➢ Limit for new vehicles increased from $100,000 to $120,000
➢ Reduction in interest rate to 6% on vehicles younger than 4 years
➢ Reduction in interest rate from to 8% on vehicles 4-6 years
➢ Interest
Mortgages
ADJUSTABLE-RATE
MORTGAGES
; Granted for periods in excess of 120 months. May be fixed at an initial lower rate of 3.5% for the first three (3) years.
Consumer Loans
Computer, Equipment, Wedding, Funeral, Education, Medical, Bill Payment, Household Furniture/Appliances; Interest rate reduced to 10%.
Interest rate on Travel Loans Reduced to 10%
Telephone: 1 246 847 -6633
To Our Valued Clients,
We are happy to announce the commencement of our development at Sunset Haven Oughterson St. Philip. A mixture of beautiful Single Story Homes as well as Two Story Homes are available for this project! Samples of our Two Story Models have been completed at our renowned Southview Development. Similarly, our Single Story Models can be viewed at our Aerowoods, Gemswick Development.
Obtaining your home is a major step and the Caribbean Housing Solutions family is delighted that you have considered us.
To make the process as simple and as stress free as possible, the following is a checklist of what you need.
✓ A Mortgage Certificate
✓ View the location to ensure it is ideal
✓ Select TWO preferred LOT Number Options
✓ Select your desired design
✓ A Refundable DEPOSIT to secure your LOT: Single Story Homes: $2500.00 Two Story Homes: $5000.00
AdditionalInformation
• Once the above steps are completed, a member of our Administrative Staff will contact you for a brief discussion on your prices.
• Attached to this document are various house designs and floor plans for your perusal.
• Additionally, provisions are in place for a CommercialSpacewhere we intend to offer amenities such as a gym, restaurant, supermarket, play park, daycare center, doctor’s office and pharmacy.
1. Information pertaining to our developments can best be found on our website - https://hopebarbados.com. Also note that all applicants should satisfy the following requirements:
a. 18 years or older
b. Resident/citizen of Barbados
c. Employed for no less than two (2) years (without significant gaps)
d. Earn no more than BBD $6000 (NET) per month
i. NET pay is calculated as gross pay less statutory deductions.
e. First time homeowner
2. Applications are submitted online, and the following documents need to be uploaded to complete the application:
a. 2 forms of ID
b. Job letter
c. Proof of Address
d. Last 3 months of pay slips
e. Mortgage Certificate
3. If the applicant is applying with a co-applicant, that person also needs to satisfy the pre-requisites and submit an application.
Affordable Vehicles
2019 Suzuki Swift 2019 Chevrolet Equinox
2020 Suzuki Ertiga
SUMMARY OF LEASE REQUIREMENTS FOR REGISTERED BUSINESSES / ENTREPRENEURS
Financial Information Required
The following information is required to ensure that your lease repayments do not present an onerous burden:
1. Financial Statements / Proof Of Income
o Contracts; Invoices; Receipts; Letters of reference
2. Detailed Business Bank / Credit Union Statement (For The Preceding Six (6) Months)
3. Certificate of Registration of the Business’ Name
4. Valid Driver’s License (s) (Front & Back)
5. Identification Card (Front & Back)/ Passport
6. Recent Proof of Residence (Within the last 1 month)
7. Company Stamp / Seal ( If Applicable )
o Upon Delivery of Vehicle / Equipment
Summary of Lease Terms
The vehicle remains the property of Simpson Finance Limited for the duration of the lease.
Providing that all financial requirements have been met at the end of the lease, the contract will be terminated and the vehicle released to the lessee.
All servicing and repairs are to be performed by Simpson Motors at the customers’ expense.
Please note the aforementioned points are not exhaustive, and a comprehensive understanding of the lease can only be attained by studying the lease contract.
*Please contact one of our Finance Officers at 417-7777 should you have any queries or would like to schedule your interview for financing.
SUMMARY OF LEASE REQUIREMENTS FOR RETIRED INDIVIDUALS
Financial Information Required
The following information is required to ensure that your lease repayments do not present an onerous burden:
1. Identification Card (Front & Back) / Passport
2. Valid Driver’s Licence (s) (Front & Back)
3. Doctor’s Certificate (if over 70 years)
4. Pension Income Documents
5. Evidence of Secondary Income (where applicable)
6. Detailed Bank / Credit Union Statements (For Preceding Three (3) Months)
7. Recent Proof of Residence – (Within the last 1 month)
NB: In the event applicant is self-employed, proof of income is to be submitted in the form of invoices and /or receipts as well as bank statements for a three (3) to six (6) month period.
