Loan Payment Split

Dear Valued Customer,
We’re getting closer to bringing you a new experience with the conversion to the Republic Financial Holding Limited (RFHL) banking platforms and would like to share with you some very important changes affecting loan instalments.

Critical Changes to Note

Effective October 2, 2023, loan and insurance instalments will be reflected separately in your statement.

For ease of reference, the table below shows an example of how your loan instalment will be applied and shown on your statement for an amount of $1500.00 monthly.

For the period October 2, 2023, until December 31, 2023, there will be no change to your current loan instalment, or to the premium you now pay.

Effective January 2024 however, as a result of an increase in the insurance premiums by insurance provider - Insurance Corporation of Barbados Limited (ICBL), your current insurance premium will correspondingly increase.

We will share further details pertaining to the insurance premium increase and options for payment in a separate communication with you very soon.

We are happy to answer any questions that you may have, please email us at conversion@rfhl.com or call us at 227-2700 for more details.

Sincerely,

Anthony Clerk
Managing Director & CEO
Republic Bank (Barbados) Limited