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AG Mortgage Bank PLC

Leap Into Mortgage (LIMO)

Leap into Mortgage is a smart pathway designed to help you take confident steps towards homeownership with flexible financing options and expert guidance.

Features

Our products are designed to provide accessible, structured, and sustainable pathways to home ownership for individuals, families, and businesses

Low-Income Mortgage Program

Designed for low-income earners who are looking to buy a mortgage contract.

Employee & Cooperative Eligibility

The borrower could either be an employee or a member of a registered cooperative.

Revolving Micro-Mortgage Range

The amount could be between N100,000 & N1,000,000 on a revolving basis.

Loan and Repayment

Maximum Loan amount size is 5million. Maximum repayment period is 36 months

Cashflow-based repayment

The collateral is the mortgage lien and repayment is structured to meet borrowers
cashflow

Collateral

Property serves as collateral

cashflow

Benefits of LIMO

Designed for regular income earners

Finance Land acquisition and incremental construction

FAQs

Who is this mortgage product designed for?

It is specifically designed for low-income and regular-income earners who want to access affordable mortgage financing.

Can employees and cooperative members apply?

Yes. Borrowers can be employees of an organization or members of a registered cooperative.

How much can I borrow?

You can access between ₦100,000 and ₦1,000,000 on a revolving basis, with a maximum loan size of ₦5,000,000 depending on eligibility.

What can I use the loan for?

The loan can finance land acquisition, incremental construction, and office or home renovation.

What is used as collateral?

The property itself serves as the collateral through a mortgage lien.

How long do I have to repay the loan?

The maximum repayment period is 36 months, and payments are structured to match your cashflow, making repayment easier.

Is a large upfront contribution required?

No. One of the key advantages is a low initial contribution, making it accessible for low-income borrowers.

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