We offer different types of mortgage products with flexible terms. These products, which are specially designed to meet the varying needs of our customers include:
1. Infinity Mortgage Finance Scheme (IMFS) - a mortgage fully funded by the bank with appealing interest rates.
2. National Housing Funds Scheme (NHFS) - a mortgage fully funded by FBMN.
We help to finance our customers' and trusted clients' mortgage projects at affordable rates and soft pay-back terms:
Infinity Mortgage Finance Scheme (IMFS)
a) Equity contribution from 20%, the balance of 80% payable within a period of 3 to 20yrs decided on a case to case basis.
National Housing Funds Scheme (NHFS)
a.) 10 - 30% equity contribution
b.) 6% Interest Rate
c.) Maximum loan per person N5million - N15milion
d.) Maximum tenor is between 5 - 30 years
e.) Monthly rentals not exceeding 1/3 of your monthly income. (For more information about NHF see FAQs Menu.).
Submission of well completed NHF Application Form.
Evidence of income; by submission of 3 months payslips.
Submission of the income statement of account in case of the self-employed candidate.
Tax clearance certificate for the past 3 years.