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Easter is far from over! For us at Republic Bank, we are celebrating Easter till end of May.

We have introduced our Easter Loan Sale to offer you a wide variety of reasons why you should take our cheapest interest on personal and business loans and make your dreams happen.

Loan Types

  • Personal loan
  • SME Loan

Personal Loan

Why you should apply

  • Get unlimited amount
  • Same day approval
  • Opportunity to transfer and consolidate your loans with us
  • Opportunity to top up your existing loan with us
  • No need to be a Customer to apply

Targeted Customers

  • Salaried employees of both Public & Private Sectors
  • High Net worth Individuals
  • Corporate CEOs and Directors
  • Senior and Middle Level Management and other Professionals.

Click here to apply

Personal Loan Qualification

Income Profile

Income Bracket

(GHC)

Maximum Loan Amount

 

Debt to Income ration

Interest Rate

Reducing Balance

Loan Tenor

(in Months)

Platinum

≥10,000

Unlimited

50%

20%

60

Gold

7,000 to 9,999

Unlimited

50%

20%

60

Silver

3,000 to 6,999

Unlimited

50%

20%

60

Bronze

800 to 2,999

Unlimited

50%

20%

60

 

ELIGIBILITY

  • Applicants must be permanently employed, completed probation and confirmed as permanent staff.

MORATORIUM

  • Republic Bank customers with salary assigned to the Bank can opt for a moratorium of up to 3 months.
  • For CLC Loan customers who have initiated the process to switch salary from Competitor Bank to Republic Bank, a moratorium of up to 3 months may be granted.
  • For TPRS deduction at source a moratorium of 2 months apply.

GUARANTOR REQUIREMENT

  • Private Companies
    1. 1 Guarantor required if his income is 20% higher than that of Applicant.
    2. 2 Guarantors required if the income of both is at least 20% higher than applicant salary.
    3. Guarantors are required to provide recent 3 months’ payslip.
  • Government Workers
    1. No Guarantor required for applicants who have worked for MORE than 3 years with government.
    2. 1 Guarantor required for applicants who have worked for LESS than 3 years with government.

 Click here to apply

SME Loan

Maximum Loan Amount

Interest Rate

Reducing Balance

Loan Tenor

(in Months)

Up to GHS 1 million

Or

unlimited

24%

60

 

CAMPAIGN MECHANICS – SME LOANS

  • Management accounts to be accepted for credit facilities below GHS500,000.00
  • Processing and facility fee 1% each 
  • 30% cash collateral allowed on case by case basis 
  • Reduction in interest rate by 1% for full cash backed facilities 
  • Tenure of up to 5 years (to cater for vehicle / equipment financing etc) 

Click here to apply

LOAN CALCULATOR