Banking | Mortgage | Real Estate

Refuge Rent to Own Advance Product

Get 120% of Your One Year Salary to Buy Your Dream Home.

Rent to Own Advance 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 to access funds to their dream house and pay over a period.

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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 Basic Features

The following are the basic features of Rent to Own Advance Product:

Up to 120% one-year net annual salary subject to a maximum of N20M and debt-to-income ratio in line with regulations
Tenor up to 36 months
Letter from employer confirming employment status, monthly/annual net salary, terminal benefits (where available), and other allowances and irrevocable domiciliation of salary, terminal benefits, and allowances with Refuge Mortgage Bank throughout the loan period by the employer
Corporate guarantee of the employer (where applicable)
Credit life policy where there is no corporate guarantee of the employer brokered by the bank’s authorized brokers with Refuge noted as first loss payee

Pre-Approval Requirements

The following are the Pre-Approval requirement of Rent to Own Advance Product:

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Achieve More With Us

Finance Your Dream Home

This solution is for you to own a house while still renting. If you love the home you are now, and you want to buy it, we can help you make that possible. With Refuge Mortgage Bank, you can own it fast with 20MN available.

Gradual Ownership Journey

Rent to Own Advance allows you to own your home while paying gradually through a structured agreement. This provides the time to build equity and improve your financial standing while achieving home ownership.

Enjoy A Flexible Repayment Option

Take advantage of a stress-free ownership transfer with a customized payback plan for up to 36 months, based on your financial position. At Refuge Mortgage Bank, we are committed to making repayment easy.

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.

Finance for Professionals

Refuge Finance for Professionals (REF-P) is a risk asset product for individual professionals. It is meant to create a strong bond between the clients and the bank through support and financing.

Estate Improvement Account

We don’t just finance improvements; we finance dreams. Let us assist you in creating your ideal home and estate.This product focuses only on financing expenditures that aim to improve the external ambience of the existing estate through the following:

Get in Touch With Us

Breathe Easy with Refuge SALAD. Contact us to apply now.

Choose Refuge Mortgage Bank. Choose advancement.

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Refuge Rent to Own Advance Product