Persons seeking residential mortgage of values above G$8M for the purpose of purchasing or building a house.
Persons seeking to renovate /extend owner occupied properties
To purchase, construct, renovate or extend residential property.
Tiered interest rates which encourage borrowing at the lowest rate of interest
Extended payback period
For purchase/ construction of property maximum 30 years or term to
retirement, whichever is less.
7.45% per annum for amounts up to $10,000,000
8.75% per annum for amounts over $10,000,000 up to $12,000,000
11.0% per annum for amounts over $12,000,000
For purchase/construction a minimum of 10% of the purchase price/cost
of construction. For construction purposes, the market value of the
land can be taken into consideration.
For renovations/extensions – none required.
Monthly amortised payments. While monthly instalments are preferred,
in specific instances based on the nature of the business and the
frequency/timing of the cash flows, the payment can be structured as
necessary such as quarterly/semi-annually etc.
Up to $8,000k 0.5% of loan amount
$Min. - $6,000.00
Max. - $20,000.00
Over $8,000k 0.5% of loan amount
Max. - $155,000.00
Life Coverage for the full value of the loan on the life of the borrower(s)
Loans shall be secured by a mortgage on the same house and land for
which the loan was granted.
Mortgages will be established, utilizing the following:
Registered Declaration of Title
Certificate or document of absolute title under the Lands
Lease for a term of not less than forty years
How to Apply
Visit or call any of the nearest Republic Bank Branches to see a Loan Officer.