Flagship Products and Services

Resort Home Guarantee Scheme

Objective
To assist participants to obtain mortgage loan to build, buy or renovate their desire houses and also to buy land in an urban town for residential purposes.

Target Audience

  • Intending house owners
  • Tenants within housing estates
  • Owner/occupiers of fairly old houses
  • Executive workers
  • Entrepreneurs & businessmen

Features

  • Initial deposit of =N=50,000 and above
  • Maintenance of deposit account for six months and above
  • Participant contributes at least 25% and gets considered for banking loan of maximum 75% of total requirement
  • Loan repayable over up to up to five (5) years period
  • Available to NHF contributors and non-contributors
  • Applicant must have guaranteed regular source of income
  • Properties in urban areas with good titles preferred

Benefits

  • Attractive interest on the deposit account
  • Ability to own a property/land of choice
  • Repayment period of up to 5 years which makes it quite convenient and readily affordable
  • Project supervision/advisory service to be provided by the bank
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