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15 August 2008
Butterfield offers personal loans for school fees

Butterfield Bank (Cayman) Limited is offering personal loans to assist parents in the Cayman community with their 2008-2009 school fees. Customers can apply for a maximum of CI$10,000 to put towards their child’s primary, middle and high school costs, a sum which Butterfield’s lending team say is ideal for up-front payment or deposits for school.


“At Butterfield, we take youth and education very seriously,” states Manager, Personal Lending, Maureen Watler. “Our personal loan service is very comprehensive and there is no better way to invest in the future, than in the further education of your child.”


Although personal loans are routinely used for purchases such as cars, boats, furniture, appliances and vacations, the Butterfield Bank lending team states the loans can also provide a flexible solution for parents struggling with higher school fees. With the cost of living in the Cayman Islands growing ever-higher, putting a down payment towards your child’s education or paying months in advance can be a challenge. 


Loans for school fees come with all the benefits of a Butterfield personal loan including competitive interest rates; no pre-payment penalty and a flexible payment term. The approval process is fast and efficient and, as always, Butterfield Online is available for round-the-clock access to current account information.


“The option of financing school fees with Butterfield can help alleviate cash-flow problems that today’s parent faces,” states Ms Watler. “With the assistance of a personal loan, there can be a surplus of cash to put towards books and supplies. Relieving that financial pressure can allow parents to think about what matters most: their child’s progress.”


There are three Butterfield branches for your convenience: Butterfield Place, Compass and Governors Square. For more information on applying for a personal loan for school fees or for any of our other lending services, call 949-7055.


Media Contact:
Searlina Bodden
Public Relations
Marketing & Communications
Butterfield Bank (Cayman) Limited
Tel: (345) 815-7676 ext. 7032




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