Standard Chartered Bank Nigeria Limited hosted clients and members of the public to a first of its kind mortgage fair in Nigeria, which brought together key stakeholders across the country within the real estate and property development sector.
The event, which featured an interactive panel session, with clients and members of the public receiving detailed information on due diligence around property ownership; the role of banks; compliance with government regulations and the benefits of insurance and legal counsel.
The Executive Director, Risk of the Bank, Mobola Faloye, said: “We are very excited to hold the first of its kind Mortgage Fair in the Nigerian Banking Industry. Our mortgage proposition to our clients includes interest rates from 17.5% percent; clients can secure loans of up to NGN 100mn and can make outright purchases of properties in Lagos and Abuja.
We are also offering clients the flexibility of securing mortgages not just as individuals but together with their spouses but with their parents, siblings or even children. For us at Standard Chartered Bank Nigeria Limited, convenience, ease of doing business and access to finance are just some of the added values and best in class services and products we bring to our clients.”
The panelists were Adebisi Adeniji, Deputy Registrar, Titles; TPL Osifuye Adesanya Olufunmiloayo, General Manager, Lagos State Physical Planning Permits Authority; Adeola Olusodo, DGM, Lagos State Development and Property Corporation; Joke Gbenro, Managing Partner, Adebanke Adeola & Co.
The fair also had exhibition booth allowing clients process loan applications on the spot with immediate free consultation from real estate developers, real estate lawyers and officials from the Lagos State Government.
Speaking further, Faloye said the bank is currently offering various investment products and working closely with the lands registry in select states to ensure owning a home in Nigeria becomes achievable.