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Worried about where to find money for their school fees? Worry no more. At Republic Bank, we are offering you up to 10x your monthly salary as ‘Back to School Loan’.

Depending on your income level, you can get as low as 13% interest rate flat. Take advantage of the ‘Back To School Loan’ and give your dependants all they need for school.

 

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

Flat Interest Rate

Repayment Period

(in Months)

Platinum

>10,000

10 X Net Income

13.65%

Up to 84

Gold

7,000 to 9,999

10 X Net Income

13.65%

Up to 64

Silver

3,000 to 6,999

10 X Net Income

13.65%

Up to 48

Bronze

1,200 to 2,999

10 X Net Income

13.65%

Up to 48

 

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