See below the full statement issued:
Guyana Bank for Trade and Industry Ltd- GBTI, is excited to announce the launch of its new HomeStart Advantage account, a savings account designed to bring customers one step closer to their dream of homeownership. This innovative account offers a unique combination of incentives, including flexible savings options,special discounts on mortgage fees and personalized financial guidance to make owning a home more attainable than ever before.
The HomeStart Advantage account is tailored for individuals and families who are serious about saving for a home. With features that include no monthly fees, automatic savings plans, and cash bash that reward customers when they reach their goals, the account is built to help customers grow their savings efficiently. GBTI Bank also offers financial counseling and resources to assist customers in understanding the home-buying process and making informed decisions.
Key Benefits of the HomeStart Advantage Account:
Reduced Mortgage Fees: 100% Discount on Application Fee (No application fee) 25% Discount on Negotiation Fee
Cash back: 5% cash back on the HomeStart Advantage account funds, with the maximum cash back being $100,000. This amount will be credited after the rst disbursal stage is completed.
Automatic Savings Plans: Set up automatic transfers from your primary bank account to ensure regular and consistent savings.
Personalized Financial Guidance: Access to GBTI’s team of homeownership experts who provide advice and resources to help you navigate the home-buying process with confidence.
A message from GBTI’s Chief Commercial Officer – Rawattie Mohandeo
At GBTI, we recognize that owning a home is more than just a financial transaction; it is a cornerstone of stability, a foundation for building memories, and a legacy for future generations. It is with this understanding that we have been unwavering in our support of the Government Housing Initiative, aimed at making homeownership more accessible to all Guyanese.
I am thrilled to introduce our latest innovation in financial services—the HomeStart Advantage Savings Account. This product has been meticulously designed to empower every aspiring homeowner from day one of their journey, ensuring that the path to owning a home is not only possible but also supported every step of the way.
The HomeStart Advantage Savings Account is more than just a savings account. It is a strategic financial tool tailored to meet the unique needs of prospective homeowners. Through this account, we are offering a structured savings plan that allows customers to systematically save towards their housing loans, with a range of attractive features and incentives that make the process both rewarding and secure
y among these features is the ability to benefit from special discounts on fees when applying for a mortgage through the HomeStart Advantage. We’ve also introduced a 5% cashback incentive on the funds in the account, with a maximum cashback of $100,000, a valuable boost as you take that significant step towards your dream home.
. From the moment you decide to pursue your homeownership dream, we’re here to support you with personalized financial solutions, ensuring that your journey is smooth and stress-free.
As we launch the HomeStart Advantage Savings Account today, we reaffirm our commitment to making homeownership achievable for every Guyanese. This product aligns with our broader mission of driving sustainable growth while supporting the aspirations of our customers.
Together, let’s make homeownership not just a possibility, but a reality for more Guyanese families
Remarks from Susan Rodrigues, Minister within the Ministry of Housing
Minister Susan Rodrigues extended her congratulations to GBTI for their continued innovation and responsiveness to the government’s call to support the housing sector in Guyana. Speaking at the launch of the GBTI HomeStart Advantage account on Friday, August 9, 2024, at the International Building Expo at the Providence Stadium, the Honourable Minister commended GBTI for their unwavering support of the government’s housing initiatives.
During her address, Minister Rodrigues emphasized the critical role that GBTI’s HomeStart Advantage account plays in the housing loan process. She highlighted how this innovative financial product is designed to ease the path to homeownership for many Guyanese by providing a tailored savings mechanism that aligns with the unique needs of potential homeowners. The Minister noted that this initiative would significantly assist individuals in achieving their dreams of homeownership, which aligns with the government’s broader goals of expanding access to affordable housing.
Minister Rodrigues also expressed the government’s satisfaction with the ongoing collaboration between the private and public sectors in advancing the housing agenda. She stressed that partnerships like these are essential in ensuring that the people of Guyana have the necessary support and resources to embark on their homeownership journey. The Minister concluded by reiterating the government’s commitment to working alongside institutions like GBTI to create opportunities that empower citizens and foster sustainable development in the housing sector.
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