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Banking, Currency and Mortgages
St. Lucian banks have a full range of banking and foreign currency
services. Cash in local currency can be obtained by credit cards
or bank cards through the ATM machines located at most banks.
Normal banking hours are from 8:00AM to 2:00PM and banks are
open until 5: 00PM on Friday. Banks at the Rodney Bay Marina
are also open from 8:00AM until 12:00 noon on Saturday.
Currency and Exchange Rate
The unit of currently used in St Lucia is the Eastern Caribbean
Dollar (EC$) but a wide range of currencies such as US$, Canadian
dollar, French francs, British pounds and German Marks are freely
convertible in our banks. The EC dollar is fixed to the US dollar
at the rate of US$1.00 = EC$2.70 and varies in value along with
it against the other world currencies.
Mortgages for Non-Residents
Local banks in St Lucia offer mortgages to non-residents for buying
both residential and commercial properties. Currently the interest
rates are low as LIBOR + 3% (currently 8%) and is available for
up to 60% of the purchase price. The maximum term is 20 years.
The minimum borrowing is US$250,000.00 and the maximum is US$1.5M.
Renovation, new build and land infrastructure cost can also be
considered. If you would like further information please complete
our enquiry form.
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