Intercontinental Homes Innovative Mortgage Products and Services
This account is designed to enable customers save towards owning their own home by saving periodically over a period of time to qualify for a loan. The loan can be used to buy a piece of land or built-up property or to finance building construction.
Features
- Periodic (monthly) deposit
- Savings towards acquisition of desired property
- Minimum contribution of N30,000
- Subscription based on Gold, Diamond and Platinum categories
- Interest rate is floating
Benefits
- Realistic plan to home ownership
- Compounded interest payment on monthly savings
- High interest -3% above regular savings interest
- Easy access to mortgage loan
- Priority accorded over properties financed by the bank
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This is a Mortgage linked “Pension” scheme that allows individuals service mortgage loans and save simultaneously.
Features / Benefits
• Maintenance of a Mortgage Endowment account
• Monthly savings (endowment amount) is constant
• Competitive mortgage/savings rate
• Encourages savings beyond mortgage period
• Account accommodates exigencies.
• Lump sum (pension benefit) at the end of mortgage endowment
• Customised retirement plan outside / alongside pension
• Savings on mortgage insurance |
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This product allows Corporates satisfy collective employee housing needs without undue administrative and interest expenses. Features / Benefits - Company maintains fixed deposit account for 24 months
- Competitive interest payable on Company's deposit
- Guaranteed employees' access to mortgage loan
- Flexible mortgage (land/building)
- Longer mortgage tenor
- Savings on employee loan administration costs
- Builds employees' loyalty and retention
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Mortgage Products
