With the housing market becoming more competitive in Guyana, Republic Bank (Guyana) today announced a “strategic change” to its residential mortgage offerings.

The bank said in direct response to the Government of Guyana’s housing agenda under the 2026 Budget, it is now the only bank offering mortgages up to G$60 million at a highly competitive rate of 5%, with no lending ceiling for residential mortgages.

According to Republic Bank, no ceiling means that there is no limit to the amount customers can borrow for residential mortgages at Republic Bank.

In addition, to the G$60 million at 5% offer, the current Low Cost Mortgage package also features competitive interest rates to help more persons achieve their homeownership dreams, the bank said.

Customers borrowing up to $9M will now receive a 3.50% interest rate, while those borrowing over $9M and up to $20M will enjoy a 4.25% interest rate.

The bank said the interest rate for amounts over $20M and up to $30M will be 5%.

Republic Bank is touting the offers as unmatched, and has indicated that it underscores the Bank’s leadership in the mortgage market and its proactive approach to meeting the evolving needs of customers across all segments.

The bank also said the additional benefits include extended repayment terms tailored to the needs of customers, monthly amortized payments and up to 100% financing

“As Guyana’s housing landscape continues to expand, Republic Bank stands ready to deliver strategic, affordable and customer-centred solutions that help more Guyanese achieve their homeownership dreams”, Republic Bank stated. Customers can visit the bank’s website: www.republicguyana.com for more details on the new changes.

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