Mortgage Loan Application Procedure

My Shelter Account Application Procedure:

  • Open a Nigeria Police Mortgage Bank PLC, MY SHELTER Account.
  • Have a satisfactory evidence of regular flow of income to guarantee loan repayment.
  • 30% equity contribution.
  • Letter of introduction from employer stating present position and annual emolument.
  • Letter of undertaken from employer.
  • Deed of Sale between vendor and purchaser which includes the clause that the vendor will execute a Deed of Assignment upon receipt of balance of payment.
  • Letter of awareness from employer.
  • Valid registered title document.

 

NHF Loan Account Application Procedure:

  • Open a Nigeria Police Mortgage Bank Mortgage Account. Application must be made on a prescribed NHF loan application form.
  • Equity contribution.
  • Letter of awareness from employer.
  • Evidence of income
  • Valid registered title.
  • Deed of Sale between Vendor and Purchaser which includes the clause that the vendor will execute a Deed of Assignment upon receipt of balance of payment.
  • Copy of NHF Passbook showing updated remittance.