Maximum 20-year tenure (subject to a maximum age of 60 years).
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We all dream of owning our own homes. At Standard Chartered, we are committed to helping you turn that dream to reality. If you are over 21 years old, and have full-time employment, come and talk to us about a mortgage solution to help you achieve your dream of home ownership.


  • Higher loan amounts of up to NGN 200m
  • Longer loan tenor period of 20 years
  • Competitive interest rate as low as 17.9% p.a(when bundled with a credit card)
  • Minimum down payment of 20%
  • Use loan to purchase a holiday home
  • Purchase a home with your spouse, child, parent or sibling
  • Access equity release of up to 80% of Open Market Value of your property

Benefits to enjoy

    • Competitive interest rates on mortgage loans at 17.9%* p.a. - receive a 1% discount on the 18.9% Home Solution interest rate when bundled with a Standard Chartered credit card.
    • Self Employed Priority Clients are welcome - our Home Solution is available to self employed clients (business owners) as we support your dream to own a home.
    • Fast and hassle free processing - can’t wait for your loan? You no longer have to. If you are topping up or transferring your loan to us, you will get your funds sooner while we take care of the paperwork.
    • Joint Mortgage loans (product) - you could include your spouse, child, parent or sibling as a co-applicant for the loan and we shall include


    • Who is eligible for home loan?

      Applicants with verifiable income (paid employment or self-employed)

    • What is the maximum loan amount on a mortgage?

      N200 million

    • What is the loan tenor?

      Maximum of 20 years subject to 60 years retirement age (65 years for Priority customers)

    • What is equity contribution or loan to value?

      Equity contribution refers to the part of the purchase value of the property the buyer must provide. It is currently a minimum of 10% of the value of the property being purchased i.e. for a property worth NGN 10 million, the buyer must provide a minimum of NGN 1 million and the bank finances NGN 9 million. Conversely, loan to value refers to the portion the bank finances, that is, up to a maximum of 90% of the market value of the property.

    • How much is the equity contribution?

      20% of the cost of property

    • What is the minimum loan amount on a mortgage?

      The minimum loan amount we offer is N6 million.

    • What documents do I need to submit to avail a Home Loan?

      • Duly completed application forms
      • Domiciliation of salary with the bank
      • 6 months original payslips
      • 12 months statement of salary account duly stamped by Bank
      • Copy of International Passport, Driver’s licence or National ID Card
      • Letter of introduction/undertaking from Employer
      • Copy of letter of employment and confirmation
      • Address Verification document/current Utility bill
      • For Balance Transfer - Letter of indebtedness from lending bank stating current outstanding balance, property documents in their custody, and state of perfection.
      • Copy of title deed to the property for mortgage
      • Copy of Approved building plan

    • Can a Joint Mortgage be packaged for spouses?


    • How do I repay the loan?

      From your income which will be domiciled with SCB

    • Do I need to open an account with SCB to access and service the loan?


    • What are the stages involved in taking a mortgage loan with SCB?

      • Pre-assessment Stage
      • Processing & Approval Stage
      • Perfection Stage

    • What are the various types of home loans offered by the Bank?

      • Outright Purchase
      • Equity Release
      • Balance Transfer

    • How do I approach SCB for a Home Loan?

      Through any of our branches closest to you, or via email at

    • Can SCB assist me in selecting a home of my choice?

      Yes, we have a list of reputable estate developers and agents who we have SUCCESSFULLY worked with in the past. You can decide to purchase from any of them but this is strictly at your discretion. This service provides the customer assistance in identifying a property that fulfills his/her requirements from a vast database of properties.

    • Can I take out a mortgage to buy land and then build my own house?

      Standard Chartered currently offers mortgages for the purchase of already completed residential properties only.

    • Can I purchase a house anywhere in the country?

      We currently finance the purchase of residential property in Lagos and Abuja only.

    • What proof of ownership(s) is/are accepted by SCB?

      • A government issued Certificate of Ownership
      • A registered Deed of Assignment, Sublease or Conveyance

    • What are the perfection charges, and must I pay them when I am granted the loan?

      Perfection fees are the fees paid to the government for the transfer of ownership of title from the original owner to the customer. It is also used for the registration of Legal Mortgage to note the Bank's interest. Yes, you will be required to pay these fees upfront as it is a condition precedent to drawdown of the mortgage facility.

    • How do you calculate interest on the home loan?

      Interest is calculated as a percentage of the principal amount outstanding on a daily basis i.e. on a reducing balance basis. The interest component of your monthly repayments is therefore larger at at the start of the loan and reduces progressively over the life of the loan.

    • Are interest rate fixed for the entire term of the loan?

      The interest rate for our mortgage is floating in line with prevailing market condition.

    • How much must I earn to be able to secure a mortgage?

      The minimum you must earn to qualify for a mortgage is NGN 150,000.

    • What is EMI?

      EMI refers to equated monthly instalments. It is computed using a formula which spreads interest and principal repayments into equal monthly amounts over the tenure of the loan.

    • What is DBR?

      DBR refers to your debt burden ratio. This is the percentage of your monthly net income (after tax and other deductions) which we would permit you to use to service your mortgage facility.

    • I earn a housing allowance which is paid in bulk annually. Can I use this to service my loan repayments?

      Yes you can. However, we will still require that you make monthly repayments of interest and principal (EMI)

    • Can I settle my loan before it matures?

      Yes you can, Where you are liquidating in excess of 65% of the mortgage balance within the first 5 years, it will attract an early settlement fee of 3%. . Liquidation after 5 years will not attract any early settlement fee.

    • I am about to retire from government service and want to purchase my government owned house. Can you provide a mortgage for this?

      Yes, as long as you are less than 60 years of age and the tenor of the loan you can take will expire before you turn 60 years. Our mortgage facilities are provided to individuals who are 21 years and above and under 60 years at maturity of the loan.

    • I started at my job 2 years ago and I want to purchase my first house in Lagos. Can you provide financing for this?

      Yes we can, if you are confirmed on the new job or you have a total of 7 years work experience including the time you have spent at your new job.

Learn more »

If you want to know how much you can borrow and monthly repayments due, click on our mortgage calculator.

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01 2704611 - 4
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+234 1 2704611 - 4
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