first bank home loan and mortgage

How to apply for First Bank Home Loan and-mortgages & requirements

This post was last updated on June 11th, 2022 at 11:33 am

The search for affordable and comfortable housing for all in Nigeria, financial institution and mortgage banks are not left out in providing an easy means that enable dream come through.

First Bank Nigeria has key into house for all program. Hence individual can now buy their first home, constructing or simply renovating? their flexible home loan will give you the financial boost you need to support your project.

In attempt to boost housing for all Nigerians, federal Government introduce National Housing Fund (NHF)scheme to foster housing development in the country.

The NHF scheme is for Nigerians in all sectors of the economy, particularly those within the low and medium income levels who cannot afford commercial housing loans e.g. civil servants, traders, artisans, commercial drivers etc. Any intending beneficiary must be a registered contributor and up to date with his/her contributions.

YOU CAN ALSO READ:How to apply for LAPO Microfinance Bank loans,Types and application requirements

In addition to compliment the move to provide housing for all.first bank Nigeria as now key in into the scheme by providing flexible home loan.

In our today discussion we shall talk on requirement and how to apply for the home loan.

You can also read: How to get Nigeria federal mortgage housing funds NHF loan and Application Process

What is the Features of First Bank Home Loan?

1.Available to individuals with verifiable and steady income flow
2.Maximum tenor is 20 years, subject to retirement age of 60 years
3.Simplified Documentation
4.Minimum down payment of below 30%, subject to the location
5.Competitive interest rates
6.No equity contribution is required for Home Equity Refinancing
7.Property to be financed must be residential and not for commercial purpose.

What is the required document to First Bank Home Loan?

1.Application letter
2.Personal Home Loan Application form
3.Last 3 months payslip
4.Statement of accounts
5.Applicant’s letter of total emolument
6.Confirmation of applicant’s employer on FBN approved list
7.Valid title document
8.Letter for irrevocable domiciliation of salary for the duration of the facility.

 

Who Can Apply

Employees in paid employment and self-employed professionals can access the loan provided you need the other requirements.

How to Apply for First Bank Home Loan?

To apply for First bank home loan  kindly Visit Any First Bank Or call
Tel: +234 1 905 2326
Tel: +234 708 062 5000
Email : firstcontact@firstbanknigeria.com
Tel: +234 1 448 5500

Home this article assist you on how you can get first bank home loan should the case you are afraid of Government own scheme know as National Housing Fund (NHF]

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