Home Mortgage Lagos Nigeria - First Bank Home Mortgage

home mortgage lagos nigeria africa

Home mortgage Lagos Nigeria is offered by a good number of banks. Among them is First bank Nigeria Plc.

First bank is Nigeria's biggest bank.

The new central bank of Nigeria (CBN) requirement that all banks must have a minimum of twenty five billion naira (=N=25 billion) has shored up the capital base of all banks to a minimum of 25 billion naira. And this includes First bank of Nigeria Plc.

The new CBN regulation has made more cash available to banks for investment promotion. Consequently, the capital allocation by banks for mortgage loan has also increased.

First bank mortgage Nigeria enables aspiring home owners to buy or build a home faster than they would if they were to save the money all by themselves.

Let's take a quick look at the loan terms. This could be your chance to own a home in Lagos Nigeria faster than you think.

First Bank Mortgage Terms

1. Provide valid documents for the property you want to buy or get an "Intent of Sale" letter from the solicitor or real estate agent you wish to purchase the property from.

2. Get a letter of introduction from your employer. This letter basically says that you're a bonafide employee of the company you claim you work for.

3. Your salary account (or income account) must be with first bank

4. Loan repayment period is seven (7) years

5. Loan interest rate is 18 percent per annum

6. You pay a part of the principal and interest monthly

7. Your monthly income must reasonably exceed the monthly deductions for the loan repayment

Anxious to own a home? Want it faster?

Get a home mortgage.

Discuss with a representative of First bank Nigeria. Who knows? You may just be the right candidate for their mortgage offer.

Back To Home Page From Home Mortgage


Subscribe To The Real Estate Guide newsletter for property news

Vacancy For Distributors
Click for details

Create A Website
Click for details

Real Estate Guide Magazine

Subscribe to the Real Estate Guide Magazine. Get FREE real estate investing tips.
Simply Fill the form below.

Your Email

First Name

Then

Don't worry -- your e-mail address is totally secure.
I promise to use it only to send you Real Estate Guide.


wealth club nigeria



Portakabin For Sale

Online Business Training



how to earn one million naira per month lagos nigeria


Follow us on Facebook & Twitter:

follow lagos nigeria real estate advisor on facebook

follow lagos nigeria real estate advisor on twitter