This is a Residential Loan product designed to finance the acquisition/construction of a house or property, which should be for residential purpose only. In most cases, the Customer already owns the landed property and must be a regular income earners/ established business owners with stable income

PROPOSED CHANGES

To finance the acquisition/construction of a house or property

Applicants must be a regular income earner/established business owner with stable income

Security for the loan must be fee from encumbrance

Tenor: Maximum of 15years

Maximum Loan repayment is limited to 1/3 of net income of the applicant.

Loan granted is based on 2/3 of the market sale value of the collateral property.

TARGET AUDIENCE

Corporate Organizations

Diasporas

Employees of Structured organization

Business Owners

Government Ministries and Agencies

Private Sector

APPLY NOW