Are you still a tenant? Few Nigerian banks that will give you a loan to build your own house in Nigeria and most people don't know | #NwokeukwuMascot
Financial tips & Loans
…Unlocking Your Path to Homeownership: A Guide to Securing a Home Loan in Nigeria
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We’ve identified five leading banks in Nigeria that offer HOME LOANS:
1.) First Bank of Nigeria (FBN)
2.) United Bank of Africa (UBA)
3.) Access Bank Plc.
4.) Stanbic IBTC Bank
5.) GTBank
Let’s take a closer look at your options:
1.) First Bank of Nigeria (FBN):
– Requires a verified source of steady income.
– This loan is intended for residential properties, not commercial purposes.
2.) United Bank of Africa (UBA):
– Your salary should be paid through UBA for at least 3 months.
– Exclusive to employees of reputable organizations in both the public and private sectors.
3.) Access Bank Plc:
– Available for properties in Lagos, Abuja, and Port Harcourt.
– Open to salary earners and business entrepreneurs.
4.) Stanbic IBTC Bank:
– Requires a net monthly income of at least N200,000.
– The minimum loan amount is #3,000,000.
5.) GTBank:
– Offers a loan tenor of 20 years.
– You can apply for a loan ranging from 5 million to #150 million for low-density residential locations in Lagos and Abuja.
However, Before you rush to these banks, remember to seek legal advice to understand the terms and conditions of these loans. Ignorance of the law is no excuse.
Don’t miss this opportunity to become a homeowner in 2024. Share this information with friends and family. Tomorrow, we’ll delve into how to buy and invest in shares and stocks, so stay tuned for more valuable insights on securing your financial future.
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