Corporate Lending Products

At Republic Bank, we offer corporate loans and credit facilities to help with all those situations that may arise. We will make the entire process simple and convenient for you. Whatever your business need, we have the loan that can make it happen for you!

• Commercial Overdrafts are extended to business clients e.g. Sole Traders, Partnerships, Limited Liability Companies to assist with their working capital and daily expenditure of its operations. It is a Chequing Account that is allowed to go into debit up to an approve limit. Interest is calculated on the daily debit balance allowing customers to pay according to extent of use.

• Ordinary Loans are loans approved for a sum of money on a case by case basis for an agreed time (short term). The interest charged is linked to the Bank’s Base Rate, calculated daily and payable monthly and in full by maturity.

• Amortized Loans are used for a wide variety of purposes. It is calculated for a fixed monthly payment on principal and Interest with repayment in full at the end of the fix period. This allows the customer to pay interest on the reducing balance.

• Banker’s Acceptance – To finance stocks and receivables. Repayment term varies from minimum 30 days to maximum 180 days.

• Project Financing – This is offered as a method of financing capital projects whereby the income stream generated from the project is used to repay the borrowing.

• US$ Loans are also available to customers on approval supported by the relevant documents and invoices to support US$ revenues.

• Commercial Long Term Mortgages are available for the acquisition of land and building at interest rates that are variable for a term of 5 to 15 years.

• Residential Mortgages are available for the acquisition of land and building at interest rates that are variable for a term of 5 to 15 years.

• Letter of Credits is a Bank to Bank guarantee, issued to local and foreign suppliers for the supply of goods and services, or performance of contractual obligations. The Bank guarantees payment by endorsing the Company’s ‘Bill of Lading’.