Land Acquisition/Micro
Mortgage Loan
Our mortgage loans offer smart money management, flexible terms, and professional support to ensure comfort, value, and peace of mind throughout the repayment process. Turn your property dreams into reality. With up to 70% financing, flexible repayment, and professional oversight, owning your home has never been easier.
Why Choose Our Mortgage Loan?
Affordable Funding: Access convenient financing for land purchase with the flexibility to build gradually — easing financial pressure.
Smart Money Management: Structure your income better and cut down on waste.
Own Now, Pay Later: Secure your land today while spreading payments over time
Enjoy Early Ownership with Peace of mind, security, and value appreciation in a gated estate even as you repay.
No Omonile (Land Grabbers) Wahala/Trouble
Competitive Rates: Benefit from attractive and affordable interest rates.
Tailored Repayments: Flexible terms aligned perfectly with your income pattern Your dream home is closer than you think. Start the journey today.
FAQs
Eligible applicants are individuals aged 25–55 with a steady and verifiable source of income. Applicants must meet age and income requirements to qualify.
You can access up to 70% of the cost of the land or project, with a maximum loan amount of ₦100 million, subject to credit assessment and bank limits.
A minimum equity of 30% of the land or project cost is required before the loan is approved and disbursed.
The loan offers a tenor of up to 2 years, with an option to revolve depending on performance, repayment history, and bank approval.
The loan is offered at a competitive interest rate, subject to prevailing money market conditions. Other applicable charges include a 1% management fee, monitoring fees, legal/perfection fees, insurance premiums, and other standard bank charges.
Security may include a legal mortgage on the financed land or another acceptable property, third-party or corporate guarantees, registered title documents, undated cheques, and a Remita/NIBSS debit mandate.
You enjoy affordable land financing, the ability to secure your land now and pay later, flexible repayment terms, and early ownership in a secure, gated estate. With no Omonile issues, competitive rates, and structured income management, this loan helps you start your homeownership journey with ease and confidence.
Couldn’t find what you were looking for? Visit our Helpdesk or write to us at help@agmortgagebankplc.com