Easy Home Loans

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Target
  • Persons seeking residential mortgage of values above G$8M for the purpose of purchasing or building a house.
  • Persons seeking to renovate /extend owner occupied properties
Features To purchase, construct, renovate or extend residential property.
Benefits
  • Tiered interest rates which encourage borrowing at the lowest rate of interest
  • Extended payback period
Loan Limits No Ceiling
Term For purchase/ construction of property maximum 30 years or term to retirement, whichever is less.
Interest Rate
  • 7.45% per annum for amounts up to $10,000,000
  • 8.75% per annum for amounts over $10,000,000 up to $12,000,000
  • 10.5% per annum for amounts over $12,000,000
Equity Contribution
  • For purchase/construction a minimum of 10% of the purchase price/cost of construction. For construction purposes, the market value of the land can be taken into consideration.
  • For renovations/extensions – none required.
Repayment Provisions Monthly amortised payments. While monthly instalments are preferred, in specific instances based on the nature of the business and the frequency/timing of the cash flows, the payment can be structured as necessary such as quarterly/semi-annually etc.
Fees/ Charges Application Fee:
  • Up to $5M: $4,500
  • Above $5M: $6,000
Negotiation Fee:
Up to $8M: 0.5% of loan amount
  • Min.: $7,000
  • Max.: $40,000.00
Over $8M: 0.5% of loan amount
  • Max.: $155,000
Insurance Life Coverage for the full value of the loan on the life of the borrower(s) is compulsory
Special Conditions Loans shall be secured by a mortgage on the same house and land for which the loan was granted. Mortgages will be established, utilizing the following:
  1. Transport
  2. Registered Declaration of Title
  3. Certificate or document of absolute title under the Lands Registry Act
  4. Lease for a term of not less than forty years
How to Apply Visit or call any of the nearest Republic Bank Branches to see a Loan Officer.
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