MORTGAGE LOANS

1.    Commercial Mortgage Loans

Eurobanc shall make available to interested customers, loans for building or purchase of dwelling houses at below market rates. Recognizing the high interest rate regime in the Nigerian money market, Eurobanc has arranged this product in such a way that our lending rate is competitive and often below the prevailing commercial rates at any time.

2.    Social Mortgage Loans (National Housing Trust Fund)

This facility is tied to the national housing trust fund which was established by decree no. 3 of 1992. Among others, the objective of fund is to facilitate the mobilization of the fund for provision of constant supply of loans to Nigerians for the purpose of building, purchasing, and improvement of residential houses. Eurobanc arranges for the customers who should also be contributors to the fund to access these loans. Where an establishment or its staff is not registered, Eurobanc can undertake to facilitate the necessary registration. Where they are already registered, Eurobanc can assume the responsibility of managing their contributions with the federal mortgage bank.

3.    Renovation Loans/Overdraft

We provide our customers term loans or short term overdraft for renovation of their homes at extremely competitive lending rates.