Types of Loans Available Through Fidelity
Mortgage Loans 
Mortgage loans can be obtained for construction or purchase of a single family, owner-occupied home or for investments in residential properties or undeveloped land.
Residential equity loans are also available, provided the collateral security is an owner-occupied residential property located in the Cayman Islands. These loans are granted to build, purchase, refinance or for any other worthwhile purpose.
The following table includes Fidelity’s current range of terms per mortgage type:
|
Type of Loan |
Maximum Amount |
Maximum Term |
|
Debt Service Ratio |
|
Mortgage |
$2,500,000 |
20-30 YEARS |
80% - 95% |
35% - 45% |
|
Construction |
$2,500,000 |
2 YEARS |
70% - 90% |
35% - 45% |
|
Investment |
$2,500,000 |
15 YEARS |
70% - 90% |
35% - 45% |
|
Land |
$2,500,000 |
10 YEARS |
70% - 90% |
35% - 45% |
Personal Consumer Loans 
Personal consumer loans can be obtained for a wide range of legitimate and worthwhile purposes, including:
- Auto Loans: These loans are granted for the purpose of purchasing a new or used automobile. The amount financed by the bank depends on the age of the auto (see table below for further details).
- Home Improvement Loans: If you’re looking to finance repairs or improvements to your home or another investment property, and you do not wish to utilise the equity in your home, this is the loan for you.
- Household Goods Loans: These loans are for the purchase of new furnishings for your home, such as furniture and appliances.
- Debt Consolidation Loans: As the name implies, this type of loan is granted to pay off and consolidate a number of debts, thereby enabling the borrower to have one monthly payment.
- Cash Secured Loans: These loans are granted where up to 95% of the loan amount is fully supported by a Term Deposit.
- Government Salary Deduction Loans: These loans are available to Cayman Islands Government employees on the condition that they provide monthly salary deductions to service the loan payments.
Loans are also available for purposes that do not fall into the above categories, such as to finance education.
The following tables include Fidelity’s current range of terms per consumer loan type:
Types of Loans Available Through Fidelity
Mortgage Loans 
Mortgage loans can be obtained for construction or purchase of a single family, owner-occupied home or for investments in residential properties or undeveloped land.
Residential equity loans are also available, provided the collateral security is an owner-occupied residential property located in the Cayman Islands. These loans are granted to build, purchase, refinance or for any other worthwhile purpose.
The following table includes Fidelity’s current range of terms per mortgage type:
|
Type of Loan |
Maximum Amount |
Maximum Term |
|
Interest Rate* |
Debt Service Ratio |
|
Mortgage |
$2,500,000 |
20-30 YEARS |
80% - 95% |
Prime to Prime + 5% |
35% - 45% |
|
Construction |
$2,500,000 |
2 YEARS |
70% - 90% |
Prime + .5% to Prime + 5% |
35% - 45% |
|
Investment |
$2,500,000 |
15 YEARS |
70% - 90% |
Prime + .5% to Prime + 5% |
35% - 45% |
|
Land |
$2,500,000 |
10 YEARS |
70% - 90% |
Prime + .5% to Prime + 5% |
35% - 45% |
Personal Consumer Loans 
Personal consumer loans can be obtained for a wide range of legitimate and worthwhile purposes, including:
- Auto Loans: These loans are granted for the purpose of purchasing a new or used automobile. The amount financed by the bank depends on the age of the auto (see table below for further details).
- Home Improvement Loans: If you’re looking to finance repairs or improvements to your home or another investment property, and you do not wish to utilise the equity in your home, this is the loan for you.
- Household Goods Loans: These loans are for the purchase of new furnishings for your home, such as furniture and appliances.
- Debt Consolidation Loans: As the name implies, this type of loan is granted to pay off and consolidate a number of debts, thereby enabling the borrower to have one monthly payment.
- Cash Secured Loans: These loans are granted where up to 95% of the loan amount is fully supported by a Term Deposit.
- Government Salary Deduction Loans: These loans are available to Cayman Islands Government employees on the condition that they provide monthly salary deductions to service the loan payments.
Loans are also available for purposes that do not fall into the above categories, such as to finance education.
The following tables include Fidelity’s current range of terms per consumer loan type: