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This product is designed specifically for contributors to the
National Housing Trust Fund.
The
scheme was established in 1992 for workers to contribute 2.5% of
their basic salary into the fund to be used to grant mortgage
loans to them at very concessionary terms for the purchase,
building, expansion or renovation of their houses.
The
funds can be accessed through a Primary Mortgage Institution (PMI)
accredited by FMBN.
KSL
has designed this product to enable our customers that are
contributors to the NHTF scheme to access the loan from Federal
Mortgage Bank.
Come to any
one of our branch locations to meet
one of our relationship officers.
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FEATURES |
• Maximum loan amount is N5
million.
• Contributors benefit only once in their life time.
• Interest rate currently at 6%.
• Tenor is subject to the difference between applicant’s age
and
sixty (60) years or length of service years remaining, whichever is
earlier.
• Monthly repayment shall not exceed one-third of
beneficiary’s
gross monthly emolument. |
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BENEFITS |
• Low interest rate of 6%.
• Long tenor of 30 years to ease repayment burden.
• Fixed –rate mortgage throughout the duration of the loan so
no
need to worry about fluctuating interest rates.
• The loan amount you benefit is much more than your
contribution
into the Fund.
• Settle yourself into your home before you retire.
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APPLICATION |
If you're interested in opening
an account, contact us today - we'll be happy to help. |
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