Saint Lucia 💰 XCD Last updated2026-05-28

Mortgage Calculator Saint Lucia

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Quick answer (Saint Lucia)

A mortgage of 550,000 XCD at 6.75% over 25 years works out to a monthly payment of about $3,800, with total interest of $590,004 over the full term.

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Mortgage Calculator

USD

Home Value

LTV 80% · No PMI ✓

Loan Amount

Interest Rate

Term

Total Monthly

$4,717

PITI

Principal + Interest

$3,800

52% goes to interest

Total Interest

$590,004

over 25 years

Monthly Breakdown

Principal & Interest$3,800

Property Tax (1.1%/yr)$630

Homeowner's Insurance (0.5%/yr)$286

Total Monthly$4,717

Principal vs Interest Split

48% principal

52% interest

✨ Live recalculation·Includes P&I, property tax, insurance. Estimates only — consult a licensed lender for exact rates.

Reviewed by

Aisha Rahman, CFP®, MBA LinkedIn ↗

CFP® with 12+ years in mortgage & retirement planning.

Local context

Mortgages in Saint Lucia

Typical loan

$550,000

in Saint Lucia

Typical rate

6.75% p.a.

prime borrower, 2026

Typical term

25 years

most common

Market overview

Saint Lucia's mortgage market is led by Bank of Saint Lucia (BOSL, a subsidiary of ECFH Group), RBC Royal Bank, and First Caribbean International Bank (FCIB / CIBC Caribbean), with the ECCB providing oversight across the Eastern Caribbean Currency Union. The East Caribbean Dollar peg to the US dollar at EC$ 2.70/USD provides imported monetary stability. Tourism (Sandals, the Pitons) and the Citizenship by Investment Programme launched in 2016 drive significant non-resident property demand in Rodney Bay and Cap Estate.

Why 6.75% is the typical rate

A rate near 6.75% reflects the ECCB discount rate, the USD peg anchoring funding costs to US monetary policy, and competitive pricing among BOSL, RBC and FCIB for the limited residential mortgage book.

Tax & regulatory notes

Property transfers attract a 2% stamp duty on transfer (buyer) plus 2.5% vendor transfer tax (seller), with non-citizens additionally requiring an Alien Landholding Licence costing 10% of property value (the highest in the ECCU). Mortgages are registered at the Land Registry under the Land Registration Act, and BOSL, RBC and FCIB apply ECCB-harmonized LTV limits of 90% for residents and 70% for non-residents. CIP real estate investments require a USD 300,000 minimum approved purchase.

🧮 Worked example

A mortgage of 550,000 XCD at 6.75% over 25 years

Loan amount

$550,000

Annual interest rate

6.75%

Term

25 years (300 months)

Monthly payment

$3,800

Total interest paid

$590,004

Total paid (principal + interest)

$1,140,004

❓ FAQ (Saint Lucia)

Common questions in Saint Lucia.

Is Saint Lucia's ALHL fee higher than other ECCU islands?

Yes, Saint Lucia's Alien Landholding Licence costs 10% of property value, compared to 5% in Antigua and Grenada; this should be budgeted in addition to the 2% buyer stamp duty when planning a non-resident purchase.

Which bank offers the longest mortgage term?

Bank of Saint Lucia and RBC Royal Bank both offer terms up to 30 years for residents on residential mortgages; FCIB generally caps at 25 years and applies stricter LTV for non-resident borrowers.

Can I finance a Citizenship by Investment property purchase?

The USD 300,000 CIP minimum must be paid in full to qualify for citizenship, but BOSL and RBC can finance amounts above that for villa or condo purchases; CIP-approved developers occasionally offer staged payment plans subject to Citizenship by Investment Unit approval.

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