LOAN REQUIREMENTS
BANCO POPULAR
LAS TERRENAS, SAMANA PENINSULA, DOMINICAN REPUBLIC
8 November, 2007
With Cedula (residency card):
<!1. Bank statements from last year (not required if banking with Banco Popular)
<!2. Passport
<!3. A letter from purchaser asking for the loan
<!4. Met Jaime the bank manager
<!5. Financial statement from accountant showing Net Worth
<!6. Appraisal done by bank appointed appraiser. Bank Manager accompanies. (+/- $150.00 USD)
Without Cedula: all the above plus…
<!1. Last income tax statement
<!2. International credit report from TransUnion (´Express¨ prices are more)
a. United States US$ 20.00
b. Europe US$180.00
c. Spain US$100.00
d. Latin America US$125.00
e. Caribbean US$250.00
Banko Popular loans 80% of the value of the property so expect to pay 20% down
Interest rate at time of this writing is 9.0% USD and 13.95% Peso
This is for a 20 year note
DanDannyDaniel L Hussmann
DR Paradise Realty
829-644-8094
www.drparadise.com
