Disclaimer
For the duration of Republic Bank’s Your Next Chapter Campaign, the minimum period of repayment for used vehicle loans is 1 year and the maximum period of repayment is 4 years. The periodic interest rate ranges from 7.75% to 9.75% based on customer’s input and age of vehicle. For reference, a $20,000 loan (85% financing) repayable over a 4-year period at a rate of 9.75%, the monthly instalment could be $504.85.
For mortgages, the minimum period of repayment for loans is 5 years and the maximum period of repayment is 30 years. The periodic interest rate ranges from 4.75% to 6.00%. For reference, a $500,000 loan with 90% financing repayable over a 30-year period, the monthly instalment could range from $2,608.24 to $2,997.75.
Actual rates may vary based on the existing campaign, repayment term, loan amount, creditworthiness, and other terms and conditions. Republic Bank does not offer fixed rate. Country restrictions may apply.