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To improve home ownership in the country, the First City Monument Bank (FCMB) is offering Nigerians mortgage loans of up to N75 million, and anyone can benefit.
The move, according to information made available to The Tide source, has simplified home ownership for millions of Nigerians who want to own their homes.
According to a report by the Central Bank of Nigeria (CBN), Nigeria needs around 700,000 homes per year for 20 years to accommodate the growing population, which is currently around 197 million.
FCMB seeks to address the nation’s housing deficit through its unique homeownership value proposition.
Determined to remedy this situation, the FCMB urged the public, including employees, to take advantage of its convenient and flexible mortgage product to realize their dreams of home ownership.
According to the bank, customers can get the funds needed to finance the cost of buying land to build a house quickly at an affordable interest rate with monthly or quarterly payment options based on their income.
Commenting on FCMB’s Mortgage Product, Division Manager, Personal Banking, Mr Shamsideen Fashola said, “Home ownership is one of the most important achievements of an individual as it contributes greatly to secure the future.
“As a responsive, customer-centric institution, our mortgage product is designed to help our customers become homeowners, making them safe, fulfilled and fulfilled.
“The mortgage loan is easy to obtain and the repayment is flexible. We want to be part of our customers’ success story.
“We will continue to support the dreams of our customers and those of Nigerians by providing them with the financial support they need to become homeowners when it matters most. We therefore advise them to take advantage of the opportunities we offer in the mortgage segment,” he said.
The bank’s move to make mortgage loans easily accessible to Nigerians is a direct response to the impact of COVID-19 on individual and household incomes and businesses.