Summary of Lease Terms
The vehicle remains the property of Simpson Finance Ltd for the duration of the lease.
Providing that all financial requirements have been met at the end of the lease, the contract will be terminated and the vehicle released to the lessee.
The vehicle is to be maintained by the customer. All servicing and repairs are to be performed by Simpson Motors Ltd. at the customer’s expense.
Please note the aforementioned points are not exhaustive, and a comprehensive understanding of the lease can only be attained by studying the lease contract.
*Please contact one of our Finance Officers at 417-7777 should you have any queries or would like to schedule your interview for financing.
SUMMARY OF LEASE REQUIREMENTS FOR INDIVIDUALS
Financial Information Required
The following information is required to ensure that your lease repayments do not present an onerous burden:
1. Letter of Employment / Contract of Employment
2. Recent Pay Slips
3. Valid Driver’s License (Front & Back)/ Permit
4. Identification Card (Front & Back) / Passport
5. Detailed Bank / Credit Union Statement (For Preceding Three (3) Months)
6. Recent Proof of address (within the last 1 month)
Summary of Lease Terms
The vehicle remains the property of Simpson Finance Limited for the duration of the lease.
At the end of the lease, the vehicle can become the property of the customer.
The vehicle is to be maintained by the customer, all servicing and repairs are to be performed by Simpson Motors at the customers’ expense.
The above points represent the main aspects of the lease. They are not exhaustive however, and a complete appreciation of the lease can only be gained by studying the lease contract.
*Please contact one of our Finance Officers at 417-7777 should you have any queries or would like to schedule your interview for financing.
Choosing a Broker
When
choosing your insurance partner, it is advised to select a Broker with the necessary capabilities, resources, team expertise and renowned renewal strategies to support your business.
While the opportunity to get numerous market quotes may seem attractive. It is best to select a broker first. This should be based on capabilities, resources, team expertise and renewal strategy. Key considerations are:
• Market selection – This should be part of your overall strategy, not a lottery of who goes where. No matter how good a broker is, they cannot tell you with certainty who the winning insurer will be before the process starts. Therefore select a broker before looking at the insurer.
• Incumbent Insurers/markets – Based on the relationship with existing insurer we recommend staying with your incumbent market and focus on improving the relationship, coverage and program structure.
• Grooming of bench market – Grooming the insurance market – With every renewal you should groom the insurers that participated in the renewal process, allowing them the opportunity to prepare for next time. If the client is with a losing broker, this won’t happen and the client will lose a great opportunity to forge a future relationship.
• Broker investment – When we are the chosen broker, we become your partner, investing more time, resources and analytics to tell your story.
• Broker services – There is more to choosing a broker than insurance placement. Service, team experience, claims and loss control resources and cost are examples of possible differentiators.
• Consistent message – Every renewal has a story; a consistent focused message from you and your broker gives the market a positive input. This partnership is best achieved with the relationship of a strong broker that understands your business.
• Mutually agreed hurdles, strategies and execution – Every broker has their own ideas and sending mixed messages as part of the renewal will not provide the best results. Choose a broker whose strategy, talent and approach resonate with you the most.
• Ease of use – Juggling multiple proposals is time consuming and confusing. Comparing multiple options is a significant value your broker brings to you and is included in your service. Subtle nuances in coverage or program design may be difficult to understand and may result in you choosing the wrong program.
Gallagher is happy to provide you with a strategy for developing fully formed insurance program. This process will allow you to determine who is the best broker suitable to represent your organisation–providing you with an optimal program.
We take smarter care of your risk so you can take better care of your business.
PIONEER MOTORS
The vehicles* and our rates to BDF are:
2022 Blue Nissan Note $45,500
2023 Silver Suzuki Swift $47,000
2020 Red Toyota Corolla $49,000
2022 Black Nissan Aura $49,000
Documentation for the loan process can be forwarded to us and we can recommend a finance company but this is optional as documents can also be sent directly to the finance company that personnel may choose to work with.
The documents required are:
(a) a recent job letter
(b) 3 months pay slips
(c) Barbados ID
(d) driver's license
(e) utility bill showing proof of address
(f) a Pioneer Motors Invoice for the vehicle (supplied by PMI)
(g) a recent valuation of the vehicle (supplied by PMI)
*Please note that the sale of vehicles is fluid and that all of the vehicles mentioned above are subject to availability at the time of the event.
