Your ideal house may become a reality. If you want to buy, build, renovate or expand your house, we are ready to assist you by giving professional and personal advice, with a mortgage especially designed for you. We can also refinance your existing mortgage. Your ideal mortgage starts here. With a mortgage from Aruba Bank and a little creativity, you can make your ideal house a reality.
Types of mortgage loans available:
- Annuity Mortgage
- Linear Mortgage
- Life Mortgage
Learn more. Download our Mortgage Booklet.
The annuity mortgage is the most common type of mortgage loan as it offers a fixed monthly payment amount for a fixed period of time. Monthly payments consists of a principle payment and interest payment. Interest is calculated on outstanding balance. While your outstanding balance reduces, your interest payment will also reduce.
The linear mortgage contains a fixed and a variable component. The monthly amount on the capital is a fixed amount and the interest payment reduces as you are repaying the mortgage.
During the tenor of this mortgage, you only pay interest, while you take out a life insurance to save for the principal. The principal will be repaid at once on the due date of the life insurance policy. The advantage of this type of facility is that you will enjoy maximum tax benefit during the complete tenor/ life of the loan.
Do you wish to upgrade your house?
Construct your fence, expand your home, build your pool or just upgrade your home by refinancing your mortgage loan. Refinance offers the possibility to top up your mortgage loan and extend your tenor, if needed. By doing so, you are able to accomplish your dreams at a lower monthly cost. Refinance also offers the option to consolidate loans in order to reduce your monthly payment.
The maximum term to repay your mortgage loan is 30 years or up to the age of 62, whichever comes first.
Expenses related to establishing a mortgage
- Closing fee
- Notary costs
- Transfer taxes (3% for amounts up to AWG 250,000.00.-, for greater amounts 6% is applicable)
- Insurance premiums
Online AccessView up-to-the-minute statements of your mortgage loan with Aruba Bank’s free 24/7 Aruba Bank Online® and the Aruba Bank App®
Bring these documents 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 Contact Center: (+297) 527-7777
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