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Mortgage

Flexible home financing solutions help you turn that dream into a reality

Benefits

Mortgage Features

After completion of one year when you top-up on your existing mortgage loan.

Take advantage of our unique offerings when you transfer your existing mortgage from your lender to us.

Unlock as much as 75% of Open Market Value of your property as cash.

20% of the underlying property value.

Along with your spouse, child, parent or sibling, you can avail this option.

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Mortgage Calculator

Please fill in the following information for an estimation of your repayment amount. The Approximate Monthly Repayment figure for Standard Chartered's Personal Loan is indicative and is not meant to be final or binding on the Bank. The Bank reserves the right to determine the final interest rate in accordance with applicable laws and amount that can be borrowed.

Amount You Want To BorrowPlease enter an amount between NGN 175,000 and NGN 20,000,000

NGN

      Please enter a duration between 3 years and 6 years only.

      Your Preferred Payment Method

      years
      months

      Please enter a duration between 3 years and 6 years only.

      Interest Paid Comparison
      Tenure (in Years) Total Interest Paid Outstanding Mortgage
      1 747,445.90 5,000,000
      2 1,182,111.72 3,590,155.19
      3 1,328,265.95 1,937,435.28
      Download and Print
      Monthly payment175,785.17
      Total interest 1,328,265.95
      Apply Now

      Application Eligibility

      • Minimum of 21 years old
      • Minimum monthly earning of ₦350,000
      • Only for completed residential properties
      • Client must be resident and working in Nigeria

      Documents Required

      • Completed mortgage application form
      • Copy of latest payslip
      • Original stamped 6 months Bank statement (for New To Bank)
      • Letter of awareness from employer
      • Copy of Registered title
      • Copy of Approved building plan

      A government issue Certificate of Occupancy, A registered deed of assignment, sublease or conveyance.

      Standard Chartered currently offers mortgages for the purchase of already completed residential properties only, you can apply for a personal loan to that effect.

      Zero. There is no penalty fee for part of full liquidation.

      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.

      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.

      We currently finance the purchase of residential property in Lagos, Abuja, Ibadan, Ogun and Port Harcourt.

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

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

      The minimum loan amount we offer is ₦6mn for a minimum of 5 years.

      Perfection fees are the fees paid to the government for the transfer of ownership of title from the original owner to the customer and also 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.

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

      We currently finance the purchase of residential property in Lagos, Abuja, Ibadan, Ogun and Port Harcourt.

      Equity contribution refers to the part of the purchase value of the property the buyer must provide. It is currently a minimum of 20% of the value of the property being purchased i.e. for a property worth ₦10 million, the buyer must provide a minimum of ₦2 million, and the bank finances ₦9 million. Conversely, loan to value refers to the portion of the bank finances, that is, up to a maximum of 80% of the market value of the property.

      Minimum of 15% of the cost of the property.

      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 the start of the loan and reduces progressively over the life of the loan.

      • Duly completed application form.
      • Domiciliation of salary with the bank.
      • 1-month payslip.
      • 6 months statement of salary account duly stamped by Bank.
      • Letter of introduction/Awareness from Employer.
      • 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.

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

      The minimum you must earn to qualify for a mortgage is ₦300,000.

      • Prequalification and issuance of letter of Intent.
      • Search and Valuation, Issuance of offer letter and final approval.
      • Disbursement, Cheque exchange and Registration of title.

      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.

      • Outright Purchase.
      • Equity Release.
      • Balance Transfer.
      • Top Up.

      Through any of our branches closest to you, or via email at Mortgage.NG@sc.com

      Yes we can, if you are confirmed on the new job.

      • Valuation: 0.1% of property value capped at 100k per valuation
      • Perfection cost: 7-8% value of property (estimated)
      • Equity contribution: Min of 20% of the value of property valuation
      • Insurance: 0.6% of the loan amount – Mortgage protection, 0.16% of property amount – Fire and special perils
      • Legal Search: ₦10,000 (Lagos) or ₦40,000 (Abuja)
      • Prepayment: Nil
      • Management Fee: 1% (one-off, spread through the life of the loan)

      Call Us

      Call our hotline for further information.

      +2348001235000
      (Toll free number)

      01 2704611 – 4
      (When dialing in Nigeria)

      +234 1 2704611 – 4
      (When dialing from overseas)

      Email Us

      Alternatively, please drop us an email and we will contact you soon.

      Email Us

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      Visit the branch that is nearest to you.

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      Mortgage A mortgage solution to achieve your dream of home ownership.

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