Republic Bank is offering a 3-IN-1 Master Loan Scheme to cover all Government workers, Parastatals and selected Private Companies in the following categories:

  • Government workers on the payroll of the Controller and Accountant Generals Department including Public Service, Civil and Local Government Service, Ghana Health Service, Ghana Education Service, etc.
  • Security Services including the Ghana Armed Forced, Ghana Police Service, etc
  • Subvented Agencies including DVLA, EPA, Ghana Standards Authority, FDA, SSNIT, Cocobod,
  • Public and Technical Universities
  • State Own Enterprises including Graphic Corporation, GNPC, Goil, VRA, ECG, GhanaGas,
  • Large-scale Government of Ghana Public – Private Partnerships (PPPs) such as Meridian Ports Services (MPS).
  • Any other government institution that draws salary from the consolidated fund.
  • Selected  Institutions Click here for more information

A selected number of multi-national companies and indigenous private companies are eligible under the scheme.

The Master Loan Scheme consist of 3 banking products: Personal Loan, Auto Loan, and Mortgage.

Staff of the aforementioned institutions can apply for one product or a combination of the three subject to the applicant’s Debt Service Ratio (DSR).

Terms Mortgage Personal Loan Car Loan
Maximum Loan Amount GHS140,000 Unlimited Unlimited
Interest Rate 11.9% per annum 20% per annum 21% per annum
Debt Service Ratio Up to 50% Up to 45% Up to 50%
Tenor 20 Years 5 Years 6 Years
Bank Financing 100% 100% 90%
Downpayment 0% 0% 10%



The Loan repayment method for the Master Loan Scheme include:

  • Salary Account with Republic Bank and
  • TPRS Deduction at Source



Government Workers can apply for a Mortgage solely or jointly with their spouse under the Civil and Public Sector Mortgage Scheme to benefit from the subsidised 11.9% per annum Interest Rate. This mortgage covers maximum loan amount of GHS140,000. Any amount in excess of GHS140,000 will be financed at the Bank’s standard mortgage rate of 24% per annum or from the borrowers personal resources.

Property Locations: Only Properties from approved developers in, Kasoa, Kwabenya, Tema Community 25, and other locations to be added.

Requirements for the 3-IN-1 Scheme

  • Completed Personal Loan Application Form
  • Copy of any National ID card: Drivers Licence, Passport, Voters ID.
  • Recent Three (3) months’ Payslips for both Applicant and Guarantor (if applicable).