The product is designed to part-ﬁnance the outright acquisition or construction of landed properties for commercial purposes e.g. school extensions, annex, boarding house, etc. landed properties for commercial purposes e.g. School extensions, annex, boarding house, etc.
- Private Schools (Primary, Secondary and A levels Institutes)
- Reputable professional ﬁrms such as accounting, medicine, audit, law, consulting and other specialized disciplines.
- Established small & medium scale enterprises with stable and veriﬁable cash ﬂow
- Flexible repayment plan
- Competitive pricing
- Buy-over of existing liabilities of other Banks is available
- Maximum obligor limit of N100m subject to location
- Minimum equity contribution of 30% of property cost (open market value)
- Maximum tenure of 5 years
- Repayment not more than 40% of net cash flow