By Esther Chukwu
First City Monument Bank (FCMB) is offering Nigerians mortgage loans of up to N75 million in a move to make homeownership easy for millions of Nigerian.
According to a Central Bank of Nigeria’s report, Nigeria requires about 700,000 housing units annually for 20 years to accommodate the rising population, which is presently about 197 million. First City Monument Bank seeks to bridge the nation’s housing deficit through its unique homeownership value proposition.
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FCMB has urged the populace, including salaried individuals, to take advantage of its convenient and flexible mortgage loan product to fulfill their homeownership dream.
Customers can get the funds needed to finance the cost of buying land to build a home quickly at an affordable interest rate with monthly or quarterly payment options depending on their income.
Commenting on FCMB’s mortgage loan product, the divisional head of Personal Banking of the bank, Mr Shamsideen Fashola, said: “Homeownership is one of the most important accomplishments of an individual as it goes a long way to secure the future.
“As a responsive and customer-centric institution, our mortgage loan product is tailored towards helping our customers to become landlords, thereby making them secure, accomplished, and fulfilled. The mortgage loan is easy to obtain, and repayment is flexible.
“We want to be part of the success story of our customers. We will continue to support our customers’ dreams and that of Nigerians by giving them the financial support they need to be homeowners when it matters most. We, therefore, advise them to take advantage of the opportunities we offer in the mortgage segment.”