March 16, 2020 , Hagatna, Guam. As part of its ongoing commitment to working with customers to lessen the impacts of financial hardships owing to the evolving COVID19 situation, Bank of Guam is offering Financial Relief Programs to regional loan customers for consumer, credit card, mortgage and commercial loans. Loan payment deferments, as well as […]
Tag: Loan
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Housing development loans ready to roll out
The $15 million dollar Housing Development Loan Program (HDLP) is ready to roll out after the signing of Subsidiary Agreements on Wednesday August 28, 2019. Finance Minister Elbuchel Sadang , Palau National Development Bank (NDBP) Chairperson Eberdil Rechebei and Palau Housing Authority (PHA) Managing Director Frida Delmau signed off on the Subsidiary Agreements that establish […]
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Housing Loan bill expected to be signed this week PHA limit up to $60K, NDPB up to $100K
Olbiil Era Kelulau (OEK)’s version of Housing Development Loan Program bill HB 10-108-10, HD2, SD5 was referred back with PD1 version which is expected to pass both houses of OEK today, according to sources. The bill is also expected to be signed into law this week. President Remengesau, in his transmittal letter emphasized the collaboration […]
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Resolution to remove interest from housing development loan mulled
Representational Image A proposed resolution to remove the interest rate of the $15 million loan program for housing development is to be entertained by OEK in their upcoming regular sessions. The discussion is that the government will take care of the interest rate so that the homeowner or borrower will just pay the principal of […]