Wed 30th September, 2020
GTSL Diaspora Accounts
Conditions for NHF loan
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Each applicant is entitled to a maximum loan of N15m, payable over 30 years, at an interest rate of 6% p.a. under the following conditions:
  1. Applicant must be a contributing member to the fund.  However, resuscitation of old accounts or new registration can be effected within 2 weeks
  2. A existing property i.e. renovation, outright purchase, or construction of the applicant's property
  3. A savings or current  account should be opened with Global Trust Savings & Loans Limited with a minimum amount of N5,000 (Five Thousand naira only)
  4. Applicant's contribution of at least 10% of the cost of the project
  5. Tenor will be structured to reflect career age and chronological age of the applicant. i.e applicants over the age of 60 cannot benefit from the fund
  6. Collection and submission of an NHF loan application form from and to Global Savings and Loans Limited
  7. 2 Passport photographs
  8. Evidence of income for the past 3 (three) months in form of pay slips or statement of account
  9. Evidence of ownership of the property i.e C of 0, R of 0, Customary Right of Ownership, Letter of Allocation, Deed of conveyance etc.
  10. Collection and submission of an NHF loan application form from and to Global Trust Savings & Loans Limited Lagos.
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Conditions for NHF loan
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