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Personal Home Loans
The Personal Home Loan product give employees the opportunity to acquire and own residential properties with ease
Loan Information
Description
Features
Required Documents
How to Apply
Description
The Personal Home Loan product give employees the opportunity to acquire and own residential properties with ease. The product is also available for couples as Joint Mortgage.
Features
Required Documents
- Vendor’s offer letter
- Copy of the title documents to the property (ownership must be in the name of the vendor).
- Copy of the approved building plan.
- Personal Home Loan Application form
- Letter for irrevocable domiciliation of salary for the duration of the facility.
How to Apply
To apply for the Personal Home Loan:
- Download the Home Loan Application Form
- Complete the form and submit at the nearest FirstBank branch
FAQs
Yes, Minimum of 20% on the cost of the property to be bought.
- Offer Letter from the vendor/owner, Home Loan application, letter of Introduction from employer.
- Letter of irrevocable domiciliation.
- Current tax clearance, current tenement receipt.
- Valuation report if it is an old house.
- The title document to enable a legal search.
- Outright Purchase
No, you access Home Loan for completed buildings.
Yes. The cost of perfecting the title of the property to cover the interest of the bank.
N50 million
