Home Ownership Account

This product or facility is designed to enable individuals who have been contributing to the National Housing Trust Fund Scheme for the last six (6) months to buy, develop, complete or renovate their own homes. Opening deposit and monthly contribution for both savings and mortgage account are dependent on the customer’s income and loan requirement.

Key features and benefits

•Interest rate on savings account  4%per annum
•Interest rate on mortgage loan  6%per annum
•Repayment period   30years
•Minimum savings period before  granting of loan    6months
•Total equity contribution expected  from customer    10% of loan requirement
•Maximum loan amount   N5million
•Security    Financed property
   
 Added value

•Easy access to NHF loan
•Long tenor of repayment subject to age of applicants
•Earn interest on your savings deposit
•Structured repayment plan to match customers budget
•Stable interest rate throughout the tenor