ANSA Merchant Bank Barbados review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

ANSA Merchant Bank Barbados suits people in Barbados who want one fixed-rate personal loan rather than a revolving arrangement. Borrowing costs 12.5% over 12 to 60, with loans of up to BBD 30,000, and the bank lends directly under the supervision of the Central Bank of Barbados.

Key facts

Best for
Fixed-rate personal borrowing in Barbados, loans of up to BBD 30,000.
APR
12.5% (Source, checked September 26, 2026)
Loan amount
up to BBD 30,000 (Source, checked September 26, 2026)
Term
12 to 60 months (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Loan types
Personal, Debt-consolidation, Car, Secured, Business (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
ANSA Merchant Bank (Barbados) Limited (Source, checked September 26, 2026)
Headquarters
Barbados (Source, checked September 26, 2026)
Founded
1983 (Source, checked September 26, 2026)
Support channels
Email, Phone, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Official website
bb.ansamerchantbank.com

Mortgages

Purpose
Purchase, Remortgage, First-time-buyer (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Legal entity
ANSA Merchant Bank (Barbados) Limited (Source, checked September 26, 2026)
Headquarters
Barbados (Source, checked September 26, 2026)
Founded
1983 (Source, checked September 26, 2026)
Support channels
Email, Phone, Help-centre (Source, checked September 26, 2026)

Apps and profiles

Elsewhere
LinkedIn

Pros and cons

Pros

  • A direct lender, so direct lender keeps the decision with the bank rather than a broker
  • Fixed fixed pricing at 12.5%, so payments do not shift with the market
  • Covers personal, debt consolidation, car, secured and business needs under personal, debt consolidation and car
  • Reachable by phone, email and a help centre through email, phone and help centre

Cons

  • The 12 to 60 term range caps the repayment window for larger balances
  • Loan types listed under personal, debt consolidation and car stop short of student, bridging and buy now pay later lending
ANSA Merchant Bank Barbados

Ready to try ANSA Merchant Bank Barbados?

Scored 9.1 / 10 by BorrowCue.

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Who it suits

  • Barbados residents consolidating several debts into one fixed repayment
  • Borrowers funding home improvement work listed under home improvement
  • Anyone whose income sits in the same currency as the up to BBD 30,000 ceiling

Who should look elsewhere

  • People needing a credit line or revolving balance, since only fixed terms under fixed rate are listed
  • Borrowers chasing the cheapest headline cost, as Cashspace ES lists 0% and Monzo Flex lists 10% to 23%
  • Car or business buyers who want a lender outside the Barbados market, such as Cashspace

Who runs it

ANSA Merchant Bank Barbados trades as ANSA Merchant Bank (Barbados) Limited and is based in Barbados, having been founded in 1983. It lends as a direct lender under direct lender, which means applications and terms stay with the bank. Anyone needing help before or after applying can reach the team on email, phone and help centre, covering phone, email and a help centre.

How ANSA Merchant Bank Barbados compares

Where ANSA Merchant Bank Barbados is available

Available
Barbados
Licence in Barbados
Central Bank of Barbados, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate will I pay on an ANSA personal loan?+

Personal borrowing is priced at 12.5%. The rate is fixed under fixed, so the figure holds rather than moving with market rates, and it sits alongside a fixed-rate model listed under fixed rate. No arrangement fee is listed for this lending.

How much can I borrow and how long do I have to repay?+

Loans reach up to BBD 30,000 and run over 12 to 60. That window is shorter than some personal loan ranges elsewhere, so a larger balance means a heavier monthly repayment. Secured and car loans sit under the same listed amount.

Is ANSA Merchant Bank regulated?+

It is listed under the Central Bank of Barbados, the regulator recorded for Barbados. The bank operates as a direct lender under direct lender, so it sets and approves its own terms rather than passing applicants to a third party.

What kinds of loan does the bank offer?+

The listed personal, debt consolidation and car cover personal, debt consolidation, car, secured and business lending. Home improvement work appears under home improvement. Student, bridging and buy now pay later products are not among those listed.

Does the bank lend for buying a home?+

Its mortgage tools cover purchase, remortgage and first-time-buyer purposes under purchase, remortgage and first time buyer. Those sit alongside the personal and secured products in personal, debt consolidation and car, so borrowing for a property runs through a separate application from a personal loan.

How do I get hold of the bank?+

Contact runs through email, phone and help centre, which lists phone, email and a help centre. A phone call suits questions about an application in progress, while the help centre covers product detail such as the up to BBD 30,000 ceiling and 12 to 60 term range.

Is the rate the same for every borrower?+

The published 12.5% is the reference rate and pricing is fixed under fixed. Rates often shift with credit profile, so the figure you are offered may differ. The calculator on the bank's site is the place to test a personal loan before applying.

How does this compare with cheaper lenders?+

On headline cost, Cashspace ES lists 0% and Monzo Flex lists 10% to 23%, both below 12.5%. Those brands serve other markets, and a lower starting rate there does not make them a direct substitute for Barbados fixed-rate borrowing.

Sources

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Arrangement fee, Credit check, Funding time, Representative example.

ANSA Merchant Bank Barbados

ANSA Merchant Bank Barbados

Fixed-rate personal borrowing in Barbados, loans of up to BBD 30,000.

9.1/10See alternatives

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