What Are Development Loans?
Our Development Loan facilities are designed to finance medium to long-term projects that contribute to national and community growth. Whether you’re a smallholder farmer, agribusiness, entrepreneur, or government institution, we provide flexible financing solutions tailored to your project needs with competitive interest rates and manageable repayment terms.
Loan Tenure: Up to 5 years | Purpose: Capital projects, infrastructure, agriculture, and community development
Types of Development Loans
General Project Financing
Support for capital projects including road and building construction. Ideal for development organizations and construction companies.
- Road construction & improvement
- Building construction
- Infrastructure development
- Community facilities
Agriculture Development Loans
Tailored financing for smallholder farmers, agribusinesses, and agricultural cooperatives to enhance productivity and growth.
- Farm equipment & machinery
- Crop production financing
- Livestock development
- Agricultural cooperatives
Mortgage Loans
Financing for the construction or acquisition and purchase of homes. Accessible to individuals and families seeking homeownership.
- Home construction
- Property acquisition
- Home improvement
- Long-term repayment terms
Micro & Small Business Development
Financing for small businesses with capital sizes between US$25,000 to US$50,000 (and LRD equivalent) for expansion and development.
- Capital: $25,000 – $50,000
- Business expansion
- Equipment purchase
- Working capital
Infrastructure Development Loans
Specialized financing for large-scale infrastructure projects including roads, bridges, and electrification initiatives.
- Road & bridge construction
- Electrification projects
- Water supply systems
- Public infrastructure
Other Medium & Long-Term Loans
Extended financing for up to five (5) years to support qualified development projects not covered by specific categories.
- Custom project financing
- Up to 5-year tenure
- Flexible terms
- Specialized projects
Competitive Interest Rates
10% – 14.25%
Per annum
10% – 14%
Per annum
Note: Exact rates depend on project risk assessment, collateral type, loan amount, and current market conditions. Contact our loan officers for customized rate quotes based on your specific project.
Key Loan Requirements
To ensure transparency and facilitate quick approval, we require the following documentation:
Documentation
- Site assessment
- Bill of Quantity (BOQ) or Cost Estimate (CE)
- Construction contract (where applicable)
- Board Resolution (where applicable)
- Articles of Incorporation
Financial & Planning
- At least 3 years financial forecast
- Property/collateral Appraisal
- Insurance documentation
- Principal Officers/Management Team Experience
Regulatory & Collateral
- Permits from Ministry of Public Works (where applicable)
- Collateral (Real Property, Leasehold, etc.)
- Valid identification
- Business registration (for entities)
Application & Approval Process
Application Submission & Document Verification
Site Assessment & Appraisal
Credit Appraisal
Approval & Disbursement
Ready to Finance Your Development Project?
Let LBDI Bank be your partner in growth. Our experienced loan officers are ready to discuss your project and help you secure the financing you need.
