23/11/2020
BREAKDOWN OF PAYMENT
PROPERTY LOCATION: APER AKU ESTATE, MAKURDI, BENUE STATE
HOUSE TYPE: 3 BEDROOM DETACHED BUNGALOW
HOUSE PRICE: 7M
PERSONAL STAKE: 20% OF HOUSE PRICE - 1,400,000
LOAN AMOUNT: 5,600,000
INTEREST RATE: 10% PER ANNUM
TENOR: 5 - 10 YEARS
PAYMENT/CHARGES
ACCOUNT OPENING:50,000
APPLICATION FORM:5,000
DEVELOPER FORM:10,000
FAST TRACK FEE:100,000
ADMIN CHARGE: 3.5% OF LOAN AMOUNT - 196,000
DEED OF MORGAGE: 3% OF LOAN AMOUNT - 168,000
FACILITY FEE: 300,000
YEARLY INSURANCE: ,34,020
SUB-TOTAL - 963,020
PLUS
5% AGENCY FEE: 350,000
&
PERSONAL STAKE/CONTRIBUTION: 1,400,000
*TOTAL PAYABLE: 2,613,020*
