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:
- Maximum loan amount is N1m
- Maximum repayment period of 4years
- Flexible repayment mode – monthly payment of principal and interest
- Domiciliation of Salary
- 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
