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Legal Framework Aims and Objectives Funding Benefits Eligibility for Loan Misconceptions Testimonials

 

  • Housing loan of up to 90% of the cost of the house.
  • Interest on loans remains fixed throughout the life of the mortgage at 6% p.a.
  • Long period of repayment of up to 30 years.
  • Contributions can serve as additional old age security.
  • Up to N15 million can be borrowed.
  • Refunds with 2% interest on retirement.
  • Loan repayment is about the same as a typical monthly rent.
  • Every contributor has:
    • A lifetime registration number;
    • A passbook for personal recording of contributions; and
    • An account statement

 
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