Car Loans

Car Loans

Republic has the car loan that's just right for you!

With the variety of loans and credit facilities, it is easy, quick and affordable to make your dreams a reality!

Here are the applicable conditions for your loan:

  • New car loans
    Republic Bank will generally lend up to *100% of the On the Road Price.
  • *100% Financing is also available( special conditions apply)


  • Used Vehicles
    The amount of this loan is generally dependent on the age of the vehicle.
    1. If the vehicle is 4 years old or less, we will finance up to 80% of the cost or market value of the vehicle, whichever is lower.
    2. If the vehicle is more than 4 years old, we will finance a maximum of 50% of the cost or market value of the vehicle, whichever is lower.

  • Roll-On/Roll-Off Vehicles
    1. We will finance a maximum of 80% of the cost of a Roll-On/Roll-Off vehicle purchased from one of our preferred dealers.
    2. We will finance a maximum of 50% for vehicles purchased from any dealer outside of this list.

How much can I borrow?
For a new car loan, Republic Bank will generally lend up to 90% of the On the Road Price. For used cars, we will lend up to 80% of the market value or purchase price, whichever is lesser, depending on the age of the vehicle.


What are my repayment choices?
For a new car loan, repayment terms at Republic Bank run from 12 to 84 months. On a used vehicle, your choices will vary based on the year of the car you're buying.


How do I make payments?
You can make loan payments via direct deductions from your salary which can be assigned to the bank or a direct salary deduction to the loan.


What fees will I pay?
Legal fees for the Mortgage Bill of Sale and the Bank's Negotiation Fee.


What type of insurance is required?
Republic Bank requires collision and comprehensive insurance coverage with an insurance company acceptable to the bank.


What are the collateral requirements?
Republic Bank will be listed as the first lien holder on the title by way of a Mortgage Bill of Sale over the vehicle being financed.


My existing car loan is at 12%. Does Republic Bank offer refinancing for existing car loans?
Yes, we offer refinancing.


Who must own the car to finance a car loan at Republic Bank?
The car must be registered to you, the borrower and/or your co-borrower.

Car loans now have a maximum term of 84 months and customers can now enjoy up to 100% financing.

Want more information? Check out Buying A Car Made Easy.

What you will need

Before visiting our branches, ensure you have the following documents:

New Borrowers?

Two (2) forms of identification
A current Job Letter
A recent payslip
A recent Utility Bill

Existing Borrowers

A recent payslip
A recent Utility Bill


Go to top