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