This laudable initiative considers the importance of shelter to Nigerian citizens especially low and middle income earners that have to save for years before they can build for themselves. It aims at delivering homes to those who would apply without stress, putting smiles on the faces of Nigerians now, and during retirement.

Through MREIF, FirstBank will provide eligible customers with access to loans of up to N100 million with a repayment period of up to 20 years, at an attractive interest rate of 9.75% per annum. This is less than the usual interest rate on regular loans which sit at about 27% or more today. The repayment duration of 20 years makes the loan attractive for customers without stress.

The mortgage facility is available to salary account holders, business owners, and diaspora customers.

Interested customers are required to visit the Bank’s website: https://www.firstbanknigeria.com/personal/loans/mreif-home-loan/  where they can find detailed information and begin their journey toward homeownership.

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Through a strategic partnership with the Ministry of Finance Incorporated Real Estate Investment Fund, MREIF, First Bank of Nigeria Limited is unlocking access to one of the most affordable mortgage windows currently available in the country.

Backed by a N1 trillion MREIF fund designed to bridge Nigeria’s housing deficit, the initiative empowers Nigerians with long-term, low-cost credit to own their homes, not just dream about them.

Eligible customers can access up to N100 million, repayable over 20 years, at an attractive interest rate of 9.75% per annum, significantly lower than prevailing commercial lending rates hovering around 27% or more.

For many families, that difference could mean the gap between endless rent payments and holding the keys to their own property.

The facility is open to salary account holders, business owners and even diaspora customers looking to invest back home.

With housing prices unlikely to wait and opportunities this competitive rarely lasting long, if you want to own your own home, act quickly.

Interested applicants can visit FirstBank’s website to explore details and begin their journey toward owning a home before the window closes.

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