Why you should get your loan with DFC

We care and HELP YOU in Challenging times!

We know that life happens. At times business becomes challenging, natural disasters happen or other events such as loss of employment etc. happens where the cash flow you depend on to service your loan is interrupted.  If ever you fall on challenging times times and find it difficult to service your loan, as long as you communicate with us immediately, we work along with you to ensure you keep your business, home loan or student loan going.  This is what a development bank does and this is what DFC does as Belize’s only Development Bank.  For Farmers and Tourism Business operators for example, depending on the situation, the DFC would even lend you more capital to ensure your business becomes operational again. We have done so in the past already.

Why? Because, the DFC is not in the business of closing down operations. Unlike commercial banks, we do not exist to ‘maximize profits.’ We exist to support the development of Belize and it’s economy by supporting the long term viability and sucess of Belizean farmers and Belizean Businesses. This is our primary goal.

See more reasons why you should bank with the DFC, below:

Honest and Upfront with you, always!

DFC encourages responsible borrowing with our customers from the get go. We do not allow our customers to over extend themselves with loans larger than they can afford.

DFC is up front with you. We explain the loan terms clearly, letting you know exactly what are the loan fees and payments. With DFC there are NO HIDDEN FEES.

FREE PROJECT APPRAISAL –  saving you Thousands of Dollars!

DFC in the ONLY lending institution that provides you with FREE PPROJECT APPRAISAL.

With over 55 years of experience in Business lending and professionally trained Credit Personnel, the DFC provides, FREE OF COST, the service to assess your Business project and let you know from the beginning if the business you want to invest your money in, the business you want to commit to for the years to come, is truly viable or not.

We have saved may Belizean business persons the headache of investing in a business only to discover later that their business closes. DFC helps businesses get it right and invest as wisely as possible by Reviewing or ‘Appraising’ their business project FREE. OF. COST.

FREE Property Appraisal saving you Hundreds of Dollars!

DFC in the ONLY lending institution that provides you with FREE Property Appraisal. All other instututions charge for this service OR you would need to seek the services of a Private Property Appraiser.

By doing free of cost, the DFC saves you hundreds of dollars.

We have never INCREASED Rates on you!

DFC has neverer INCREASED its Interest rate on its customers. We don’t ‘Lock’ you into a loan then increase the interest rate on you after.

DFC never bind you down by tying or ‘bundling’ your loan with other loans.

TRUE Reducing Balance Interest Rate

DFC offers you TRUE reducing balance Interest rate. What this means is that as you go repaying your loan and your balance owed is reducing, your interest paid also reduces because DFC charges interest on the balance owed.

It is referred to as ‘TRUE’ because we apply interest this way  CONTINUOUSLY, over the entire life of your loan with us. Other institutions may say they also offer ‘Reducing Balance’ but it may not be ‘TRUE’ reducing balance because of HOW they apply the interest (eg; on a 12 month basis only) As such, it is not continuous and this means you pay more in interest.

Tailored Loan Repayments

We tailor your loan repayment to support your business’s cash flow. Pay less during low season and more during high season. Great for Agricultural based business where payments can be made at harvest time.

Loan Grace Periods

DFC offers Grace periods (Pay only interest, no principal) for up to 5 years (dependent on project type) Eg. Your business would receive grace period while its under development or for a period after opening to become established first. Agricultural based businesses could receive grace periods until their crop is harvested.

Revolving Credit Line

Your Service or Agricultural based business could get a Revolving Credit Line Loan where you are approved a credit line and can draw down from that loan to cover operating costs for your business. As you repay your loan, you can automatically draw down again. (Similar to an Overdraft account)

The most affordable, because our legal services are done in-house!

We are the Only Bank to provide the legal services you need, In-house which reduces your cost, again saving you money!

Benefits

  • Loans from $40K to Million dollars+
  • Micro Loans from $5,000 to $40,000
  • TRUE Reducing Balance Interest Rate
  • LOW Effective Interest
  • FREE Property Appraisal ($300 – $1400 in Savings)
  • PAY LESS for Legal Services because of our In-house Legal Services
  • Business Plan development support
  • FREE Technical assistance during Planning & Implementation
  • Renewable Energy / Energy Efficiency loans at just 6%
  • Revolving Line of Credit option
  • Character Based Loans offered
  • Forbearance during times of Financial Challenges
  • Tailored Loan Repayments
  • Repayment Period up to 15 years
  • Grace Period up to 5 years
  • DFC does not Increase your interest rate
  • Loan Fees as low as 2%
  • Loan Terms Clearly Explained
  • No Hidden Fees
  • Easy to Reschedule
  • No Rescheduling Fees
  • No Loan Consolidation Required
  • No Annual Renewal Fees
  • Safe debt ratio of 35%
  • Amortization Schedule Provided
  • Good Loan Approval time: 5 to 6 weeks