MREIF - Managed by the Ministry of Finance Incorporated, this plan offers mortgages at 9.75% interest, with a repayment period of up to 25 years and a maximum loan amount of ₦100 million.
Per Month
9.75%
Interest Rate
Semi Finished
Finishing Level
₦95,000,000
Finishing Level Price
10% (₦9,500,000)
Minimum Initial Deposit
₦100,000,000
Max Loan Amount
1 year and 8 months
Max Payment Period
Outright Purchase – A simple, one-time payment method where buyers pay the full cost of the home upfront, securing ownership immediately.
One-Time Payment
Semi Finished
Finishing Level