Abayomi Susan
FirstBank’s MREIF mortgage loan offers Nigerians a unique opportunity to own their dream homes, in partnership with the Ministry of Finance Incorporated (MOFI). The initiative aims to bridge the housing deficit and empower citizens with accessible credit to purchase homes across all 36 states of the federation, including the Federal Capital Territory (FCT).
This impactful programme recognizes the importance of shelter, particularly for low- and middle-income earners who often spend years saving to build their own homes. It is designed to make homeownership simple and stress-free, bringing comfort and security to Nigerians now and in the future.
Through MREIF, eligible customers can access loans of up to ₦100 million with a repayment period of up to 20 years at a competitive interest rate of 9.75% per annum—significantly lower than typical loan rates of 27% or more. The extended repayment period ensures affordability and reduces financial strain for applicants.
The mortgage facility is open to salary account holders, business owners, and diaspora customers.
Interested applicants can visit the Bank’s website at https://www.firstbanknigeria.com/personal/loans/mreif-home-loan/ to access detailed information and begin their journey toward owning a home.
