Banking | Mortgage | Real Estate

Refuge Household Enhancement Facility (RHEF)

Enhance Your Refuge, Enhance Your Life

Access up to N10m for motor vehicles or up to N2M for home appliances at competitive rates with the Refuge Household Enhancement Facility (RHEF).

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Turn Your Housing Estate Into an Exquisite Structure

We offer a strategic partnership helping you to fund well-timed projects that enhance your neighborhood’s aesthetics, infrastructure and market value.

This product focuses only on financing expenditures that aim to improve the external ambience of the existing estate through the following:

Asset Acquisition

Improvement of Facilities

Redevelopment of the
Estate

Upgrading of Infrastructure
within the Estate

Product Requirement

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):

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Funds For Your Specific Needs

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

Salary Advance Scheme (SALAD)

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.

Commercial Mortgage Financing

Our Commercial Mortgage Financing product allows shop owners with duly proof of ownership to access funds to meet their business’s working capital needs.

Rent Finance

Break free from hefty rent deposits. With our help, you can secure your dream rental instantly – no upfront costs, zero equity contribution, and just your salary as collateral. This product entails giving out rent loans to individual customers or a group, e.g. staff members, payable within one year with attractive interest rates.

Get in Touch With Us

Choose Refuge Mortgage Bank. Choose advancement.

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Refuge Household Enhancement Facility (RHEF)