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Loans are normally restricted to Bahamian Citizens,
or persons holding permanent resident status, but subject to the
usual bank requirements, it is possible for a non-Bahamian to
obtain a loan in the Bahamas of up to 50%. Applications from
non-Bahamians will be considered but such are subject to the
approval of The Exchange Control Department of The Central Bank of
the Bahamas and the Foreign Investments Board. Applicants in this category should, therefore, ensure that they are aware of Exchange Control conditions prior to or at time of application. The right to require additional security from the non-Bahamian applicant(s) is reserved. |