First Bank Launches N100m Property Loan Window

First Bank of Nigeria Limited has launched one of the most affordable mortgage windows currently available in the country.

Supported by a N1 trillion Ministry of Finance Incorporated Real Estate Investment Fund (MREIF) fund designed to bridge Nigeria’s housing deficit, the initiative empowers Nigerians with long-term, low-cost credit to own their homes, not just dream about them.

Eligible customers can access up to N100 million, repayable over 20 years, at an attractive interest rate of 9.75% per annul, significantly lower than prevailing commercial lending rates hovering around 27% or more. For many families, that difference could mean the gap between endless rent payments and holding the keys to their own property.

The facility is open to salary account holders, business owners and even diaspora customers looking to invest back home.

With housing prices unlikely to wait and opportunities this competitive rarely lasting long, if you want to own your own home, act quickly.

Interested applicants can visit First Bank’s website to explore details and begin their journey toward owning a home before the window narrows.