paid US$200,000.00 for the property back in August of 2009 and has been maintaining the property ever since. Her property tax payments are up to date and she now wishes to build a home to the tune of US$180,000.00.

This project is basic and since Susan will be giving the property as collateral, she now has to come up with the additional US$72,000.00 and the bank will finance her US$108,000.00 towards the house construction. There is the scenario that Susan might not have the cash equity and wants to use the equity in form her property.

The bank would only look at this as a second option if she is unable to meet the equity requirement.

The loan will be amortized for over 7 years with a 3 year balloon. Her monthly payments would be to the tune of US$2,170.00 for the 3 years and a balloon payment of US105,000.00 which can be rolled over for the other years once approved by management.

Scenario #3

So, there you have it!

Atlantic International Bank

Offering you:Flexible Payment TermsFlexible OptionsFinancial Solutions

Thank You