Deck the halls of your business with comfort and joy. Whether you’re expanding your existing space, unwrapping a new property, renovating for some festive flair, or leveraging an existing property to support other business activities, our commercial mortgages can help you achieve your goals. This holiday season, you can create a welcoming and festive atmosphere that will keep your customers coming back.
For the duration of Republic Bank’s 2024 Commercial Christmas 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, with up to 25 years on mixed-use Commercial properties. The periodic interest rate ranges from 3.50% 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 $272,876.17. 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.
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