PRODUCT DESCRIPTION

Designed to provide access to the National Housing Fund (NHF) loan from Federal Mortgage Bank of Nigeria for individuals to buy, develop, complete or renovate their homes. This facility is available to individuals who have been contributing to the NHF scheme for the past six months.

FEATURES
Repayment period	Maximum of 30 years subject to applicant’s age
Banking relationship prior to application	6months
Security	Financed property
Interest rate on mortgage	6% p. a
Maximum loan exposure	N 15million
Equity contribution	10% for loan less than 5million 20% for loans between 5million and 10million 30% for loans above 10 million

BENEFITS
• Earn good interest on your savings deposit
• Access to NHF loan
• Flexible & convenient repayment period to match customers’ income / budget
• Long tenor of repayment subject to age of applicants
• Stable interest rate throughout the tenor

INSURANCE
Beneficiaries will be required to obtain property and home protection insurance and the annual premium on renewal of the policy will be borne by the obligor

Form ID.		Account type	SMB NHF Accounts
Personal Details
Title	Mr Mrs Chief Others	First Name
Last Name		Email
Phone No. (office)		Phone No. (home)
Date of Birth		Postal Code
Do you have any existing NHF account		No Yes
If yes, NHF No
Means of ID	Driver's Licence Int. Passport	Exp. Date
Residential Address
Nationality		Local Govt. Area
Work Details
Date of Employment		Business / Occupation
Business Address
Employer's Name		Previous Employer
Next of Kin
First Name		Last Name
Relationship		Phone No.
Address

I hereby apply for the opening of account(s) with Skye Mortgage. I understand that the information given herein and the documents supplied are the basis for opening such account(s) and therefore warrant that such information is correct. I have read the terms and conditions governing the operations of the account(s) and agree to be bound by them.