NPMB- NPF(FMBN) – Renovation Loan

This Product is designed as a quick-win that allows customer access Renovation loan from Federal Mortgage Bank of Nigeria(FMBN) to improve existing properties owned by them personally or through family.


  1. Maximum loan amount is N1m
  2. Maximum repayment period of 4years
  3. Flexible repayment mode –  monthly payment of principal and interest
  4. Domiciliation of Salary
  5. Payment can be made by cash, cheque,  or direct deduction from employee’s salary.

What to do:
Open a NPMB Current Account with initial deposit of N5,000
Domiciliation of Salary account
Letter of introduction from your employer
Statement of Bank Account for the last 6 months.
Satisfactory Bill of Quantity for the Renovation.
Non refundable fee of N10,000

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