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N.H.F. LOAN

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.