If you are in the market to buy a home, consider a loan from Stanbic IBTC Bank.

With a minimum equity contribution as low as 10% for an outright purchase, the affordable monthly repayments can be spread over up to 20 years. Do you already own a home but looking to make an improvement or buy a second residential property? Then consider our equity release loan. This sort of loan could release up to 80% of your existing property's value do just that.

What we offer you

• Minimum loan amount is N3,000,000
• The minimum property value on which we may provide a loans is N5,000,000
• We provide loans for the following areas:
  • Lagos
  • Ibadan
  • Ogun
  • Abuja
  • Kano
  • Kaduna
  • Benin
• A maximum installment of 35-45% of your net salary (depending on your credit risk profile)
• Flexible principal repayments - monthly, quarterly or once or twice a year.
• With your home loan, you also get a MasterCard international credit card with no additional approvals needed

What you need to apply

• You need to earn a monthly net salary of N200,000 for a home loan or N140,000 for an equity release loan
• Your salary must be put into your Stanbic IBTC Bank account
• You must have been with the same employer for at least 12 consecutive months
• You must give us a letter of introduction from your employer or a copy of your letter of employment if you have been with your employer for less than 12 months
• If you work on a contract basis, we need a copy of your most recent contract
• Your last three months' pay slips
• Must be a Nigerian citizen with permanent residency
• If your Stanbic IBTC Bank account was opened in the past six months, you need to give us copies of your account with a another bank a period of six months.
• Proof of your address, such as a recent utility bill or a billing document proving your address.
• A completed home loan application form, which you can get from any of our branches.

Visit any one of Stanbic IBTC Bank branches that can be found in all of the 36 states of Nigeria. Call us on STANBIC (0700 2255 7826242) or email homeloans.nigeria@stanbic.com for more information on our home loan options.