As one of the oldest Mortgage Bank in Nigeria, LBIC is involved in the disbursement of National Housing Fund. Any contributor to the scheme with acceptable collateral can therefore apply for a loan from the fund through LBIC. Interest rate is determined by Federal Mortgage Bank of Nigeria (FMBN). Presently, the interest rate is 6% while maximum amount that can be accessed is  =N=25Million repayable over a maximum period of thirty (30) years.

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