MORTGAGE LOAN SCHEME/OTHER BANKING PRODUCTS
The minimum requirements and conditions for accessing this loan scheme are stated below:
1. Account relationship with Omegasavings and Loans Ltd. .
2. Be a contributor of the NHF for at least six (6) months.
3. Satisfactory Evidence of regular flow of income to guarantee the loan repayment (Last 3 months pay slips.)
4. Must be a Nigerian of 21 years and above.
Maximum Amount: N5million per individual (Amount less than N5M can be accessed)
Tenor: Maximum 30 years depending on the applicant’s retirement age (60 yrs) i.e. loan must be fully discharged on attaining the retirement age. (Effective tenor will be 60 –
Current age)
Interest Rate: 6% p.a
Repayment: Equal monthly amount, to be calculated and advised, based
On your tenor and amount accessed.
To benefit from this scheme, interested staff will have to fulfill these conditions:
Open an NHF account with Omegasavings & Loans with initial deposit of N20,000.00
Save up to 10% of the desired loan.(e.g.N500,000 for the N5m NHF Loan).
Apply with the prescribed NHF mortgage loan application Form
(to be provided by Omegasavings & loans Ltd.)
Benefits:
Attractive interest rate on Omega savings account while processing NHF application.
Property (Houses) can be sourced from available Housing Estates provided by us or independently by your Staff.
Convenient loan servicing and repayment, as repayment is about the same as typical monthly rent.
House can be located anywhere in Nigeria.
Housing loan of up to 90% of the cost of the house. (Cost not more than N5m).
Interest on loan remains fixed throughout the life of the Mortgage at 6% per annum.
Long period of repayment up to 30 yrs.Contributions can serve as an additional old age financial security.
OTHER BANKING PRODUCT AND SERVICES OFFERED BY THE BANK INCLUDE:
Current Account – We provide excellent current account services through our integrated on line real-time link with over 180 branches of Springbank Plc spread evenly across the Federation. Our efficiency and flexibility in service delivery is of immense value added to our teeming customers.
Regular Account – a regular account designed to encourage savings culture and attractive interest rates and paid on the accounts: education savings account, personal savings account, youth savings account.
Omega Saverite Account
Omega Young Enterprise Account (OYEA)
Omega Shelter Facility Account
Omega happy Home Account
Omega First Home Account
TREASURY AND FUND MANAGEMENT
Fixed Deposit
Call Deposit
PROJECT FINANCING PRODUCTS
Mortgage Joint Venture
Mortgage Financing
Estate/Facility Management
Consultancy/Project Management |
