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Types of Loans

Cannadian Bank offers a wide range of loan options:

  • Personal
  • Commercial secured credit loans, which includes lines of credit, capital purchases, letters of credit and working capital
  • Overdraft Facilities
  • Real Estate loans to include condo financing, residential mortgages, residential construction loans, commercial mortgages, commercial construction loans and land development loans.

Interest Rates: Swiss Francs 4.5% APR Euros 7.5% APR Canadian Dollars 9.5% APR British Pounds Sterling 6.5% APR U.S. Dollar 11% - 13% APR (*) Flexible repayment schedules and terms available.

Loan Applications

All loan proposals must be in writing, signed by the borrower(s).

Financial Requirements:

  • Current Statement of Affairs (Personal)
  • Audited Financial Statements (Corporations) for at least two years
  • Tax Returns for at least two years
  • Projections (if applicable)

Other Requirements:

  • Any borrowing client will be required to have a deposit account
  • Two references are required on all signatories & beneficial owners, one bank and one personal (i.e. from an attorney, accountant etc.)
  • Full name (s) and address (s) of bank/bankers
  • Certified copy of Passport on all signatories & beneficial owners
  • Full name, residential address, e-mail address, telephone and fax numbers
  • Indemnity for facsimile and E-mail instructions form
  • Signature card

Please Contact Us for more information about Cannadian Bank

Foreign Currency Holding Accounts

  • Available in: Canadian, Euro, Pound Sterling and Swiss Francs as holding accounts
  • Application Fee US$100
  • FATCA Fee applies to accounts that fall within reporting criteria US$250
  • Monthly service charge US$12.50
  • Minimum opening balance US$500
  • 24 hour online access to account information and Quarterly Account Statements

Contact us to set-up your Foreign Currency Account today

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