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FCMB extends home loans to clients

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  • To improve home ownership in the country, First City Monument Bank (FCMB) offers Nigerians loans of up to N75 million, and anyone can qualify. 

To improve home ownership in the country, First City Monument Bank (FCMB) offers Nigerians loans of up to N75 million, and anyone can qualify


The move has facilitated home ownership for the millions of Nigerians who want to own their own homes. According to a report by the Central Bank of Nigeria, Nigeria needs about 700,000 homes every year for 20 years to accommodate the growing population, currently about 197 million. 

 First City Monument Bank wants to close the national housing shortage with its unique housing ownership proposal. Determined to rectify the situation, the FCMB urged the community, including leading people, to take advantage of their simple and flexible home loan product to realize their home ownership dream. 

 According to the bank, customers can get the money needed to cover the cost of buying land to build a home quickly with affordable interest rates with monthly or quarterly payment options depending on income. 

 Commenting on FCMB's loan product, the Head of the Personal Banking Unit, Mr Shamsideen Fashola, said: 

“Home ownership is one of the most important personal achievements as they go a long way in protecting the future. As a responsive and customer-focused institution, our home loan product is designed to help our clients become homeowners, thus making them safer, more secure and more fulfilling.

 “Home loans are easy to come by, and repayments are flexible. We want to be part of the success story of our customers. We will continue to support the dreams of our clients and the people of Nigeria by providing them with the financial support they need to become homeowners where it matters most. 


Therefore, we advise them to take advantage of the opportunities we offer in the real estate sector. ”

 The bank's decision to make loans more accessible to Nigerians is a direct response to the impact COVID-19 has had on personal and household and business income.

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