Home Equity Loan
A home equity loan is a type of loan in which the borrower uses the equity in their home as collateral.
Home equity loans are often used to finance major expenses such as home repairs and improvements, medical bills or college education.
Apply for a Home Equity Loan online or by visiting one of our branches and speaking to one of our mortgage specialists.
How is repayment calculated?
Monthly repayments are calculated based on two values: Repayment on principle and on interest. Your repayments will cover the interest and a small amount of the principle at the beginning and by the time the loan gets smaller your repayment will cover higher amounts the principle and a small amount of interest.
Bring the following to your appointment:
* Please note that specific documents and conditions are applicable to open a non-resident account. Call our Contact Center at 527 7777 for more information.
Aruba Bank Mortgage Specialists are ready to assist you at all our branch locations!
During business hours:
Aruba Bank Contact Center: (+297) 527-7777