Home loans in Nigeria

Source your home loans from within-

Nigeria.

Zenith Bank Plc Nigeria is partnering with United States Agency for International Development (USAID) to make available mortgage loans to middle and low income Nigerians for the purchase of primary residence in Nigeria.

Apply and submit request online


To enable the bank access your eligibility for the loan, check below for:
Checklist for Mortgage Loan Application
Eligibility Criteria


Checklist for Mortgage Loan Application

• 
  Completed Mortgage Loan Application Form
  
• Offer Letter from Landlord/Agent
  
• Copy of Title Document of Property to be Purchased
  
• Reference Letter from Current Employer [ Indicating Status, Annul Salary and Existing Loans(if any) ]
• 
  Copy of Drivers Licence or National ID card and office ID card
  
• Pay Slip for the Last 6 Months
  
• Copy of your Bank Account Statement for the Last 6 Months (if not a Zenith Bank account holder)
• 
  Updated Resume
• 
  2 Passport Photographs (photo page only)
• 
  Copy of Spouse’s Letter of Employment Indicating Salary (If Applicable)
• 
  Opening of Salary Account in Zenith Bank
• 
  Copy of Tax Clearance Certificate for the Last two (2) Years
• 
  Sworn Affidavit that combined household income is below N8m (or $62,000.00).
• 
  Copies of Paid Utility Bills (Electricity/Telephone) for the Past Six (6) Months
• 
  Copy of Rent Receipt for Current Year.
  
  
  NB: These documents should be submitted with the application form, after you have been pre-qualified by the Bank.
  
  THIS MORTGAGE LOAN IS FINANCED BY ZENITH BANK PLC IN PARTNERSHIP WITH THE UNITED STATES AGENCY FOR INTERNATIONAL DEVELOPMENT (USAID).
  
  
  Eligibility Criteria
  
  Facility Type: Adjustable Rate Mortgage
  
  Maximum Loan per Individual:
  N8m
  
  Maximum Cost of House:
  N10m
  
  Combined Household Gross Income:
  N8m max
  
  Equity Contribution:
  Minimum 20%
  
  Tenor:
  3-12 Years
  
  Principal Repayment:
  Monthly, Quarterly, Half-Yearly or Yearly
  
  Security:
  Clean Title Document of Property
  
  Target Customers:
  Economically engaged Nigerian residing in Abuja, Lagos, Port Harcourt and Kano Areas.
  
  Purpose:
  To purchase "completed" housing unit only
  
  Use of Property:
  Primary Residence (i.e. Owner-occupier)
  
  
  
  THIS MORTGAGE LOAN IS FINANCED BY ZENITH BANK PLC IN PARTNERSHIP WITH THE UNITED STATES AGENCY FOR INTERNATIONAL DEVELOPMENT (USAID).
  
  Apply and submit request online
  -------------------------------------------------

Like other banks and financial services rendered by the banking industry and mortgage institutions, First bank of Nigeria has some good things to offer as you source you HOME LOANS.

U-First is a suite of retail and consumer loan products designed for individuals and small businesses to enable them meet their business and personal needs. Repayment structure is flexible and in sync with the best global practices. Below is a listing of all the products contained in the suite:


C0nsumer products (For individuals)

Household Equipment Loans View Brochure *
Personal Home Loans View Brochure *

First bank also have a provision for loans such as:

• 
  owner-occupier property
• 
  commercial residential property

Application Requirements:

• 
  Ownership of plot of land to be developed, or Identification of an already developed property to be acquired
• 
  Evidence of income from employment or business adequate to service the loan
  
• Bill of quantity/Valuation report in case of outright purchase
  
• Plot of land/property must be in an urban location

See:http://www.firstbanknigeria.com/prodserv/CI/psci_mort.asp




Mortgage Finance in Nigeria



ASO SAVINGS AND LOANS

Some ASO Products

• 
  ASO Target Savings Account Allows a customer to save towards specific targets such as the purchase of land, property renovations, furniture, electrical appliances, office equipment, etc.
• 
  
• Social Mortgage Account Accounts that enable customers benefit from the National Housing Fund - NHF Scheme Loan administration and management
• 
  
• ASO Commercial Mortgage Account Securing mortgages to buy properties Securing mortgages to develop properties Attractive interest rate Loan administration and management. Our Services Commercial Real Estate Advisory Issuance of Bonds Issuance of Bank Guarantees LPO Financing Contract Financing Funds Management Financial Advisory and Consulting Services.

For more information on ASO services and products, visit:ASO SAVINGS AND LOANS LIMITED


Others are:

SSL PROPERTIES LIMITED

UNION HOMES

For information on loan and mortgages also see: My lot

Note: These information is just to give you an idea of what HOME LOANS and MORTGAGE services that are obtainable within. Do take your time to study and be sure of who you are dealing with, better still, consult your local professionals.

abagwo@gmail.com