This account is designed to encourage our customers to save towards owning their own homes. Opening deposit and monthly contribution for both savings and mortgage account are dependent on the customers income and loan requirement.
      
Key features and benefits
•Interest rate on savings account  4%per annum
•Interest rate on mortgage account Discounted rate (4%) less prevailing rates    (presently 19%)
•Repayment period   10years
•Minimum savings period before granting of loan    12months
•Total equity contribution expected from customer    30% of loan requirement
•Maximum loan amount   N4million
•Security    Financed property

Added value
•Springmortgage will undertake to source for and provide a house
•Option of full repayment or interest only repayment
•Discounted rate on prevailing lending rate
•Earn competitive interest on your savings deposit
•Mutually agreed repayment plan to accommodate budget