NPMB- NPF(FMBN) – Renovation Loan

NPMB- NPF(FMBN) – Renovation Loan

This Product is designed as a quick-win that allows customer access Renovation loan from Federal Mortgage Bank of Nigeria(FMBN) to improve existing properties owned by them personally or through family.

Features:

  1. Maximum loan amount is N1m
  2. Maximum repayment period of 4years
  3. Flexible repayment mode –  monthly payment of principal and interest
  4. Domiciliation of Salary
  5. Payment can be made by cash, cheque,  or direct deduction from employee’s salary.

What to do:
Open a NPMB Current Account with initial deposit of N5,000
Domiciliation of Salary account
Letter of introduction from your employer
Statement of Bank Account for the last 6 months.
Satisfactory Bill of Quantity for the Renovation.
Non refundable fee of N10,000