Mortgage Linked Accounts
Jubilee Homeowners Account
Tired of paying rent, aspiring to have a home of your own, need to join the league of prospective landlords, then subscribe to the Jubilee Homeowners account today.
This type of account allows prospective homeowners to save towards equity contributions in owning their homes.
Features
- Minimum opening balance of N10,000.
- Highly Competitive Interest Rate.
- Equity Contribution is 30%.
- Mortgage Tenor of up to 5 years (Subject to review
Benefits
- Account balance is available as an equity contribution to access a mortgage.
- Cheque lodgement to be allowed on the account (where reference and utility bill is provided).
- An Account could be used as target Savings for a future project and other purposes e.g. Rent advance facility and mortgage facility.
- The house purchased will be used as security.
- Loan to be offloaded to NMRC after 6 months of consistent payment.
Requirements for Account Opening
- Duly completed account opening forms.
- Form of Identification: Drivers‟ License, International Passport, National Identity card, Voter's card, and NIN slip.
- Original documents must be sighted and stamped/signed original sighted by the officer of the bank.
- Two passport photographs
- BVN for account signatory is a non-deferrable KYC requirement.
- Valid proof of residence i.e. utility bills issued in the last 3 months (PHCN, WATER, LAWMA, etc.).
- Letter of introduction (applicable only to customers who do not have an acceptable form of identification). The person introducing the savings account holder must be a customer of the Bank with Valid identification and BVN.
- Initial Opening Deposit
Jubilee Home Plan Account
Have challenges settling your rent issues? You can count on us to help you to pay your rent.
This product is designed to assist our customers in paying their house rent with ease while on the journey to becoming homeowners.
Features and Benefits
- The minimum opening balance is N20,000.00.
- Equity contribution of Minimum of 30%
- Access to the short-term facility.
- A minimum of 6 months of banking relationship is required.
- Available to employees of structured organizations and bankers.
- Highly Competitive Interest Rate.
- Monthly repayment with maximum tenor of year
Eligibility Criteria/Checklist for Loan
- Must be a confirmed employee of a reputable company.
- Applicant’s confirmation letter/last promotion/upgrade
- Applicants must not be enjoying similar loans with other banks.
- An applicant is entitled to a maximum of 33.3% of the unencumbered annual salary.
- Submission of the undated cheque for the facility on their salary account or Direct Debit instructions.
- Applicant’s staff ID Card.
- Clean Credit Bureau report.
Documentation
- Completed loan application form.
- An application letter is required.
- Letter of Employment
- 3 Months payslip
- 6 Months' salary statements of account
- Tenancy agreement to confirm the genuineness of the applicant as the bonafide tenant
- Two guarantors, one must be from the level of a Manager.
Requirements for Account Opening
- Duly completed account opening forms.
- Means of identification. Note: a valid means of identification as stated in the account opening package i.e. Copies of driver licenses, International passports, Voters cards
- Two passport photographs
- BVN is required.
- Valid proof of residence i.e. utility bills issued in the last 3 months (PHCN, WATER, LAWMA, etc.).
- A reference is required.
Jubilee Home Rent Account
Have challenges settling your rent issues? You can count on us to help you to pay your rent.
This product is designed to assist our customers in paying their house rent with ease while on the journey to becoming homeowners.
Features and Benefits
- The minimum opening balance is N20,000.00.
- Equity contribution of Minimum of 30%
- Access to the short-term facility.
- A minimum of 6 months of banking relationship is required.
- Available to employees of structured organizations and bankers.
- Highly Competitive Interest Rate.
- Monthly repayment with maximum tenor of year
Eligibility Criteria/Checklist for Loan
- Must be a confirmed employee of a reputable company.
- Applicant’s confirmation letter/last promotion/upgrade
- Applicants must not be enjoying similar loans with other banks.
- An applicant is entitled to a maximum of 33.3% of the unencumbered annual salary.
- Submission of the undated cheque for the facility on their salary account or Direct Debit instructions.
- Applicant’s staff ID Card.
- Clean Credit Bureau report.
Documentation
- Completed loan application form.
- An application letter is required.
- Letter of Employment
- 3 Months payslip
- 6 Months' salary statements of account
- Tenancy agreement to confirm the genuineness of the applicant as the bonafide tenant
Two guarantors, one must be from the level of a Manager
Requirements for Account Opening
- Duly completed account opening forms.
- Means of identification. Note: a valid means of identification as stated in the account opening package i.e. Copies of driver licenses, International passports, Voters cards
- Two passport photographs
- BVN is required.
- Valid proof of residence i.e. utility bills issued in the last 3 months (PHCN, WATER, LAWMA, etc.).
- A reference is required.
Jubilee Home Makeover Account
Wondering how to go about making your home beautiful, attractive, and presentable? Don’t go any further, consider the Jubilee Home makeover Account.
This product is designed to help our customers renovate their homes, makeover their homes, and purchase assets such as Generators, Furniture, and fittings.
Features
- The minimum opening balance is N20,000.00.
- Maximum loan amount of N5 Million Naira only.
- Account balance is available as an equity contribution to access a mortgage.
- Maximum 2 years loan tenor.
- Invoice and receipt in the name of JLMB/Customers for consumer loan
Benefits
- Self- Employed with good cash flow can also apply.
- It requires 6 months banking relationship.
- Highly Competitive Interest Rate.
Requirements for Account Opening
- Duly completed account opening forms.
- Means of identification. Note: a valid means of identification as stated in the account opening package i.e. Copies of driver licenses, International passports, Voters cards
- Two passport photograph
- BVN is required.
- Valid proof of residence i.e. utility bills issued in the last three (3) months (PHCN, WATER, LAWMA, etc.).
- A reference is required.
Jubilee Land Acquisition
Procuring of lands just got easier, interested in getting your dreamland in a serene environment, why go far.
Jubilee land acquisition is for prospective buyers who have plans in acquiring their piece of land.
The said land can be used as collateral for the loan.
Benefits
- The payback period is 24 months (2 years).
- Customer saves 30% of the cost of land within 6 months of banking relationship with JLMB.
- JLMB grants a loan of 70 % ( up to N5 million).
Features
- The minimum opening balance is N20,000.00.
- The land has a valid title document.
- The land can be used as collateral for the loan and must be free from all encumbrances.
Requirements for Account Opening
- Duly completed account opening forms.
- Means of identification. Note: a valid means of identification as stated in the account opening package i.e. Copies of driver's licenses, International passports, Voter cards
- Two passport photographs
- BVN is required.
- Valid proof of residence i.e. utility bills issued in the last three (3) months (PHCN, WATER, LAWMA, etc.).
- A reference is required.
