| Loan for all the things you want in life
Every stage of life is marked by milestones…events and achievements. The key to progressing from one milestone to the other is having access to the tools that will help you reach your goals- to keep you moving successfully to the next stage of life. At Republic Bank we have created our MAKE IT HAPPEN LOANS to take you through each stage of life, as we aim to assist you with the funds you need for the things you want to do. What is a loan?
By definition, a loan is an arrangement in which a lender like us gives money to you our customer, and you agree to repay the money, along with interest, at some future point(s) in time. Why would I need a loan?
Let’s say you would like to make a purchase and you do not have the full amount of the purchase price in cash. You can borrow money from us at Republic Bank and sign a loan agreement, which outlines the following: - Your monthly instalment
- The interest that will be applied to your loan
- The period over which you will repay the loan
- The collateral, if any, that you have pledged to secure the loan.
Why would I take a Make It Happen Loan? - Buying a car
- Home improvements
- Educating your children at University
- Fixing up your car
- Making an investment
- Taking a vacation
- Buying computer equipment and software
- Consolidating existing debts
- Back to school expenses
- Buying appliances
- Wedding expenses
- Maternity expenses
- Professional expenses
- Buying furniture
What Documents Do I Need To Start A Loan Application? 1. New Borrowers If you are a new customer to Republic Bank, you’ll need the following documents to complete the application process: - Two (2) forms of identification
- A current Job Letter
- A recent payslip
- A recent Utility Bill
2. Existing Borrowers If you are an existing Republic Bank customer, all you need to complete the application process is: - A recent payslip
- A recent Utility Bill
How Do I Qualify For A Loan?
To apply, you need only meet the following basic requirements: - Applicants must be eighteen years and over (legal majority).
- Two (2) years period of continuous permanent employment.
- Salary/ Income of not less than $2,500.00 per month
- Two forms of valid identifications
What About Monthly Instalments? When you’re completing your application, your Sales Officer will assist you in determining the terms that best suit your financial needs. Use our Loan Calculator to help you determine: - How much you can afford to borrow
- What your monthly payment will be
Why Would I Take A Loan When I Already Have The Money? It's simple. So you can keep your savings and investments growing while you continue to MAKE IT HAPPEN. Perhaps an example will help...
Let's say you have $5,000 in one of Republic Bank's SUITE OF SAVINGS accounts. It's back to school time for your children and you need money to get them ready. Instead of depleting your savings, it may be a good idea to leave your money in that account and take a loan for the things you need to do. How Will I Benefit If I Take A Make It Happen Loan From Republic Bank? - Convenience - access to the widest network of branches and ABMs locally
- Flexibility in amount and timing of payments to coincide with salary.
- Quick decisions.
- Free Auto Transfers on savings or chequing accounts for loan payments.
- Most affordable interest rates.
- Monthly instalments tailored to meet your ability to repay.
- Refinancing and consolidation of debts available.
- Group Life Insurance coverage available at minimal costs (Also available to Co-Borrowers).
- Ability to borrow against your deposits at more attractive rates.
- Establishment of a good credit rating once your loan is properly serviced.
Take a "Make It Happen Loan" from Republic! | 
