Rent Loan

This enables an employee meet his/her rental obligation while on the journey to home ownership.

Equity Contribution

Equity contribution – Minimum of 10%

Product Tenor/Maturity

1 year rent repayable in 6 to 9 months

2 years rent repayable in 12 to 18 months

Features and Benefits

  • Access of short term facility.
  • Available to employees of structured organizations with terminal benefits
  • Life assurance policy could be used as collateral
  • Tenor up to eighteen (18) months
  • Equity contribution as low as 10%

Eligibility Criteria for Loan

Employees only

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Documentation

  • Completed account opening form
  • Application letter
  • Completed loan application form
  • Letter of introduction from employer
  • Three (3) months pay slip
  • Six (6) months salary statement of account
  • Rent demand notice from property owner/agent

Fees and charges

Below are fees and charges that you may be required to pay:

  • Types of fees

    Charges applicable

  • Rate
    Risk based
  • Fees
    Competitive and negotiable
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Frequently Asked Questions

Salary earners working with corporate , structured organization and confirmed

Salary domiciliation with the Bank is the only security for the loan and it is mandatory

  • One (1) year rent is nine (9) months tenor
  • Two (2) years rent is eighteen (18) months tenor

Payment is made directly to the vendor

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  • Loan Application form

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Terms and Condition

Loan terms and condition goes here

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+234(01)2771127

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info@trustbondmortgagebankplc.com

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