| Description / Purpose |
- Opportunity to refinance your mortgage with other banks in cedi or USD
- Applicant can also refinance and convert their USD loans with other Banks to cedis with Republic Bank and enjoy lower interest rates.
|
| Target Group |
- Mortgagors with other Banks
- Resident & Non-resident Ghanaians
|
| Max Loan |
Outstanding Loan Balance or 80% of Forced Sale Value |
| Equity / Down payment |
None Required |
| Max Term |
USD = 15 years, GHS = 15 years |
| DSR |
USD = 40% , GHS = 50% |
| Joint Application |
Allowed with Siblings, Spouse, Parent or Children |
| Security / Collateral |
- Mortgage over residential property
- Mortgage Life and Hazard insurance
|
| Benefits |
- Opportunity to release equity (cash flows) for other Investments or business capital injection.
- Flexible repayment options
- Competitive Interest Rates
- Credit card bundle
- Mitigate exchange rate risk.
|
