What is the interest rate on loans from EGFL?

The interest rate varies between 3.75% per annum to 7.5% per annum, depending on the type funding provided.  These rates are variable except on financing for small hoteliers that are members of the Small Hotels of Barbados Inc (SHBI).  Funding provided to members of SHBI is at a fixed rate.  Interest is calculated on a reducing balance basis.

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