This product empowers small and medium scale enterprises to part finance the acquisition of landed property for commercial purposes.
This product is designed to meet the funding needs of established small and medium scale enterprises in viable businesses to part finance the acquisition of Business/Office Premises/ warehouse under the outright purchase scheme.
Tenor: 60 months
- Reputable Professional Firms such as: Accounting, Audit, Law, and other specialised disciplines.
- SMEs in different sectors of the economy.
SMEs such as schools, hospitals, professional firms etc.
The bank will finance both Outright Purchase and Construction of business properties.
The amount a customer can get under the product is subject to a couple of factors such as: the customer’s cash flow, current level of indebtedness, location of property etc. Customers are advised to visit any FirstBank Branch to discuss details of proposed transactions.
A different product targeted at individuals in paid employment is available in the bank (Personal Home Loan) under which individuals may purchase or construct properties of their choice for personal use.