FGMB Home Purchase Loan

Purchase option for 5 Bedroom Terrace wiith Bq 5 Bedroom Terrace in Dakibiya, 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: 17.00% per annum
Finishing Levels: 1
Monthly Payment: ₦1,376,744.69
Minimum Down Payment: 40%
Payment Period: 8 years
Maximum Loan Amount: ₦120,000,000
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: ₦163.20M
Total Principal: ₦31.44
Total Payable (total principal payment + total interest payment): ₦163.20M
Monthly Payment: ₦1.70M
Payment Period: 8 years96 months

Month 1

October 22nd, 2026

Principal payment: ₦0.16
Interest payment: ₦1,700,000
Monthly repayment: ₦1,700,000.16
Remaining balance: ₦119,999,999.84

Month 2

November 22nd, 2026

Principal payment: ₦0.16
Interest payment: ₦1,700,000
Monthly repayment: ₦1,700,000.16
Remaining balance: ₦119,999,999.69

Month 3

December 22nd, 2026

Principal payment: ₦0.16
Interest payment: ₦1,700,000
Monthly repayment: ₦1,700,000.16
Remaining balance: ₦119,999,999.53

Month 4

January 22nd, 2027

Principal payment: ₦0.16
Interest payment: ₦1,699,999.99
Monthly repayment: ₦1,700,000.16
Remaining balance: ₦119,999,999.36

Month 5

February 22nd, 2027

Principal payment: ₦0.16
Interest payment: ₦1,699,999.99
Monthly repayment: ₦1,700,000.16
Remaining balance: ₦119,999,999.20

Month 6

March 22nd, 2027

Principal payment: ₦0.17
Interest payment: ₦1,699,999.99
Monthly repayment: ₦1,700,000.16
Remaining balance: ₦119,999,999.03

Month 7

April 22nd, 2027

Principal payment: ₦0.17
Interest payment: ₦1,699,999.99
Monthly repayment: ₦1,700,000.16
Remaining balance: ₦119,999,998.86

Month 8

May 22nd, 2027

Principal payment: ₦0.17
Interest payment: ₦1,699,999.98
Monthly repayment: ₦1,700,000.16
Remaining balance: ₦119,999,998.69

Month 9

June 22nd, 2027

Principal payment: ₦0.17
Interest payment: ₦1,699,999.98
Monthly repayment: ₦1,700,000.16
Remaining balance: ₦119,999,998.52

Month 10

July 22nd, 2027

Principal payment: ₦0.18
Interest payment: ₦1,699,999.98
Monthly repayment: ₦1,700,000.16
Remaining balance: ₦119,999,998.34

Month 11

August 22nd, 2027

Principal payment: ₦0.18
Interest payment: ₦1,699,999.98
Monthly repayment: ₦1,700,000.16
Remaining balance: ₦119,999,998.16

Month 12

September 22nd, 2027

Principal payment: ₦0.18
Interest payment: ₦1,699,999.97
Monthly repayment: ₦1,700,000.16
Remaining balance: ₦119,999,997.98

S/N	Month	Monthly Principal Payment	Monthly Interest Payment	Monthly Repayment	Remaining Balance
1	October 22nd, 2026	₦0.16	₦1,700,000	₦1,700,000.16	₦119,999,999.84
2	November 22nd, 2026	₦0.16	₦1,700,000	₦1,700,000.16	₦119,999,999.69
3	December 22nd, 2026	₦0.16	₦1,700,000	₦1,700,000.16	₦119,999,999.53
4	January 22nd, 2027	₦0.16	₦1,699,999.99	₦1,700,000.16	₦119,999,999.36
5	February 22nd, 2027	₦0.16	₦1,699,999.99	₦1,700,000.16	₦119,999,999.20
6	March 22nd, 2027	₦0.17	₦1,699,999.99	₦1,700,000.16	₦119,999,999.03
7	April 22nd, 2027	₦0.17	₦1,699,999.99	₦1,700,000.16	₦119,999,998.86
8	May 22nd, 2027	₦0.17	₦1,699,999.98	₦1,700,000.16	₦119,999,998.69
9	June 22nd, 2027	₦0.17	₦1,699,999.98	₦1,700,000.16	₦119,999,998.52
10	July 22nd, 2027	₦0.18	₦1,699,999.98	₦1,700,000.16	₦119,999,998.34
11	August 22nd, 2027	₦0.18	₦1,699,999.98	₦1,700,000.16	₦119,999,998.16
12	September 22nd, 2027	₦0.18	₦1,699,999.97	₦1,700,000.16	₦119,999,997.98
13	October 22nd, 2027	₦0.18	₦1,699,999.97	₦1,700,000.16	₦119,999,997.79
14	November 22nd, 2027	₦0.19	₦1,699,999.97	₦1,700,000.16	₦119,999,997.61
15	December 22nd, 2027	₦0.19	₦1,699,999.97	₦1,700,000.16	₦119,999,997.42
16	January 22nd, 2028	₦0.19	₦1,699,999.96	₦1,700,000.16	₦119,999,997.22
17	February 22nd, 2028	₦0.20	₦1,699,999.96	₦1,700,000.16	₦119,999,997.03
18	March 22nd, 2028	₦0.20	₦1,699,999.96	₦1,700,000.16	₦119,999,996.83
19	April 22nd, 2028	₦0.20	₦1,699,999.96	₦1,700,000.16	₦119,999,996.63
20	May 22nd, 2028	₦0.20	₦1,699,999.95	₦1,700,000.16	₦119,999,996.43
21	June 22nd, 2028	₦0.21	₦1,699,999.95	₦1,700,000.16	₦119,999,996.22
22	July 22nd, 2028	₦0.21	₦1,699,999.95	₦1,700,000.16	₦119,999,996.01
23	August 22nd, 2028	₦0.21	₦1,699,999.94	₦1,700,000.16	₦119,999,995.80
24	September 22nd, 2028	₦0.22	₦1,699,999.94	₦1,700,000.16	₦119,999,995.58

Finishing Levels

These are the different levels of finishing which the 5 Bedroom Terrace wiith Bq can be purchased using the FGMB Home Purchase Loan and the various prices on each finishing level.

Fully Completed (Not Furnished)

A fully finished house is a move-in-ready property where both the exterior and interior are completely done. The outside is fully painted with all doors, windows, and roofing in place. Inside, the walls are painted, ceilings are finished, floors are tiled, and all electrical sockets, light fixtures, and switches are installed. The bathrooms come with toilets, sinks, showers or bathtubs. It’s perfect for buyers who want a home that’s ready to live in without any extra work or finishing costs.

Price: ₦200,000,000
Minimum Initial Deposit: 40% (₦80,000,000)
Monthly Payment: ₦1,376,744.69
Payment Period: 8 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 ₦68,837.23, 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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Buy the 5 Bed Terrace in Dakibiya Abuja with the FGMB Home Purchase Loan. | Giddaa