First Time home owners seeking residential mortgage financing to the value of G$4M-G$8M.
To provide assistance to eligible borrowers who wish to purchase land
and/or construct a residential property. Please note that the land is not
restricted to those allocated by the Government.
Takeovers from other banks, purchase of properties and refinancing of
existing Easy Home Loans are not permitted.
In the case of cost overruns, completion of construction can be facilitated at
the rate applicable for the total value of the existing and proposed facilities.
The borrower must be advised prior to the processing of the new request
Competitive Interest Rates
Extended Payback Period (repayment term)
The percentage of the loan in relation to the value of the security shall not
be less than 75% of the estimated value of the property when
completed including the value of the land.
Minimum 20 years
4.25% per annum for amounts up to $4,000,000
6.15% per annum for amounts over $4,000,000 up to $8,000,000
Customer must provide a minimum of 10% equity towards the venture.
Value of the land may be considered
By monthly amortised installments, commencing three (3) months after
initial drawdown. Interest only to be paid during this period.
The building should be insured for the full replacement value with the Bank’s interest noted.
The Bank will accept the Letter of Assurance issued by the Minister as evidence of prospective ownership of land by the applicant.
How to Apply
Visit or call any of the nearest Republic Bank Branches to see a Loan Officer.