Refuge Household Enhancement Facility (RHEF) is a consumer loan product targeted at employees of structured organizations in the private sector and NGOs of the economy whose salary accounts are domiciled with Refuge Mortgage Bank.
You qualify for this if you are self-employed with verifiable and consistent cash flow. The objective is to further support our mortgage loan customers with finance to prepare the house for habitation.
Product Basic Features
The following are the basic features of Household Enhancement Facility (RHEF):
Up to N10M for motor vehicles
Up to N2M for home appliances
Up to 3 years for motor vehicles
Up to 12 months for home appliances
Attractive and competitive interest rate
Equity contribution 10%-20%
Pre-Approval Requirements
The following are the Pre-Approval requirement of Household Enhancement Facility (RHEF):
We have you in mind and the funds available can be tailored to your specific needs. You can get up to N10 million to finance necessary house upgrades, such as cars for easy commuting or appliances like washers and refrigerators.
Flexible Repayment At Your Convenience
Benefit from flexible repayment periods, allowing you to manage your loan conveniently and not be burdened with debt. You can repay auto loans for up to three years and appliance loans for twelve months.
Easy Equity Contribution
Leverage your existing assets through a flexible equity contribution option of only 10% to 20% to improve your improve your loan application's strength and unlock affordable financing.
More Beneficial Products
Mortgage Loans
Refuge Mortgage Loans allow individuals in paid employment or self-employment and corporate organizations to access funds to buy a dream house of their own and corporate offices.
Refuge School Building and Rent Finance empowers schools to expand, acquire property, and meet rental needs.
We work with school owners to expand, buy up the buildings or pay rent. These loans can be paid back within a year for ‘rent’ and up to two years for ‘purchase’ at attractive interest rates.
The Refuge Salary Advance Scheme (SALAD) offers you the needed funds to meet your urgent personal financial obligations such as house rent, school fees, hospital bills, traveling expenses, burial expenses, etc. You have control over the spending.
