Connect with us

Business & Economy

Stanbic IBTC Bank Introduces Specialised Mortgage Solution For Salary Earners

Published

on

By

Stanbic IBTC Pension Managers, National Pension Commission, Stanbic IBTC Nominees, Stanbic IBTC Pension Managers

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, announced its innovative Specialised Mortgage solution designed to address the challenge of accessing mortgage finance for salary earners.

Leveraging the Pension Commission’s (PENCOM) policy update allows pension contributors to access part of their retirement savings as equity contributions for a mortgage. This unique product provides individuals with a more accessible pathway to home ownership.

Recognising the challenges salary earners face while trying to access mortgages, Stanbic IBTC Bank has taken a bold step to bridge the divide and empower pension contributors to achieve their housing aspirations.

Advertisement

With the Specialised Mortgage solution, pension contributors can use part of their retirement savings as equity contributions to secure a mortgage. By leveraging this solution, individuals can access affordable mortgage finance with more flexible terms and conditions, making it easier to own a home.

RECOMMENDED: Stanbic IBTC Pension Managers Limited Did Not Defy Pencom’s Directive On Gifts

Olu Delano, Chief Executive, of Stanbic IBTC Bank, expressed his excitement about this initiative. He said, “We are thrilled to introduce the Specialised Mortgage solution, which addresses the challenges faced by salary earners in accessing mortgage finance and allows them to use their retirement savings for a meaningful purpose.

”This unique product reflects our commitment to empowering clients and supporting their long-term financial goals.”

Advertisement

As one of Nigeria’s leading financial institutions, Stanbic IBTC Bank provides innovative financial solutions tailored to the unique needs of its clients.

For more information about Stanbic IBTC Bank’s Special Mortgage solution, please visit our website at www.stanbicibtcbank.com.

Facebook Comments
Advertisement
READ:  The Media Monitoring Industry In Nigeria: Key Players, Specialties, And Need For An Association