AVAILABLE MORTGAGE PLAN FOR THESE PROPERTIES BY LANDWEY

For More Info Call: +2348102951775

BORROWER:

Eligible LandWey investment off-takers

LENDER:

Prudential Mortgage Bank Limited

FACILITY:

Individual Mortgage/ Land Loan

PURPOSE:

Mortgage option to finance the purchase of Land and Residential building from LandWey investment limited

EQUITY CONTRIBUTION:

Minimum of 25% for residential and 40% for Land.

MORTGAGE AMOUNT:

Up to ₦50,000,000.00 (Fifty Million Naira only). TENOR:

1, 15 years (180) months for mortgage Loan

2, 1 year (12) months for Land Loan

MORATORIUM:

N/A

INTEREST/ CHARGES:

1, The interest rate shall be at 18% - 25% per annum for Mortgage Loan, but subject to review at the Bank’s sole discretion in line with prevailing money market conditions.

REPAYMENT:

1, Execution of Remitta/ Paystack on Salary account

2, Executed Twelve (12) un-dated Cheques will be provided on a yearly basis

3, Monthly Repayment of Principal and Interest

DOMICILIATION OF BUSINESS PROCEEDS

For Eligible Business Owner

AVAILABILITY:

1, Subject to fulfillment of the terms and conditions of the loan, the facility will commence from the date of signing the Loan Agreement.

2, Upon approval of facility, a loan will be booked in favour of the borrower

PRE-QUALIFICATION REQUIREMENTS:

1, Open an account with the bank

2, Submission of a formal loan application letter

3, Completion of the bank’s loan application letter

4, 6 months’ payslip (Employed)

5, One (1) year Bank statement (Employed)

6, Copy of borrowers personal profile

FOR CORPORATE BODIES

7, Copy of Certificate of Incorporation

8, Copy of Form CO2 and CO7

9, Copy Of Memorandum and Article of Association of the Company

10, Recent valuation report of the property

11, Company Profile

12, Bank Statement of Accounts (minimum of two (2) years)

13, At least 2 years Audited Financial Statement of the Company

14, Board Resolution requesting for the Loan (on the approved format)

15, Duly signed consent form authorizing the Bank to disclose and obtain your credit information to Credit Reference Agencies as well as other agencies as permitted by regulation

16, Good credit reference from credit rating agencies

For More Info Call: +2348102951775

For More Info Call: +2348102951775