Stanbic IBTC Bank has introduced its home loan solution as a significant step towards bridging the 2.3 million housing gap in Lagos.
The bank’s Chief Executive, Wole Adeniyi, highlighted this initiative at the recently concluded Home Ownership Summit in Lagos, themed “Building Wealth Through Home Ownership.”
Adeniyi emphasized that Stanbic IBTC Bank is dedicated to helping Nigerians achieve home ownership and property wealth creation. The summit served as a crucial platform for the bank to connect with potential homeowners and key industry stakeholders, showcasing the bank’s customized home loan solutions tailored to meet diverse needs and financial capacities.
He revealed that the bank offers various options to support Nigerians in realizing their home ownership dreams. These include easy access to loans, flexible repayment terms of up to 20 years, expert guidance from a team of property specialists, and joint mortgage options with one’s spouse.
READ ALSO: Top 10 Banks Offering Lowest Lending Rates for Real Estate Businesses in Nigeria
“Home ownership is a cornerstone of financial stability and wealth creation,” Adeniyi stated, underscoring the bank’s commitment to facilitating access to home ownership without imposing undue financial strain on clients.
Engr. Abdulhafiz Toriola, Permanent Secretary of the Lagos State Ministry of Housing, delivered a keynote address at the summit, emphasizing the role of home ownership in wealth creation. He noted that home ownership provides security, stability, and the opportunity to leave a legacy for future generations.
READ ALSO: Building Material Cost Surge of Over 130% Worsens Nigeria’s Housing Crisis
“Home ownership has been a cornerstone of wealth creation across the world, according to available data,” Toriola remarked. “It presents security, stability, and the opportunity to leave a legacy for future generations.”
Stanbic IBTC Bank’s home loan solutions aim to address the significant housing deficit in Lagos, offering hope and practical financial support to potential homeowners in the region.
