LOAN REQUIREMENTS
BANCO POPULAR
LAS TERRENAS, SAMANA PENINSULA, DOMINICAN REPUBLIC
8 November, 2007

With Cedula (residency card):

1. Bank statements from last year (not required if banking with Banco Popular)
2. Passport
3. A letter from purchaser asking for the loan
4. Met Jaime the bank manager
5. Financial statement from accountant showing Net Worth
6. Appraisal done by bank appointed appraiser. Bank Manager accompanies. (+/- $150.00 USD)

Without Cedula: all the above plus…

1. Last income tax statement
2. International credit report from TransUnion (´Express¨ prices are more)
1. United States                US$  20.00
2. Europe                                US$180.00
3. Spain                                US$100.00
4. Latin America                US$125.00
5. Caribbean                US$250.00

Banko Popular loans 80% of the value of the property so expect to pay 20% down
Interest rate at time of this writing is 9.0% USD and 13.95% Peso
This is for a 20 year note