This loan is available to salaried individuals for outright purchase of new homes or equity release on existing residential property.


  • Maximum tenor- 10 years.
  • Minimum tenor- 5 years
  • Maximum Loan Amount: N50 million
  • Minimum Loan Amount: N5 million
  • The minimum equity contribution by the borrower is 30% of the cost of property

Pricing & Repayment:

  • Pricing: Highly Competitive
  • Repayment Source: Salary and other allowances domiciled with FCMB
  • Repayment Type: Equal Monthly Instalments (EMI) Equal Quarterly Instalments (EQI)
  • Maximum Debt Burden Ratio (DBR) of 33.3% of monthly income

Note: Repayment shall be on equal monthly & quarterly basis through deductions from borrower’s specific salary account. The monthly & quarterly payments cover interest and principal