TOP HOUSING LOANS PROVIDERS IN NIGERIA

TOP HOUSING LOANS PROVIDERS IN NIGERIA

Many house owners in Nigeria purchased their houses through housing loans. Especially getting a house that is worth several million. Getting housing loan funds is not different from buying a house. The fund is given by institutions or bodies to pay part or total funds needed to get a house. In a situation whereby you have started building your house, and you need more finance to complete the building. You can go for a housing loan for the completion of your building. Housing loans can also be requested for when you need to rehabilitate your home. Several banks and institutions offer this loan to people. But there is a need to get top-notch banks and institutions that provide housing loans in Nigeria if you need one.

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TOP HOUSING LOANS PROVIDERS IN NIGERIA

Below is a list of some outstanding housing loan providers.

PLATINUM MORTGAGE BANK LIMITED.

Platinum mortgage bank is one of the leading institutions in Nigeria that specializes in housing loans. They have been functional under the CBN Decree 24 of 1991 for the past 30 years. They provide mortgage services, which include savings, loans, and home service ownerships. They are part of the banks you can consider when you need a housing loan. Platinum products are;
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Personal PMBL Mortgage Loan

Through this scheme, loans are granted to individuals to buy properties from the open market. Individuals can see their desired house outside what the bank has. Platinum will find the payment regardless.

Platinum Fast-Track Mortgage

This plan makes families or individuals who want to own a home get one in less than 72 hours if their application is accepted. They have options for individuals to look at. They make it easy and fast.

NHF Mortgage Loan

Salary earners engage in a contribution of 2.5% of their monthly salary. This allows them to have access to a mortgage loan worth #15 million naira. Then they start the repayment in bits. They select the period they want to repay the loan and how it should be done.
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ABBEY MORTGAGE BANK PLC

Abbey Mortgage bank is undoubtedly one of the strongest and reliable mortgage banks in Nigeria. They have over #2.1 billion current share capital. Abbey bank has access to funds from Nigeria Mortgage Refinancing Company (NMRC). They are reliable and you can be guaranteed your funds are safe with Abbey Mortgage Bank.

They are into:

  • National Housing Fund Loan to housing cooperatives and groups.
  • Grant Mortgage homes to Cooperate organisations, individuals, and corporate bodies.
  • Home Refinancing
  • Construction Finance
  • Development Loans for schools
  • Co-operative home development scheme
  • Construction Finance

MAYFRESH MORTGAGE BANK LTD

Mayfresh got a license to work from the Ministry of Works and Housing in 1995. Mayfresh as of 2016 still has #6.6 billion of shareholders funds. They also have #3.6 billion Paid-Up capital and #5 billion authorized share capital. Mayfresh is working in alignment with the Central Bank of Nigeria (CBN)

Their interest rate is not unbearable. But you need to read through their terms before applying.

They offer the following services.

  • Mayfresh Platinum Housing service.
  • Mayfresh Top Co-operative Account
  • Target account promo
  • Mayfresh Gold Home Savings Account
  • Mayfresh Savings Extra Account with checkbook
  • Mayfresh Diamond Home Ownership
  • Mayfresh Silver Mortgage Account

You can contact Mayfresh customer care on 08132741771 or 08063457405.

Their head office is located at 83 Aba-Owerri Road Aba, Abia State, Nigeria.

You can also send a mail to

JUBILEE-LIFE MORTGAGE BANK

The Redeemed Christian Church of God started this bank with the aim to meet the needs of people who are in need of a home. It’s a reputable bank with numerous awards. Jubille-life mortgage Bank won the most Reliable Mortgage Bank and Integrity in Mortgage Business of the year in 2017. Their reputations and successful projects are enticing.

The bank has financed countless housing projects in different parts of Nigeria. Their services include;

  • Mortgage advisory services
  • Retail Banking Operations
  • Acceptance of Mortgage focus deposit
  • Financing Mortgage

ASO SAVINGS AND LOANS PLC

ASO is another prestigious mortgage bank that offers loans for building homes. They have been running as an organisation for over 27 years. ASO runs savings and loans as part of its services. It is a Primary Mortgage Institution (PMI). Their services include

  • MyBusiness Mortgage
  • National Housing Fund (NHF)
  • My house Purchase Program
  • MyResidential Mortgage

HAGGAI BANK

Haggi bank started operation as a finance bank in 1994. They became a Mortgage Bank in 2008. Since then they have continued to skyrocket their reputation with outstanding services and meticulous projects.

Their services include

  1. Rent Loan
  2. Camp Home Account
  3. Plot Advance
  4. Renovation Loan
  5. House Purchase Loan
  6. House Completion Loan
  7. Making people own a Haven

IMPERIAL HOME MORTGAGE

On the list is another remarkable institution. The imperial bank is approved by the Central Bank of Nigeria and they have been functional since 1992. Its operation commenced in 2008. They specialize in the housing and mortgage sector. They do their best to offer housing services when you need a home when you want to complete a building project and other related activities.

Other services are;

  • Real Estate.
  • Savings and Deposits of funds
  • Granting Mortgages
  • Loans and advances.

FHA MORTGAGE

This bank was incorporated in June 1997. They also serve as agents to the Federal Mortgage Bank of Nigeria (FMBN). You can go through their official website and see some exciting features about them. FHA engage in

  1. Renovation of building
  2. Financing of corporate bodies towards acquisition.
  3. Development of houses.

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