Bank of Saint Lucia provides loans to individuals and businesses for infrastructural development.  Loan terms will depend on the projected cash flow of the project and its expected life.  Eighty percent (80%) of the proceeds from the sale of lots will be applied to the loan.  The interest rate will be determined on a case by case basis. 

Housing loans or mortgages are also granted for the purpose of real estate development. Housing projects , construction of villas, etc.

Information needed before loan disbursement include, among other things

-         evidence of clear title (Deed of Sale) to the lands to be developed

-         full DCA approval

-         a feasibility study of the project showing cash flow projections

-         promotion and marketing plan

-         project costing

-         work schedule and evidence of the status of the business at Inland Revenue and National Insurance Corporation.