Platinum Mortgage Bank Loan – We’ve been helping people buy their own homes for 7 years, so you’re in safe hands whether you’re buying your first home, moving, or looking to remortgage.
For individuals opting for a mortgage generated through a contributory fund where contributors pay 2.5% of their monthly income to the fund and are in return eligible to access a Mortgage loan up to a maximum of N15 million.
FEATURES
- Access to FMBN/NHF loan Scheme
- Interest rate as low as 6%.
BENEFITS
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Mortgage, of course, allows the borrower to purchase a property
LOAN TO VALUE
- N1million –N 5million = 10% equity contribution i.e LTV = 90%.
- N5million – N10million = 20% equity contribution i.e LTV = 80%.
- N10million – N15million = 30% equity contribution i.e LTV =70%.
EQUITY DEPOSIT
- N1 million – N5 million = 10% equity contribution.
- N5 million – N10 million = 10% equity contribution
- N10 million – N15 million = 10% equity contribution
