Make your home value work for you with a Home Equity Loan 


Borrow against the equity in your home to finance home improvements, debt consolidation, investments, major expenses and more.

  • Take advantage of competitive interest rates and repayment terms.
  • Get up to US$500 or local equivalent toward your valuation fees.


Things you should know:

  • Equity in your home is the current market value minus any outstanding loans you may have with us or any other financial institutions on the property. 
  • The equity in your home increases as you pay down your mortgage and as the market value of your home increases. 
  • To determine the equity in your home you will need to obtain an appraisal report to confirm its market value. This report will be requested by CIBC FirstCaribbean at a cost to you. For a limited time only, CIBC FirstCaribbean will contribute up to US$500 or the local equivalent to your valuation cost once your home equity loan is approved and disbursed.  See terms and conditions for more details.
  It's easy to access home equity funds!
Here's an example to show you how it works:
  • Property Appraised Value: $200,000
  • 80% of value: $160,000
  • Mortgage balance: $110,000
  • Difference between 80% value and your
    mortgage balance= $50,000
  • You can borrow up to $50,000


There are differences you will need to understand so you can select the right option for you.


  CIBC FirstCaribbean Home Equity Loan

  CIBC FirstCaribbean Home Equity Line of Credit

  • Borrow a fixed amount given to you in one lump sum and repaid over a set period of time.
  • As you make your monthly payments, the loan balances decreases.
  • An open line of credit with an approved amount that can be withdrawn as needed and used over and over again.
  • Avoid the hassle of submitting a loan application each time you need funds.
  Features and benefits:
  • Competitive interest rate
  • Up to 80% financing
  • Up to 30 years to repay
  • No annual fee
  • Competitive interest rate
  • Up to 65% financing
  • A low annual fee
  • Interest is only charged on the funds you use
  • Easy access to funds through your convenience card, Visa Debit or cheque
  Right for you if:
  • You know how much money you need upfront
  • You have a large one-time expense
  • You want to know exactly when your loan will be repaid
  • You want to know your monthly payments ahead of time
  • If you have multiple expenses spread over a period of time (e.g. tuition payments, home projects, etc.)
  • You have recurring expenses (e.g. tuition fees)
  • If you have a lot of equity in your home and want to use the money towards investment opportunities.


For more information pertaining to our products, please call us toll free at 1 866 743-2257 or speak with a Relationship Manager.


This promotion is valid from 8 March, 2021 to 28 May, 2021

Applicable to all CIBC FirstCaribbean territories except Aruba, Bahamas, British Virgin Islands, CuraƧao and St. Maarten.