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This is a good time to start planning on how you are going to spend the festive season. What’s your dream? Would you want to buy that brand new car or surprise your family and loved ones with a treat? What about a new look and feel of your home or perhaps, injecting more capital into your “side” business. Whatever your dream maybe, the Republic Bank Christmas Loan is here to make it happen.

We, at Republic Bank have introduced our Christmas Loan Sale to offer you a wide variety of reasons why you should take the cheapest loan on the market and make your dreams happen.


Loan Types

  • Personal loan
  • Vehicle Financing Loan

Why you should apply

  • Get unlimited times Salary as a loan
  • Enjoy ultra low interest rates
  • Get further discount of your interest rate if you open a deposit account with us
  • Get 24 hours turnaround time
  • You also have the opportunity to consolidate your loans with us (transfer from other Financial Institutions)
  • Enjoy 3-months Loan Deduction holiday – 3 month moratorium
  • You have the opportunity to top up your existing loan with us
  • For Government workers with more than three years on the job, you need NO guarantor to access the loan


Added Benefit

  • You stand the chance of winning for yourself Samsung Television, Smart Phone, Smart Watches and other exciting freebies


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

Income Bracket


Maximum Loan Offer Interest Rate (Reducing Balance Method) Maximum Salary into Loan

Repayment Period

(in Months)

Platinum ≥10,000 Unlimited 20.75% 45% 60
Gold 7,000 to 9,999 Unlimited 20.75% 40% 60
Silver 3,000 to 6,999 Unlimited 20.75% 40% 48
Bronze 800 to 2,999 Unlimited 20.75% 40% 48

Click here to apply online

Download Christmas Loan Sale form here



Customers who apply for loans and open Deposit Account with the specified minimum balance receive a discount Interest Rate as follows:

  • GHS1,000 Deposit throughout the tenor of the loan: 0.25% Discount on Rate, i.e. 20.50% (reducing balance method).
  • GHS5,000 Deposit throughout the tenor of the loan: 0.50% Discount on Rate, i.e. 20.25% (reducing balance method).
  • GHS10,000 Deposit throughout the tenor of the loan: 0.75% Discount on Rate, i.e. 20.00% Flat (reducing balance method).



Vehicle Finance Loan Qualification

Types of Vehicles

  • Brand New Vehicles
  • Vehicles with manufacturing year NOT ABOVE 4 years
Conditions Details                                       
Bank Financing Brand New Vehicle               90% Bank Financing  (100% financing for Premium)
Vehicle age 1 –  4 years         85% Bank Financing
Maximum Loan Amount(payable) Income  above  GHS10,000  –  45% of  net Salary times loan tenor
Income less than GHS10,000 – 40% of net salary time loan tenor
Maximum. Tenor Brand New Vehicle                  60 months
Vehicle age 1 –  4 years            48 months
Interest Rate 20.75%   (Reducing Balance Method of Calculation)
Security 1.      Irrevocable assignment of borrower’s salary
2.      Legal charge over the vehicle being financed
3.       Comprehensive insurance over the vehicle with Republic Bank named as loss payee


Christmas 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 Christmas Loan Sale form here