We offer a wide range of Banking, Mortgage and Commercial Real Estate Financing services.
Facility limit: N15,000,000
Tenor: 5 years max depending on customer's capacity
Equity 30% of BOQ
Interest Rate: 25% per annum
Liability Product: Individual Current Account
Fees: 2% flat
Loan Purpose:To complete construction of a house
Approved Location: Abuja & Lagos
Acceptable Title: C of O or Recertified R of O
Home Insurance
Facility Limit: N5 Million
Tenor: Maximum of 24 months
Interest Rate: 22% per annum
Fees:2% flat
Security: The shop title document is deposited with FGMB
Liability Product: Individual Current
Acceptable Title: Shop Location
Equity Contribution: 20% of the quoted shop amount in cases of shop purchase. Shop owners with intention of refinancing do not require equity contribution.
Facility Limit: N2,500,000
Interest rate: 25% per annum
No equity except for rent purposes
The tenor range of between 6 months and 12 months with a rollover option and rollover fee of 0.5%
Facility Limit of N2,500,000
Interest rate of 25% per annum
No equity except for rent purposes
The tenor range of between 6 months and 12 months with a rollover option and rollover fee of 0.5%
Facility Limit: No limit
Tenor: 3-4 years but dependent on cash flows
Equity: dependent on facility purpose
Interest Rate: 25% per annum
Fees: 1% flat
Loan Purpose: for construction, renovation, refurbishing etc.
Security: legal mortgage on property with C of O
Security: legal mortgage on property with C of O
Liability Product: Individual Current Account
Facility Limit: N15,000,000.00
Equity: 10% of the cost of the house (above N5m)
0% equity for houses below N5m
Interest Rate: 6% per annum
Tenor of 30years maximum
The purpose must be to complete payment of a house
The title of the house must be acceptable by FMBN
Fund is sourced at FMBN
Liability A/C: Target Current Account
The customer opens a RENTO Current account and the 1st rental payment is lodged
Tenor: 13 years
Equity Contribution: None required
Property Amount : Cost of House at prevailing market price + mark-up(10% per annum)
Payment of fees of 2% flat and execution of requisite document prior to issuance of clearance letter.
After 13 years of payment, customer will then own the house
Tenor: maximum of 24 months
Interest Rate : 22% per annum
Fees: 2% flat
Security: the shop title document is deposited with FGMB
Liability Product: Individual Current
Acceptable Title : Shop Location
Facility Limit: N15,000,000
Tenor: 5 Years max depending on customer's capacity
Equity 30% of BOQ
Interest Rate : 25% per annum
Liability Product: Individual Current Account
Fees: 2% flat
Loan Purpose: To complete construction of a house
Approved Location: Abuja & Lagos
Acceptable Title: C of O or Recertified R of O
Location: EFAB Selected houses
Tenor: 10 Years
Equity 25% of the house cost
Interest Rate : 9.99% per annum
Liability A/C: Smart Home Current Account
Fees: 2%
Children and young adults aged 0 - 21
Zero account charges
Interest on savings
FGMB "Back To School Loan" Eligibility
Annual "YES@FGMB" Symposium for account holders
Lots of freebies- Goodie bags, Piggy banks etc.
Tenor: 12 Months
Interest Rate: 8% flat for 30-90 days or 25% per annum
Fee: 2% flat
Loan Purpose: to finance re-stocking in the shop
Clean-up cycle: 60/90 days (for monitoring purpose)
Security: trust deed on hypothecated stock or the shop title
Capacity is measured via cash flows of the customer by discounting 50% of the inflows and uses the average amount to determine the line limit.
Electronic Banking;
Savings and Fixed Deposit;
NHF Mortgage Packaging;
Estate Sale;
Real Estate Financing;
Real Estate Advisory Services;
Funds and Portfolio Management;
Joint Venture Partnership;
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