How to Apply for Access Bank Mortgage Loan in Nigeria 2022?
Access Bank Mortgage Loan is one of the best mortgage products you can ever have in Nigeria.
Following our previous article on Access Bank Loans, many of our readers have sent us numerous messages asking for details about Access Bank Nigeria Home Loans.
That is why we have done our little research to give you all the details on everything you need to know about Access Bank Mortgage Loan Nigeria.
Homes have become a priority asset that everyone must acquire.
As you already know, a peaceful home depends on where you live, and that depends on whether you live in a rental apartment or your house.
However, buying or building a house in Nigeria is very expensive, but that does not mean that you cannot build or buy a house.
The good news is that Access Bank has now launched mortgage loan products and if you are looking to build or buy an entire home, the mortgage loan is available to give you everything you need.
What is Access Bank Mortgage Loan?
Access Bank’s home loan is a product the bank offers customers to provide financial assistance to purchase bundled properties that are completed or under construction.
Who is Eligible for Access Bank Mortgage Loan?
Here is the list of those who qualify for the Mortgage loan:
- Business units
These are the people who can apply for mortgage loans from Access Bank.
Requirements to apply for the Access Bank Mortgage Loan in Nigeria
Below are the things you need to apply for Access Bank Nigeria Mortgage Loan:
- Employee status investigation, which are documents proving that you are an employee.
- A letter of offer from the person or company you are buying the property from.
- Title Document.
- bank-approved appraiser’s report.
- Search report.
- Credit Checks.
These are the things you need to apply for Access Bank Mortgage Loan Nigeria.
Steps to Apply for Access Bank Mortgage Loan in Nigeria
Follow the steps below to apply for an Access Bank home loan in Nigeria:
- Visit the nearest Access Bank branch, preferably where you have an account.
- Request home loan details.
- A broker will explain everything you need to know about Access Bank mortgage loans.
- You will receive the application form for a home loan to fill out.
- Fill out the home loan form with the correct information.
- Make sure you have entered the correct information in the correct field.
- Now add the completed construction financing form with the necessary documents and give it to the broker.
- Your application will be forwarded to the relevant department for review.
- You will be contacted by a loan officer throughout the process.
- Once your application is approved, you will be notified when your loan is ready.
How Long Does Access Bank Mortgage Loan Last?
Access Bank home loans have a maximum term of 10 years.
That’s why you can get a maximum 10-year repayment structure after taking out a mortgage loan with Access Bank.
In short, the Access Bank mortgage loan term can be as long as 10 years.