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.

These are transactions evolving from partnership with Developers on the sale of houses in an off-plan arrangement: customer makes an upfront down payment and then the balance is spread over a period of time say 6 months, 12 months or 18 months.

A structured payment which is in agreement with the Developer and the beneficiary is adopted on instalment basis until the house is fully paid./span>

This product is specially for housing Developers.