Central Bank Rate: 3.00%
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Loan Apps Grenada

10 Verified Lenders • From 9.5% APR

Central Bank Rate 3.00%
Inflation Rate 2.70%
GDP/Capita XCD 11,200
Average Monthly Salary XCD 2,000
Income Tax Rate 30.0%
Average Property Price XCD 350K
Unemployment Rate 18.0%

Loan Types Available

Personal Loans

Interest Rate 9.50% - 12.00%
Loan Amount XCD 500 - 50K
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Business Loans

Interest Rate 7.00% - 10.50%
Loan Amount XCD 1,000 - 250K
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Student Loans

Interest Rate 5.00% - 7.50%
Loan Amount XCD 1,000 - 30K
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Mortgage Loans

Interest Rate 6.00% - 8.00%
Loan Amount XCD 50,000 - 500K
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Auto Loans

Interest Rate 8.00% - 11.00%
Loan Amount XCD 10,000 - 100K
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General Requirements

Age Requirements

18 - 70 years

Residency

Required

Credit Score System

No formal FICO; regional bureau ratings

Minimum Down Payment

15.0%

Top Lenders

ACB

4.4
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Courts Ready Cash

4.4
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FastCash Grenada Ltd.

3.9
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Term Finance (Grenada) Limited

3.8
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QuickLoan

3.8
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Axcel Finance (Grenada) Ltd.

3.7
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Loan Calculator

Monthly Payment XCD 890
Total Cost XCD 10,680
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Verified Expert
James Mitchell

James Mitchell

International Finance Expert & Credit Analyst

Over 8 years of experience analyzing loan markets and banking systems across 193 countries. Helping consumers make informed financial decisions through independent research and expert guidance.

Verified 3 days ago
193 Countries
12,000+ Reviews