Effective December 1, 2022, Clarien will be adjusting its Bermuda Dollar base lending rate by 50 basis points (0.50%) and the USD Prime base lending rate by 75 basis points (0.75%) following the US Federal Reserve rate increase on September 21, 2022.

Clarien base lending rates will increase as follows:

BMD$ Increase from Increase to
PERSONAL LOANS 5.00% 5.50%


USD$ Increase from Increase to
USD PRIME 5.50% 6.25%


Increases in rates are as outlined in the client lending agreement. The Bank will be issuing notices via postal mail to all lending clients regarding repayment details. Notices will also be available to view in your Clarien iBank account.

We continue to work with all of our clients on a regular basis to understand their current financial position. You are encouraged to contact your Lending Officer to discuss the changes to your repayment terms.

Thank you for entrusting Clarien with your lending needs.