rpfc mortgage

HOME AQUISITION

This is designed for members who want outright purchase of their dream homes in Lagos or Abuja.
Features and Conditions

• 30% equity contribution
• Property to be financed must be residential and not for commercial purpose
• Available to members with verifiable and steady income flow, with minimum earning of N200,000 per month.
• Longer loan tenor period of 3 – 5 years
• 12 months statement of salary account duly stamped by Bank
• 6 months original payslips
• The property must have valid title documents (C of O; R of O, Deed of Sublease, Deed of Assignment or Letter of Allocation)
• Copy of Approved building plan
• The mortgage property must be insured against hazards, if the loan is approved

 

HOME CONSTRUCTION/COMPLETION

This mortgage plan is for construction of houses or purchase of properties under construction by established builders and property developers with good track records.

Features and Conditions

• 30% equity contribution
• Property to be financed must be residential and not for commercial purpose
• Available to members with verifiable and steady income flow, with minimum earning of N200,000 per month.
• Longer loan tenor period of 3 – 5 years
• 12 months statement of salary account duly stamped by Bank
• 6 months original payslips
• The property must have valid title documents (C of O; R of O, Deed of Sublease, Deed of Assignment or Letter of Allocation)
• Copy of Approved building plan
• Submission of a recent valuation report by RPFC's approved valuer. The valuation report should be accompanied by photographs, taken from all angles of the property.
• The mortgage property must be insured against hazards, if the loan is approved
Make your enquiries here.