Demerara Bank review

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

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Our verdict

Demerara Bank suits Guyanese borrowers buying or remortgaging a home, with rates of 3.5% to 8% where the site median is 11.52%. It lends directly, so you deal with the bank rather than a broker, and a hard credit check runs on the application.

Key facts

Best for
Buying or remortgaging a home in Guyana through a lender that deals with you directly.
APR
3.5% to 8% (Source, checked September 26, 2026)
Loan amount
up to GYD 40,000,000 (Source, checked September 26, 2026)
Arrangement fee
G$3,000 to G$10,000, tiered by advance amount (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Eligibility
At least 18 years old (Source, checked September 26, 2026)
Loan types
Secured, Car, Business, Credit-line (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
Demerara Bank Limited (Source, checked September 26, 2026)
Headquarters
Guyana (Source, checked September 26, 2026)
Founded
1992 (Source, checked September 26, 2026)
Support channels
Email, Phone, Help-centre (Source, checked September 26, 2026)
Official website
demerarabank.com

Mortgages

Initial rate
3.5% (Source, checked September 26, 2026)
Fixed period
30 years (Source, checked September 26, 2026)
Maximum loan to value
90% (Source, checked September 26, 2026)
Product fee
GYD 0 (Source, checked September 26, 2026)
Purpose
Purchase, Remortgage, First-time-buyer (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Legal entity
Demerara Bank Limited (Source, checked September 26, 2026)
Headquarters
Guyana (Source, checked September 26, 2026)
Founded
1992 (Source, checked September 26, 2026)
Support channels
Email, Phone, Help-centre (Source, checked September 26, 2026)

Apps and profiles

Get the app
App Store

Pros and cons

Pros

  • Home loan rates of 3.5% to 8% sit below 11.52%, the median for secured lenders listed on the site.
  • Demerara Bank is a direct lender, so there is no broker layer between you and the decision.
  • The home loan carries a product fee of GYD 0, so nothing extra is charged for taking the product out.
  • The fixed period can run to 30, and support runs on email, phone and help centre.

Cons

  • The credit check is hard, so there is no soft prequalification step before you apply.
  • An origination fee of G$3,000 to G$10,000, tiered by advance amount applies, so borrowing carries an upfront cost.
  • Borrowing stops at 90% of the property value, so a deposit covers the balance.
Demerara Bank

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Scored 9.4 / 10 by BorrowCue.

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Who it suits

  • Homebuyers in GY who can put up a deposit and prefer to deal with the lender directly.
  • Borrowers with a settled credit file, since the check is hard and there is no softer route.
  • Anyone funding home improvement, home improvement, as part of a larger advance.

Who should look elsewhere

  • Applicants who want a soft check first, since the check here is hard. Sofkredit, at 10.74% to 18.06%, is worth a look as a rate comparison in another market.
  • Borrowers outside GY, where this bank lends from. Solcredito MX, at 9.5% to 3,696%, serves a different market and currency.

Who runs it

The lender is Demerara Bank Limited, a bank based in Guyana that was founded in 1992. Home loan applicants deal with the bank itself rather than an intermediary, and the service charges that set the cost of arranging a loan are published by the bank itself. Help runs through email, phone and help centre.

How Demerara Bank compares

Where Demerara Bank is available

Available
Guyana
Licence in Guyana
Bank of Guyana, checked September 26, 2026

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

Frequently asked questions

What rate will I pay on a home loan here?+

Home loans from Demerara Bank carry rates of 3.5% to 8%, and the headline rate starts at 3.5%. That range sits below 11.52%, the median for secured lenders on the site. Ask for the rate that matches your loan to value and term, since the published figure is a spread.

What fees do I pay to take the loan out?+

The origination fee is G$3,000 to G$10,000, tiered by advance amount, and it is tiered by the advance amount, so a larger loan costs more to arrange. The product fee on the home loan is GYD 0, so there is no separate product charge on top of that origination fee.

How much can I borrow, and how much deposit do I need?+

The maximum advance is up to GYD 40,000,000, which sits well above what most buyers need. Borrowing is capped at 90% of the property value, so your deposit covers the balance. The wider range, secured, car and business, covers other kinds of borrowing as well.

What credit check runs when I apply?+

The application runs a hard credit search, hard, so a decision can follow straight from your file. Roughly 72.7% of lenders on the site check hard, so you would not be unusual, but there is no softer prequalification step to try first.

Who regulates the bank?+

The lender is Demerara Bank Limited, supervised by the Bank of Guyana in Guyana. That is the body to approach if service falls short of what was promised. The bank lends from that market only, so buyers elsewhere need a lender in their own country.

What can I use the money for?+

The home loan book covers purchase, remortgage and first time buyer, so a purchase, a switch of lender and a first-time buyer are all in scope. Home improvement is a listed use, home improvement, so works can be added to the advance rather than funded from savings in one go.

How long can the rate be fixed for?+

The rate can be fixed for 30, which is a long run for a home loan and keeps payments steady over that stretch. The published pricing spans 3.5% to 8% across the range, so it is worth asking what sits behind the headline rate once the fixed period ends.

How do I get help once I have an account?+

Help runs on email, phone and help centre, so a call, an email or the help centre covers most questions about an account. The origination fee is set out as G$3,000 to G$10,000, tiered by advance amount, so the cost of setting up a loan is known before you apply rather than discovered after completion.

Sources

  • demerarabank.com/about-us checked September 26, 2026

    Backs: Founded, Legal entity, Licences

    “On January 20, 1992, Demerara Bank Limited was officially incorporated with a share capital requirement of $250 million.”

  • demerarabank.com/about-us/service-charges checked September 26, 2026

    Backs: Arrangement fee, Support channels

    “ADVANCES Application Fee Up to $3M: $3,000 ... Over $25M: $10,000”

  • demerarabank.com/credit-facilities checked September 26, 2026

    Backs: Headquarters, Loan types

    “Corporate Office 214 Camp Street, North Cummingsburg, Georgetown, Guyana.”

  • demerarabank.com/faqs checked September 26, 2026

    Backs: Eligibility

    “You must be at least eighteen years to establish an account.”

  • demerarabank.com/home-loans checked September 26, 2026

    Backs: Loan amount, APR, Credit check, Initial rate, Lender type, Maximum loan to value, Product fee, Purpose, Use cases

    “loans of up to G$40 million now offered at 5% p.a.”

  • demerarabank.com/switch checked September 26, 2026

    Backs: Fixed period

    “Repayment Period: Up to 30 Years”

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

Not confirmed yet: Term, Funding time, Representative example.

Demerara Bank

Demerara Bank

Buying or remortgaging a home in Guyana through a lender that deals with you directly.

9.4/10See alternatives

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