• Couples are able to pull resources together to buy a bigger property which ordinarily they could not have accessed as individuals.
• Applicant are legitimate couples.
• Repayment capacity is on both applicants.
• Applicants are both financially committed.
• Applicants are joint and co-owners of the property.
• Obligor limit is N50million
• Maximum tenor of 240 months subject to 60 years retirement age.
• Minimum equity contribution of 20-30% depending on the location.

• Copy of the Title Documents to the property (ownership must be in the name of the customer).
• Copy of the Approved Building Plan.
• Copy of the Bill of Quantities.
• Valuation Report on the property and if there has been any construction on site, photographs of the property showing front, back and side views.
• Equity contribution of 20%-30% of the property cost excluding cost of the land depending on the location.
• Cash flow projection on loan repayment.

• Vendor’s Offer Letter.
• Copy of the Title Documents to the property (ownership must be in the name of the vendor).
• Copy of the Approved Building Plan.
• Copy of the Bill of Quantities/Cost Estimates if the property is to be renovated.
• Valuation Report of the property.
• Photographs of the property showing front, back and side views.
• Equity contribution of 20%-30% of the property cost excluding cost of the land depending on the location.
• Cash Flow Projection on loan repayment.

• Security is Legal Mortgage on the property being constructed/purchased.
• Mortgage Protection Assurance Policy is required.
• Fire & Special Peril Insurance policy required through FBN Insurance Brokers, if loan is approved.
• Irrevocable domiciliation of salary for the duration the facility.

• Consumer Loan Request Form.
• Status Enquiry Employer.
• Current 3-6 months payslip
• 3-6 months Bank Account Statement
• 3 passport photographs
• Means of Identification- Driver’s License/International Passport/National Identification.
• Utility Bill of residence/Company address.
• Letter of recent remuneration.
• Current account with FirstBank.
• Letter of Introduction from employer.

• Download the Consumer Loan Application Form
• Complete the form and submit to the Retail Team at the nearest FirstBank branch

Can a self-employed applicant who has banking relationship with FirstBank go into joint mortgage with his/her spouse in a paid employment?

Can legitimate couples who work in the same organization partake in this facility?