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
