Description

TrustBond

TrustBond Mortgage Bank is a Central Bank of Nigeria licensed institution offering loans for housing purposes in Nigeria.

Mortgage Requirements

Letter of introduction from employer
Application letter
Six months account statement
Valuation and property search reports
Satisfactory credit search report
Copy of title document of the property to be purchased
Valid means of identification-notarized drivers license, national ID card ,international passport
Means of address verification i.e utility bill
Resident permit where applicable
Two photograph passport

Requirements for accessing an NHF Loan

Open a savings account with a registered Primary Mortgage Institution (PMI)
Contribution to the fund for at least six months prior
Have satisfactory evidence of regular flow of income to guarantee the loan
Submit photocopies of valid title documents (e.g. C of O)
Approved survey/site plans
Approved building plans
Priced bill of Quantities where applicable
Valuation report prepared by a firm of registered surveyors and valuers where applicable
Letter of consent to mortgage to your chosen PMI
Apply on a prescribed mortgage loan application form
Offer Letter/Acceptance and Allocation letter (In case of government projects)
In case of registered self employed applicant, a copy of Articles and Memorandum of Association and a copy of Certificate of Incorporation as evidence of employment status must be submitted

A contributor is eligible to enjoy a maximum of N15million repayable over a maximum of 30 years at an affordable interest rate of 6% of the maximum loan amount, 20% equity is required from the contributor