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REPUBLIC BACK TO SCHOOL LOAN

Worried about where to find money for their school fees? Worry no more. At Republic Bank, we are offering you unlimited loam amount to pay school fees or any pressing needs you have.

Purpose of Loan

  • For payment of Dependants’ School Fees
  • For payment of Self Development (Professional or Academic) Fees
  • As a Personal Loan to cover other pressing needs

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.

Back To School Loan Qualification

Income Profile

Income Branch

(GHC)

Maximum Loan

offer

Interest Rate

(Reducing Balance)

Repayment Period

(in Months)

Platinum

>10,000

Unlimited

20.00%

          Up to 64

Gold

7,000 to 9,999

Unlimited

20.00%

Up to 64

Silver

3,000 to 6,999

Unlimited

21.00%

Up to 64

Bronze

1,200 to 2,999

Unlimited

21.00%

Up to 64

 

Back To School Loan Qualification Conditions

  • Complete Application form at any of our branches or initiate your application on our website (Click here to initiate online application). 
  •  ID card – Driver’s License / Passport / Voter ID – to verify date of birth and nationality
  •  Latest three months pay slip (Original) – to verify Net Salary
  •  Last 6 months’ Bank statements (where applicable)
  •  Employer’s letter of Undertaking
  • Proof of residence i.e. Tenancy Agreement or Utility bill / Directional Map
  • Completed Personal Reference Form   – Form available at any of our branches
  • Guarantor(s)
  • 1 Guarantor required if his/her income 20% is higher than that of Applicant.
  • 2 Guarantors required if the income of each guarantor is the same as that of Applicant.
  • Guarantors are required to provide statement of net worth. 

Exemptions for Government Workers/Workers paid by Controller and Accountant General

  • No Guarantor required for customers who have been in government employment for MORE than 5 years.
  • 1 Guarantor required for customers who have been in government employment for LESS than 5

Click Here to Initiate Online Application

LOAN CALCULATOR