Grenada Development Bank review
Updated October 12, 2026 · SumCue Editorial Team
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Our verdict
Grenada Development Bank differs from standard mortgage lenders because it combines home lending with development finance for agriculture, business and education. It is a development bank that supports households planning construction and climate resilient homes alongside ongoing family financial guidance.
Key facts
- Best for
- Households planning construction and climate resilient homes
- Maximum loan to value
- 100%↗
- Purpose
- Purchase↗
- Legal entity
- Grenada Development Bank↗
- Headquarters
- Grenada↗
- Founded
- 1965↗
- Support channels
- Email, Phone, Help-centre↗
- Official website
- grenadadevelopmentbank.com
Facts checked September 26, 2026, 3 sources
Apps and profiles
Pros and cons
Pros
- Provides home mortgage loans alongside loans for business, education and energy efficiency
- Supports climate resilient homes and energy efficiency improvements for households
- Offers professional guidance to households facing financial decisions about homes
- Lists acquired residential properties for sale alongside its mortgage lending
Cons
- Focuses mortgage lending around construction and resilient homes rather than broad choice
- Serves development purposes that extend beyond mortgages, which narrows its specialisation
Who it suits
- Households planning home construction
- Families seeking climate resilient housing guidance
Who should look elsewhere
- Borrowers seeking mainstream purchase lending only
How Grenada Development Bank compares
Where Grenada Development Bank is available
- Available
- Grenada
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What mortgage lending does Grenada Development Bank provide?+
Grenada Development Bank provides home mortgage loans with attention to construction and climate resilient homes. It supports households that want to build or strengthen a home rather than purchase existing stock only.
How does the bank support home construction?+
The bank supports construction costs for homes and encourages climate resilient housing. Energy efficiency loans are also part of its housing related finance for households improving their properties.
Which other loan types does the bank cover?+
Beyond mortgages, the bank funds business loans, contractors credit and a business reactivation facility. It also provides regular student loans, special student loans and work study student loans.
Does Grenada Development Bank offer properties for sale?+
The bank lists acquired residential properties and other items for sale. Households interested in those properties can ask the bank for further information about loans and financial advice.
Which company operates Grenada Development Bank?+
Grenada Development Bank is operated by Grenada Development Bank. (Source, checked September 26, 2026)
Where is Grenada Development Bank based?+
Grenada Development Bank is based in Grenada. (Source, checked September 26, 2026)
When was Grenada Development Bank founded?+
Grenada Development Bank was founded in 1965. (Source, checked September 26, 2026)
Sources
- grenadadevelopmentbank.com/background.html checked September 26, 2026
Backs: Founded, Headquarters, Legal entity
“the successor to the Grenada Agricultural Bank, originally established in 1965”
- grenadadevelopmentbank.com/home-mortgage-loan.html checked September 26, 2026
Backs: Maximum loan to value, Purpose
“The maximum loan can be given with 100% financing, but subjected to once we can obtain our loan to value ratio.”
- grenadadevelopmentbank.com/index.html checked September 26, 2026
Backs: Support channels
“CONTACT Email: [email protected] Phone: [+1 (473) 440 2382]”
Compiled from 3 source pages, checked October 13, 2026. We did not open an account.
Not confirmed yet: Initial rate, APRC, Fixed period.
Grenada Development Bank
Households planning construction and climate resilient homes