The product uses a rent-to-own model that allows beneficiaries to move into FMBN and non-FMBN funded homes and conveniently pay towards full ownership using monthly/quarterly or annual rentals.
The FMBN non-interest rent to own product is available to Nigerians who must be contributors to the National Housing Fund Scheme. It covers both FMBN and non-FMBN funded properties with a maximum price of N15million.
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