Housing Loans
Housing Loans
The AB housing loan is designed to offer financial support to individuals i.e business owners or salary earners who want to achieve their home ownership dream. The housing loan is designed for home renovation, shop renovation and construction of buildings either house or shop. The housing loan currently ranges from N300,000 to N3,000,000 with a maximum maturity of up to 24 months.
Kindly note that all applications undergo an on-site assessment by one of our lending staff prior to a committee decision.
No mandatory deposits/savings
No audited financial statements required
Flexible collateral arrangements depending on loan size (household goods, business equipment, goods in stock, vehicles, property etc.)
Flexible documentation requirements
No borrower groups - you are responsible only for your own loan
Free SMS Reminder for your Monthly Repayments
Upon submission of all required documents, loan disbursement is guaranteed within 3 working days
ABN Housing Loan Products
ABN loans,“easy, fast and convenient”
| AB Housing Loan | Amount Available | Interest Payable (on reducing Balance) |
|---|---|---|
| For Business owners & Salary Earners | N300,000 – N1,000,000
N1,000,001 – N3,000,000 |
4.5% Interest
4.0% Interest |
| Disbursement Fee | 1% of Disbursed Amount (One-off charge) | |
| Insurance Fee | 1.5% of Disbursed Amount (One-off charge) | |
