It is an installment loan for existing crreditworthy customers of the Bank who receive regular monthly net income of at least GH¢100.00
(a) Purpose:
Consumer durables, furniture, land purchases, school fees, rent advance, medical bills and holiday. The loan is not for speculative purpose such as; starting a business or speculating on the stock market.
(b) Target Customers:
- Customers of the Bank
- Investors in Republic Managed Funds
- Current and old mortgagors whose title documents are in the custody of the Bank
- Individuals with minimum net salaries of GH¢100.00
(c) Terms:
Minimum Loan Amount: GH¢ 500.00
Max Loan Amount: GH¢ 15,000
Loan Term: Max – 24 months