Mortgage Loans

Whether you are young couples to look for your first home or families who invest in property, it is always a ‘dream come true’ when it comes to property purchasing. Our loan specialists can help you get started.



  • fix and reasonable rate is offered
  • loan terms can be adjusted according to clients’ request
  • rapid processing
  • Free to choose your own notaries and evaluators
  • grace period can be offered
  • receive professional advices from our loan experts


Rates & costs

12.00% – 15.50% 10.00% – 13.00% 10.00% – 13.00%


To help you avoid any unwanted surprised along the way, budget on paying the following costs:
Fees Explanation
Loan Administration Fee This establishment fee covers the preparation of your loan application documentation, legal fees and sales duty to government.
Evaluation Report Fee An evaluation report is required for a mortgage loan application and it has to be done by an official evaluation agent. Consult our bank specialist if you require a recommendation on an official property evaluation agent.
Notary Office Fee You will need to appoint a notary office to complete the purchase of your property and the mortgage application. This notary office fee includes the working cost, inspection cost of notary, legal and conveyance fees etc. For more detail, you can consult your notary office.
Government Fees The price of your property will determine how much you pay for stamp duty and land transfer fees etc. Usually the notary offices offer an additional service to settle the government fees for their clients.
Fire Insurance Accidents don’t just happen to other people. Most banks will require you to purchase fire insurance for your property during the mortgage period, protecting you from financial devastation.
Life Insurance (Optional) It is strongly recommended to the loan applicants because we know life is full of unexpected. You would like to protect your family members as much as possible, at least protecting them away from the repayments of the mortgage. Life insurance would be your option.

How to apply

After reading the useful information given by Southern Commercial Bank, we are sure you have the basic ideas on applying a loan with suitable rate and term periods. Here would be the lending process to help you along to receiving money.
  1. Consult our experts – Book an appointment with our loan experts or visit our bank. To help speed things along, be sure to bring all the necessary paperwork.
  2. Full application – We will assess your situation and advise if any additional documentation is required. With all the required documents, the bank will require approximately 1 week to decide the approval of the loan application.
  3. Loan request approval – you will be advised when your loan is formally approved.
  4. Conveyance – We will then forward the relevant paperwork to your notary officer, insurance agent etc for processing. Before the settlement stage, you will require to provide us a copy of your fire insurance (if necessary)
  5. Settlement – On the settlement day, you will be required to sign the documents at the notary office, and the arrangements at the bank. Once the process is done, you will receive the loan funds immediately from the bank.

Now you are familiar with the lending process already, it is the time to make your first start, by making an appointment with our expert team here

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Home Owner

1st class mortgage advice, couldnt have done it with out Southern Commercial Bank.

Sander Anderson

Business Owner

Great rates, and peace of mind security for my company. Thank you for the help & honest advice.

Amal Pakesh

Student Learner

My overdraft facility enabled me to complete my education, all thanks to the banking staff.

Anita Chin

Contact Us

Tourtonnelaan #33, Paramaribo Suriname

Tel: +597 474532 / 474533

Fax: +597 474539