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The Easter Loan Sales is an exciting offer designed to boost the uptake of our personal loans (specifically Salary and Auto Loans) by existing customers and new customers this Easter.

We all know that the best way to finance Easter is to plan ahead and save for it. However, it’s not always possible. That is why we have introduced this Loan Sale at this time of the year so you can take advantage of and achieve all your wish list.

Loan Types

  • Personal loan

Why you should apply

  • Loan amount is unlimited
  • Enjoy the cheapest interest on loan
  • Enjoy a longer repayment period
  • Switch your account and get 3 months loan deduction holidays
  • You have the opportunity to top up your existing loan with us.
  • You also have the opportunity to consolidate all your loans with us (transfer from other Financial Institutions)

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

Maximum Loan Offer

Max. % of income into Loan

Interest Rate
(Reducing Balance

Repayment Period (in Months)

Platinum

≥GH10,000

Unlimited

45%

20%

60

Gold

GH7,000 to GH9,999

Unlimited

40%

20%

60

Silver

GH3,000 to GH6,999

Unlimited

40%

21%

60

Bronze

GH1,200 to GH3,000

Unlimited

40%

21%

60

 

Easter Loan Qualifications Conditions

  • The facility is available to only permanent employees with at least two years employment with the employer.
  • The customer should not be above the statutory retiring age except for Article 70 Office Holders
  • Salary payment to be routed through Republic Bank Ghana
  • Satisfactory credit checks.
  • No criminal record.
  • Life and Disability Insurance.
  • Undertaken from Employer
  • Guarantors will be required
  • Guarantor(s) General Requirement
    1. 1 Guarantor required if Guarantor income 20% is higher than that of Applicant.
    2. 2 Guarantors required if the income level of both Guarantors is at least 120% of applicant’s net salary.
    3. Guarantors are required to provide recent 3 months payslip.
  • Guarantor(s) for Government Workers – TPRS
    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.
  • Guarantor(s) for Government Workers – SALARY ACCOUNT WITH REPUBLIC BANK
    1. No Guarantor required for customers who have been in government employment for more than 3 years.
    2. 1 Guarantor required for customers who have been in government employment for less than 3 years

Click here to apply online

Download Easter Loan Sale form here

Easter Loan Qualifications Conditions

  • The Facility is available to only permanent employees with at least two years employment with the employer.
  • The customer should not be above the statutory retiring age except for Article 70 Office Holders
  • Salary payment to be routed through Republic Bank
  • Satisfactory credit checks.
  • No criminal record.
  • Life and Disability Insurance.
  • Undertaking from Employer (Click here to download Sample)
  • Guarantors will be required
    Guarantors Requirements
    • One Guarantor required if his/her income is higher than that of the Applicant.
      (Guarantor must have 20% higher net Salary than applicant).
    • Two Guarantors required if the income of each guarantor is the same as that of the Applicant.

Requirement for Guarantors

  1. Qualified Personalities – Guarantors
    • Should be in stable employment (No contract/temporal, probation)
    • Equal or higher income levels than the income of the borrower
    • Preferably a Professional (i.e. Accountant, Doctor, Banker, Clergy, Engineer, Lawyer, etc.)
    • A family member (excluding a nuclear family member).
    • Co-workers with higher income than the income of the borrower.
  2. Disqualified Personalities – Guarantors
    • Persons with poor credit history
    • Unemployed
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