Residential Mortgage

A personalized mortgage solution offering competitive pricing and flexible repayment options to help individuals acquire their ideal property.

Features

Transparent loan terms built to support sustainable homeownership.

Eligibility

Individuals (ages 25-55 years) with steady and verifiable source(s) of income

Loan Amount

Up to 70% of the cost of the property, but not exceeding N100 million

Equity

Minimum 30% of the cost of the property

Tenor

Maximum seven (7) years (maximum tenor subject to borrower’s age and retirement horizon)

Security

A legal mortgage over the collateral property supported by registered title documents (such as the Certificate of Occupancy and Deed of Assignment), personal guarantee and/or additional security where applicable, mortgage protection or key-man insurance and property insurance policies, together with access to our nationwide pool of fully documented and perfected property development schemes.

Benefits to Borrower

Own Now, Pay Over Time: Move into your dream property today with convenient payment plan

Smart Money Management: Helps you structure your income into value-creating capital projects

Enjoy benefits associated with ownership (comfort, control, peace etc.)

Tailored Repayments: Flexible repayment terms aligned with your income pattern

Competitive interest rates

FAQs

Who is eligible for the Individual Residential Mortgage Loan?

Individuals between the ages of 25 and 55 with a steady and verifiable source of income.

How much can I borrow?

Up to 70% of the property cost, with a maximum cap of N100 million. You are required to provide a minimum 30% equity contribution.

How long do I have to repay the loan?

The maximum repayment tenor is 7 years, though this may be shorter depending on your age and expected retirement date.

What documents and security are required?

A legal mortgage over the financed property, registered title documents such as a Certificate of Occupancy or Deed of Assignment, Mortgage Protection Insurance, Property Insurance, and a personal guarantee where applicable.

What are the key benefits of this product?

You can move into your property immediately while spreading payments over time, benefit from flexible repayment terms aligned to your income, and enjoy competitive interest rates while building long-term asset ownership.

Couldn’t find what you were looking for? Visit our Helpdesk or write to us at help@agmortgagebankplc.com