Home Business Money Stanbic IBTC Bank Introduces Specialised Mortgage Solution For salary earners
Money

Stanbic IBTC Bank Introduces Specialised Mortgage Solution For salary earners

Share
Logo
STanbicIBTC
Share

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, is pleased to announce its innovative Specialised Mortgage solution designed to address the challenge of accessing mortgage finance for salary earners. Leveraging the National Pension Commission’s (PenCom), policy update allows pension contributors to access part of their retirement savings as equity contributions for a mortgage. This unique product provides individuals with a more accessible pathway to home ownership.

Recognising the challenges salary earners face while trying to access mortgage, Stanbic IBTC Bank has taken a bold step to bridge the divide and empower pension contributors to achieve their housing aspirations.

With the Specialised Mortgage solution, pension contributors can use part of their retirement savings as equity contribution to secure a mortgage. By leveraging this solution, individuals can access affordable mortgage finance with more flexible terms and conditions, making it easier to own a home.

Read Also: Stanbic IBTC Bank Nigeria PMI®: Business Activity Falls Amid Record Increase In Selling Prices

Olu Delano, Chief Executive, Stanbic IBTC Bank, expressed his excitement about this initiative. He said, “We are thrilled to introduce the Specialised Mortgage solution, which addresses the challenges faced by salary earners in accessing mortgage finance and allows them to use their retirement savings for a meaningful purpose. This unique product reflects our commitment to empowering clients and supporting their long-term financial goals.”

As one of Nigeria’s leading financial institutions, Stanbic IBTC Bank provides innovative financial solutions tailored to the unique needs of its clients.

For more information about Stanbic IBTC Bank’s Special Mortgage solution, please visit our website at www.stanbicibtcbank.com.

Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

SABA Steel, Coleman Wire & Cables, Others Collaborate with Ecobank for Inaugural Design & Build Expo

Leading global brands in the building, design and finance sectors are partnering...

CBN Warns Public Against Fraudulent Contract, Project Funding Claims

The Central Bank of Nigeria (CBN) wishes to alert members of the...

Ecobank Opens Market At The London Stock Exchange To Celebrate Successful Issuance Of US$400 Million Eurobond

ETI will use the net proceeds from the issuance of the Notes...

Stanbic IBTC Launches DiSEP 4.0, Empowering Nigerian Youths With Cutting-edge Digital Skills

Stanbic IBTC Holdings, has unveiled the fourth edition of its flagship Digital...