Retail Loans

Target Salaried Persons/ Self-Employed Persons
Features Home Improvements, to purchase home furnishings, educational expenses, savings, investments, medical expenses, automobile for personal use, wedding expenses, vacation expenses (airline ticket/accommodations), to consolidate credit card debt, to liquidate credit union debt
Benefits
  • Low interest Rates
  • Borrowing is available from as little as $15,000
Loan Limits No ceiling.
Term Maximum of 5 years to repay
Interest Rate See appendix
Equity Contribution See appendix
Repayment Provisions Monthly amortized payments.
Fees/ Charges
  • 1% of loan amount
  • Min. - $3,000.00
  • Max. - $30,000.00
Insurance Life and disablity insurance coverage for the full value of the loan on the life of the borrower is compulsory.
Special Conditions
  • Documented evidence must be provided in support of application
  • Borrower must provide/show evidence of fixed monthly income
  • Unsecured loans should not exceed a term of two (2) years
  • Duration of motor vehicle loans benefit from a tiered system depending on year of manufacture
How to Apply Visit or call any of the nearest Republic Bank Branches to see a Loan Officer.
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