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The end of the year also signals the beginning of the new one to come, and what better time to start planning on the goals you want to achieve?
Interested in upgrading your business, injecting cash for the holidays or even considering consolidating your debt into more manageable payments? Then, you might want to consider a Commercial Mortgage or Business Loan to get you one step closer to your New Year goals.
For the duration of Republic Bank’s 2021 Loan Campaign, the minimum period of repayment for loans may range from less than 12 months to a maximum repayment period of 60 months and up to 20 years for Commercial Mortgages. The periodic interest rate ranges from 3.99% to 12.50%, with a maximum APR offered of 12.50%. For reference, a $250k loan repayable over a 5-year period would attract a total repayment sum of $276,247.83. Actual rates may vary based on repayment terms, loan amount, downpayment, creditworthiness, and other terms and conditions. For all other loans, the agreed rate of interest is fixed for the tenure, however for mortgages the rate is variable.
