FGMB Home Purchase Loan

Purchase option for 4 Bedroom Terrace Duplex 4 Bedroom Terrace in Lugbe, Abuja

Please note: although this property is listed, the seller’s authority to transfer title is unconfirmed. Verification occurs when buyers indicate purchase interest, ensuring protection of their interests.

Details

Important details about the FGMB Home Purchase Loan

Interest Rate: 12.00% per annum
Finishing Levels: 1
Monthly Payment: ₦1,412,204.17
Minimum Down Payment: 50%
Payment Period: 20 years
Maximum Loan Amount: ₦60,000,000
Closing Costs: Legal, Insurance, Professional Fees.
Joint applications and co-owners allowed?: Yes

Repayment Schedule

Repayment Schedule for the payment of FGMB Home Purchase Loan

Total Interest: ₦72M
Total Principal: ₦0
Total Payable (total principal payment + total interest payment): ₦72M
Monthly Payment: ₦300K
Payment Period: 20 years240 months

Month 1

November 1st, 2026

Principal payment: ₦0
Interest payment: ₦300,000
Monthly repayment: ₦300,000
Remaining balance: ₦30,000,000

Month 2

December 1st, 2026

Principal payment: ₦0
Interest payment: ₦300,000
Monthly repayment: ₦300,000
Remaining balance: ₦30,000,000

Month 3

January 1st, 2027

Principal payment: ₦0
Interest payment: ₦300,000
Monthly repayment: ₦300,000
Remaining balance: ₦30,000,000

Month 4

February 1st, 2027

Principal payment: ₦0
Interest payment: ₦300,000
Monthly repayment: ₦300,000
Remaining balance: ₦30,000,000

Month 5

March 1st, 2027

Principal payment: ₦0
Interest payment: ₦300,000
Monthly repayment: ₦300,000
Remaining balance: ₦30,000,000

Month 6

April 1st, 2027

Principal payment: ₦0
Interest payment: ₦300,000
Monthly repayment: ₦300,000
Remaining balance: ₦30,000,000

Month 7

May 1st, 2027

Principal payment: ₦0
Interest payment: ₦300,000
Monthly repayment: ₦300,000
Remaining balance: ₦30,000,000

Month 8

June 1st, 2027

Principal payment: ₦0
Interest payment: ₦300,000
Monthly repayment: ₦300,000
Remaining balance: ₦30,000,000

Month 9

July 1st, 2027

Principal payment: ₦0
Interest payment: ₦300,000
Monthly repayment: ₦300,000
Remaining balance: ₦30,000,000

Month 10

August 1st, 2027

Principal payment: ₦0
Interest payment: ₦300,000
Monthly repayment: ₦300,000
Remaining balance: ₦30,000,000

Month 11

September 1st, 2027

Principal payment: ₦0
Interest payment: ₦300,000
Monthly repayment: ₦300,000
Remaining balance: ₦30,000,000

Month 12

October 1st, 2027

Principal payment: ₦0
Interest payment: ₦300,000
Monthly repayment: ₦300,000
Remaining balance: ₦30,000,000

S/N	Month	Monthly Principal Payment	Monthly Interest Payment	Monthly Repayment	Remaining Balance
1	November 1st, 2026	₦0	₦300,000	₦300,000	₦30,000,000
2	December 1st, 2026	₦0	₦300,000	₦300,000	₦30,000,000
3	January 1st, 2027	₦0	₦300,000	₦300,000	₦30,000,000
4	February 1st, 2027	₦0	₦300,000	₦300,000	₦30,000,000
5	March 1st, 2027	₦0	₦300,000	₦300,000	₦30,000,000
6	April 1st, 2027	₦0	₦300,000	₦300,000	₦30,000,000
7	May 1st, 2027	₦0	₦300,000	₦300,000	₦30,000,000
8	June 1st, 2027	₦0	₦300,000	₦300,000	₦30,000,000
9	July 1st, 2027	₦0	₦300,000	₦300,000	₦30,000,000
10	August 1st, 2027	₦0	₦300,000	₦300,000	₦30,000,000
11	September 1st, 2027	₦0	₦300,000	₦300,000	₦30,000,000
12	October 1st, 2027	₦0	₦300,000	₦300,000	₦30,000,000
13	November 1st, 2027	₦0	₦300,000	₦300,000	₦30,000,000
14	December 1st, 2027	₦0	₦300,000	₦300,000	₦30,000,000
15	January 1st, 2028	₦0	₦300,000	₦300,000	₦30,000,000
16	February 1st, 2028	₦0	₦300,000	₦300,000	₦30,000,000
17	March 1st, 2028	₦0	₦300,000	₦300,000	₦30,000,000
18	April 1st, 2028	₦0	₦300,000	₦300,000	₦30,000,000
19	May 1st, 2028	₦0	₦300,000	₦300,000	₦30,000,000
20	June 1st, 2028	₦0	₦300,000	₦300,000	₦30,000,000
21	July 1st, 2028	₦0	₦300,000	₦300,000	₦30,000,000
22	August 1st, 2028	₦0	₦300,000	₦300,000	₦30,000,000
23	September 1st, 2028	₦0	₦300,000	₦300,000	₦30,000,000
24	October 1st, 2028	₦0	₦300,000	₦300,000	₦30,000,000

Finishing Levels

These are the different levels of finishing which the 4 Bedroom Terrace Duplex can be purchased using the FGMB Home Purchase Loan and the various prices on each finishing level.

Carcass

Price: ₦60,000,000
Minimum Initial Deposit: 50% (₦30,000,000)
Monthly Payment: ₦1,412,204.17
Payment Period: 20 years

How it works

How the FGMB Home Purchase Loan works on Giddaa

Policies

Policies for the purchase of FGMB Home Purchase Loan

Default Fee

Default Fee - In the event of a default (Payment after due date plus the grace period, if any), the seller would charge an additional ₦70,610.21, representing 5% extra to the required monthly payment.

Your Affordability

Your affordability for the FGMB Home Purchase Loan

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Application Documents

The documents you need to submit when applying for FGMB Home Purchase Loan

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This plan does not require any documents.

Buy the 4 Bed Terrace in Lugbe Abuja with the FGMB Home Purchase Loan . | Giddaa