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My Own Home Loan

This is a micro housing loan for home improvements & extensions, bit by bit constructions of shops, schools, clinics and bungalows.

Features
  • Access to housing loan of up to N5million
  • Collateral required
  • Tenor up to 2 Years
  • Competitive Interest rate @ 3% reducing balance
  • Insured loan of 1%.
  • Admin fee of 1%
  • Commitment fee of 1%
  • Loan can serve as top up to an existing loan
Benefits
  • Easy Loan procedure
  • Affordable and convenient loans
  • Low interest rate
  • Opportunity to own your own house
  • Technical assistance from Lafarge
Requirements
  • Proof of Ownership of an unencumbered landed property with valid documentation
  • Micro entrepreneurs with minimum 12 months? experience and generates daily or weekly cash sales turnover
  • Operate for a minimum of 6 months in the same location (permanent shops are preferable)
  • Meet all documentation and information ? related requirements to Accion MfB