Slider Image

Despite the global Covid-19 pandemic, Christmas is still happening at Republic Bank in our 100 Days of Christmas Loan Sale!

This is a good time to start planning on how you are going to spend the festive season. What’s your dream? Would you want to buy that brand new car or surprise your family and loved ones with a treat? What about a new look and feel of your home or perhaps, injecting more capital into your business. Whatever your dream maybe, the Republic Bank Christmas Loan is here to make it happen.

We, at Republic Bank have introduced our Christmas Loan Sale to offer you a wide variety of reasons why you should take the cheapest loan on the market and make your dreams happen.

Loan Types

  • Personal loan
  • SME Loan

CLICK HERE TO APPLY ONLINE >>>

Personal Loan

Why you should apply

  • Get an 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.

 

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% 19% 60
Gold 7,000 to 9,999 Unlimited 50% 19% 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.

CLICK HERE TO APPLY ONLINE >>>

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.

SME Loan

Maximum Loan Amount

Interest Rate

Reducing Balance

Loan Tenor

(in Months)

Up to GHS 1 million 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 ONLINE >>>

LOAN CALCULATOR