NIDO Assist is a specially designed product for Nigerian in the Diaspora. It is an advisory and investment services on land and property acquisition in Nigeria .

Our concern as an institution is that we have identified that so many Nigerians are desirous of owning their own home here in Nigeria or just simply investing in the dynamic real estate business. They are however constrained by disappointments from their relations and friends in whom they entrust their hard earned money.

1. Assistance in the purchase of lands, buildings anywhere in the country.

2. Assistance in the processing and verification of the authenticity of title documents such as C of Os.

3. Assistance in erecting, supervision or development of your building projects, anywhere in Nigeria.

4. Estate projects developments

5. Assistance in the provision of up to date information of trends in the Real Estate Sector

6. Investment advisory service on where and when to buy and sell properties.

The NIDO Assist product is specifically designed to avail Nigerians in the Diaspora, the opportunity of acquiring and investing in the real estate sector in Nigeria without the hassle and worry of the safety of their money.

Method of application

1. Download and fill the application form

2. Either mail through post or scan it and send to us through email.

3. A signed letter of request

BUILDING LOAN

Procedure

Download the online application form
Fill and send back to us
Once the cost of construction as been ascertained, Applicant is expected to remit 30% of construction cost.
Amortization schedule for repayment is forwarded to the applicant.

Fees

1% Flat Legal fee
17%/annum interest rate
Equity contribution is 30% of construction cost
Bank puts in 70%
Repayment is spread 10 yrs
Maximum loan able fund is N15,000,000.00 (Fifteen Million Naira only)
Allow maximum 24months construction
Repayments in Nigerian Naira

Terms and conditions

a. The Applicant must pay for land in full
b. The land shall be the collateral for the building loan
c. Land must have valid title documents
d. Applicant shall declare means of repayment
e. Applicant shall be required to execute a mortgage loan agreement
f. 30% Equity Contribution
g. Title shall revert to Centage mortgage bank on repayment default for 3 (three) months
h. In all building projects, Centage shall reserve the right to use its builders

Processing of C of O

Should the applicant require the Bank to process C of O on their behalf, the following charges are applicable.

a. Land owner (Applicant) shall bear all statutory fees as may be decided by the concerned state or Local government.
b. Processing fees: N250,000.00 – Lands within Lagos Stat
N350,000.00 – Lands outside Lagos State

The Guarantor

The Applicant shall provide a Guarantor who shall be a person well known to him/her, and
of good standing. This Individual MUST be resident in Nigeria, shall be responsible for
supervising the applicant’s transactions with us as well as making sure that the applicant’s
interest is being taken care of.

This Guarantor shall also be liable in case of default by the applicant.

All applicants are at liberty to send their guarantors to examine the locations and properties.