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Republic Bank removes cap on residential mortgage
…offering up to $60M at 5% interest
(Kaieteur News) – Republic Bank (Guyana) Limited on Monday announced a change to its residential mortgage offerings, of up to $60 million at a competitive rate of 5% – with no lending ceiling for residential mortgages.
No ceiling means that there is no limit to the amount customers can borrow for residential mortgages at Republic Bank.
In addition, to the $60 million at 5% offer, Republic Bank said that its current Low Cost Mortgage package also features competitive interest rates to help more persons achieve their homeownership dreams. The Bank outlined 3.50% for amounts up to $9 million, 4.25% for amounts over $9 million and up to $20 million and 5% for amounts over $20 million and up to $30 million.
Republic Bank Guyana Limited on Camp Street.
Some additional benefits include, extended repayment terms tailored to customers needs, monthly amortized payments and up to 100% financing.
The Bank said the decision is timely and strategic to further reinforce its commitment to making homeownership more affordable and accessible for all Guyanese families. It was also noted that it is a direct response to the Government of Guyana’s transformative housing agenda under the 2026 Budget.
“These unmatched offerings underscore the Bank’s leadership in the mortgage market and its proactive approach to meeting the evolving needs of customers across all segments,” RBGL noted.
As Guyana’s housing landscape continues to expand, Republic Bank said it is ready to deliver strategic, affordable and customer-centred solutions that help more Guyanese achieve their homeownership dreams.
For more information, customers are encouraged to visit their nearest Republic Bank or visit our website at www.republicguyana.com
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