GEN-Z Mortgage Loan
At AGMB, we are committed to encouraging the next generation of homeowners, including young professionals, first-time buyers, freelancers, and creatives on the path to owning their own home. Where you do not have the required Equity contribution, we specifically encourage you to save towards the equity contribution.
Benefits to Borrower
Opportunity to climb the home ownership ladder sooner than later
Access to our curated pool of properties nationwide
Access to financial education, advisory services, and property investment tips
FAQs
Eligible applicants are Gen-Z individuals aged 18–30, including young professionals, freelancers, entrepreneurs, and creatives who can show a stable or emerging income stream.
You can access between ₦5 million and ₦15 million, depending on the property type and your income profile.
The tenor ranges from 5 to 20 years, determined by your age, income stability, and repayment capacity giving younger borrowers longer flexibility.
A minimum equity contribution of 10% of the property cost is required before loan disbursement.
The loan features a fixed interest rate of 28% per annum for the first 2 years, after which it becomes adjustable based on market conditions. A 1% management fee and other standard bank charges also apply.
Security includes a legal mortgage over the property’s registered title. Additional requirements may include a third-party or parental guarantee, undated cheques, and a Remita/NIBSS debit mandate.
Borrowers can own property early while paying over time, enjoy discounted interest rates, and benefit from flexible repayment options like step-up/step-down structures or moratoriums. The process is also fully digital, with mobile-based applications, e-signatures, and advisory services for long-term wealth building.
Couldn’t find what you were looking for? Visit our Helpdesk or write to us at help@agmortgagebankplc.com