Consumer Loans

As part of the Bank's support to its member countries, one of its products is consumer loans. Its objective is to contribute to improved standard of living and quality of life of citizens of member countries through direct financing of a wide range of secured and unsecured loans to consumers for personal, family and household purposes. Following are the specific general information about our consumer loans.

Minimum Loan Amount: $500

Maximum Loan Amount: $25,000

Eligible Borrowers: Citizens of PIDB Member countries (Guam, CNMI, Palau, Chuuk, Kosrae, Pohnpei, Yap)

Interest Rate: 12% fixed

Loan Term: 5 years maximum

Eligible Expenses: Purchase of car, boat, recreational vehicle, personal, family, household and education purposes; debt consolidation

Prior Requirements: Copy of purchase agreement, Bill of Sale, Insurance quotation, copy of Title

Collateral Required: May be required on a case by case basis

Loan Fee:

$500.00 - $2,500.00 - $25.00

$2,500.01 - $5,000.00 - $75.00

$5,000.01 - $10,000.00 - $100.00

$10,000.01 - $15,000.00 - $150.00

$15,000.01 - $20,000.00 - $200.00

$20,000.01 - $25,000.00 - $250.00

Closing costs may be taken from the loan