Abayomi Susan
Stanbic IBTC Bank is reinforcing its role as a leading provider of home financing in Nigeria through its partnership with the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF), helping professionals, entrepreneurs, couples, and Nigerians in the diaspora achieve homeownership with greater convenience and confidence.
At a time when housing demand continues to outpace supply and mortgage access remains limited, the Bank is supporting qualified Nigerians with tailored financing solutions designed to simplify the path to owning a home. Through streamlined processes and dedicated customer support, Stanbic IBTC is addressing many of the challenges traditionally associated with home financing.
The MREIF offering provides competitive terms, including a fixed interest rate of 9.75 percent, financing of up to ₦100 million, and repayment tenures of up to 20 years, making it suitable for salaried professionals and business owners alike.
Customers also benefit from end-to-end support services covering pre-qualification, documentation assistance for mixed-income applicants, digital verification, and transparent communication throughout the application process. Subject to the submission of required documents, many applications are now being completed within three to four weeks, improving accessibility for Nigerians both locally and abroad.
The initiative continues to deliver measurable impact, with more professionals acquiring homes in fast-growing communities, families securing long-term stability, and entrepreneurs building wealth through property ownership. Through the MREIF scheme, the Bank has facilitated seamless ownership transitions for many clients, enabling them to convert recurring rental costs into long-term equity and valuable assets.
Interested individuals can learn more by visiting the dedicated MREIF Home Loans page via Stanbic IBTC MREIF Home Loans or by visiting any Stanbic IBTC Bank branch nationwide.
