Applications should be supported with the following documentations:

1. An account With LBIC Plc
2. Completed Mortgage Loan Application Form
3. Means of Identification (Such as: Int'l Passport, Driver's License etc.)
4. Recent Utility Bill
5. Applicant's six recent passport photographs
6. Evidence of income tax payment
7. Evidence of equity contribution (Below N5M – Nil contribution, from N5M to N15M – 10%)
8. Last 6 (six) Months' payslip
9. Last 6 (six) Months' Bank statement
10. Letter of introduction from Employer and Staff I.D
11. Security (Title Registration Documents) of the property to be financed
12. Offer and Acceptance
13. Inspection/Valuation Report Fee
14. Birth Certificate/Age Declaration
15. Search/Application Fee; and
16. Where the Loan is for Building Construction, in addition to the above, the following documents will be required
    • An Approved Building Plan and
    • Bill of Quantities

-Other requirements are:

• 0.20% Administrative Fee (One off)
• 0.20% Service Fee (Annually)
• Refund of contribution at retirement with 2% interest
• The amount of Loan obtainable ranges from N5Million to N15Million

For Further information or enquiries, please call Olawale (08023185475), Bisi (08033333720),

Tosin (08167647633), or contact us by email to: customercare@lbicplc.com.