The Business Premium Loan allows businesses to finance a wider range of their needs which includes acquiring assets, funding working capital or even business expansion. With no minimum or maximum amount for borrowing, low and flexible monthly payment plans and the interest rate being linked to the market, the Business Premium Loan is convenient for your business.
Business Premium Loan
A down payment may be required and varies based on the security provided
The Loans are generally granted for a maximum of 5 years, but in exceptional circumstances, longer terms may be considered
No early repayment fee will be charged if the business decides to repay the full amount of the loan prior to the maturity date
Interest is accrued and charged on a daily basis on the reducing balance and is based on the current market rates
Loan is callable upon demand and reviewed annually
CIBC FirstCaribbean International Bank
CIBC FirstCaribbean is a major Caribbean bank offering a full range of market-leading financial services in Corporate Banking, Retail Banking, Wealth Management, Credit Cards, Treasury Sales and Trading, and Investment Banking.
23-27 Knutsford Boulevard, Kingston 5