Diaspora Mortgage

This enables Nigerians resident abroad to purchase or refinance a home in Nigeria.

Features and Benefits

Convenient Payment Plan towards home ownership

  • Access to mortgage facilities
  • Property purchased will appreciate over the period of the facility
  • Convenient equity build-up
  • Longer repayment tenor
  • Convenient repayment plan
  • Competitive pricing
  • Flexible terms and conditions

Eligibility Criteria for Loan

Nigerian citizens that are resident abroad with work permit.

CHECK ELIGIBILITY APPLY FOR LOAN

Documentation

  • Application letter
  • Completed loan application form
  • Offer letter from vendor on property to be purchased
  • Letter of introduction from employer
  • Retirement Savings Account contributory statement
  • Six months pay slip
  • Six months account statement
  • Valuation and property search reports
  • Satisfactory credit search report
  • Copy of title document of the property to be purchased
  • Notarized means of identification
  • Residence status documentation
  • Evidence of tax payments
  • Letter of introduction from employer
  • Profile/information of the employer
  • Six (6) months offshore bank statement
  • Offshore pension savings account details and statement
  • Latest offshore credit check on the customer not more than 30days old
  • Notarized utility bill to evidence address abroad
  • Contact details in Nigeria
  • Copy of title of the property must be duly registered
  • Nigerian international passport
  • Minimum of 40% equity contribution
  • Offer letter from vendor
  • Credit search
  • Legal search
  • Valuation report
  • Any other documents as may be required

Fees and charges

Interest rate is risk based and subject to market conditions, while fees are negotiable.

APPLY FOR LOAN

Frequently Asked Questions

What is the maximum tenor for a mortgage?

Tenor is up to 20 years subject to 5 years to retirement.

Can I remit my monthly repayment in foreign currency?

No, all payments shall be received in Naira.

How much equity contribution can I make?

You need a minimum of 40% equity contribution.

Can I make part liquidation and is there penalty?

You can part-liquidate without penalty.

Do I need to provide collateral for the facility?

Yes, the house being financed will be the collateral for the facility.

Download loan forms now

Fulfil your dreams to lead the life you want, the way you want, with a personal loan! Download loan forms now!

  • Loan Application form
DOWNLOAD COPERATE LOAN DOWNLOAD INDIVIDUAL LOAN