COMMITMENT FEES
0 - 10,000.00 - EC$100.50 plus .5% of the Loan Amount
10,001.00 - 50,000.00 1.5%
50,001.00 - 100,000.00 1.75%
100,001.00 - (OVER) 1.5%
N.B: Plus a charge of $0.50 per $10,000.00 re Bank cheques and $0.50 also on remainder.
LEGAL FEES - BILL OF SALE
1% LOAN AMOUNT
- If 1% is more than $100.00, multiply by 2
If 1% is less than $100.00, add $100.00
N. B. 1% of the loan amount - Civil Servant Only
LEGAL FEES ON MORTGAGES
1% Loan Amount
2% of First $50,000.00 which is $1,000.00
1% of remaining balance
$7.20 - Registration Fees
3% of the loan amount when it's less than $50,000.00
PURCHASE OF PROPERTY
6% Stamp Duty on Cost of Property
.2 Assurance Fund on Cost of Property
14.40 Registration Fees
Legal Fees - 2% Property Cost
If 2% is less than 350.0 fees should be $350.00
If 2% is more put whatever 2% is
$50.00 Vetting Fees
* An extra $350.00 to register document in the person name when transferring Title from one person to the next.
| TRANSFER |
|
CAVEAT |
| Stamp Duty |
6% on cost of land |
$200.96 to Note Caveat |
| Vetting Fee |
EC$50.00 |
$150.00 to Remove Caveat |
| Registration Fee |
EC$7.20 |
|
| Assurance Fee |
.2% Loan Amount |
|
| Legal Fees |
EC$1,000.00 |
|
Documents with security being
- Promissory Note
- Guarantee Form
- Salary Deduction Order
N. B. Stamp Duty of $1.00 per thousand $0.50 under $1,000.00
* When transferring from one Bank to the Next is 1% of the original Loan amount plus $1,000.00
