Flagship Products and Services

Resort Homes Ownership Account

Objective
To facilitate house ownership, primarily through the NHF scheme. Eligible applicants can hereby access loan for construction or purchase of a new house or its renovation. The loan can also be used for purchase of land.

Target Audience

  • Every Nigerian from 18 years and above
  • Contributors to National Housing Funds. (NHF)
  • Those with regular source of income including public and private sector operators

Features

  • Initial deposit of N50,000 and above
  • Build up account regularly up to and above 10% of total requirement to qualify for loan
  • Be a regular contributor to NHF
  • There must be land in suitable location with good title
  • Loan could be up to limit allowable under NHF
  • Applicants must have guaranteed regular source of Income
  • Repayment in medium to long term

Benefits

  • Opportunity to own affordable house
  • Low Interest rate derived from NHF rate
  • Long term mortgage with convenient repayment term
  • Project supervision/advisory service by the bank


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