8 Best Banks Offering Real Estate Loans in Nigeria

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Jul 30, 2025

8 Best Banks Offering Real Estate Loans in Nigeria

When it comes to financing your dream property in Nigeria, choosing the right bank can make all the difference. 

8 Best Banks Offering Real Estate Loans in Nigeria

Whether you’re building, buying, or investing in real estate, Nigeria’s top banks offer a variety of loan packages designed to support your goals. From competitive interest rates to flexible repayment plans, these banks are helping individuals and developers access funds with ease. 

Based on Central Bank, business & industry reporting, and market data, here are the best banks offering real estate loans in Nigeria, ranked for affordability, scale, and trust. We include rates, portfolio size, and market share to help you pick confidently.

These lenders combine competitive interest, flexible terms, and solid reputations, making them top choices for Nigerian property buyers and developers alike.

8 Best Banks Offering Real Estate Loans in Nigeria

8 Best Banks Offering Real Estate Loans in Nigeria

When you’re financing real estate in Nigeria, whether buying a home or investing, it pays to know which banks offer the best mortgage packages. Here are some of the best banks offering real estate loans in Nigeria:

1. Access Bank 

Access Bank has carved out a name for itself with its Home Ownership Loan (HOL) and My First Home Mortgage schemes. These options are designed to accommodate first-time buyers and established investors alike. Access Bank’s mortgage loans reached ₦289 billion in Q1 2025, representing approximately 2.3% of its total ₦12.2 trillion loan portfolio.

The bank offers flexible packages like My First Home Mortgage and Home Equity loans with interest rates typically between 15%–17%, and up to 20‑year repayment terms. They also allow clients to purchase properties from approved real estate developers across Nigeria, further reducing risks.

In addition, their loans are processed within reasonable timelines, which helps in competitive property markets. Access Bank remains a top pick for those seeking stability, transparency, and good customer service.

2. Federal Mortgage Bank of Nigeria 

The Federal Mortgage Bank of Nigeria (FMBN) offers the National Housing Fund (NHF) loan, a government-backed initiative that supports affordable housing for Nigerians.

NHF loans carry single-digit interest rates of around 6% and up to 30-year repayment tenors, making them the most affordable in the country. If you contribute to the NHF scheme, you’re eligible for loans of up to ₦15 million at low interest rates (as low as 6%).

The application process is more rigorous but well worth it for the long-term benefits. This is ideal for first-time buyers and public sector workers who may not meet commercial bank criteria. FMBN also partners with several cooperatives and developers to make housing accessible nationwide.

3. Infinity Trust Mortgage Bank Plc (ITMB)

Established in 2002, Infinity Trust is one of Nigeria’s most capitalized and publicly listed primary mortgage banks. It offers real estate loans with interest rates ranging from 6%–14%, repayment periods up to 20 years, and equity contributions as low as 0–10% for NHF schemes.

To date, ITMB has helped more than 10,000 Nigerian families own homes. Its proven track record and affordability rank it among the top mortgage lenders.

4. First Bank of Nigeria 

First Bank offers a robust mortgage scheme through its FirstMortgage platform, tailored for both individuals and developers. With tenures of up to 20 years and interest rates that are competitive within the market, they remain a top choice for many Nigerians.

Their loan can cover up to 80% of the property’s value, depending on the borrower’s income and creditworthiness. They also partner with trusted developers to ensure secure investments.

Whether you’re purchasing your first home or investing in off-plan projects, First Bank’s loan packages are structured to ease financial strain and make real estate ownership more accessible.

5. Zenith Bank 

Zenith Bank provides real estate financing solutions not just for individuals but also for corporate clients and property developers. Their facility covers land acquisition, building construction, and project development.

Although their mortgage options may not be as publicized as others, they are known for their bespoke financial structuring, especially for high-net-worth individuals and real estate firms. Interest rates are negotiated based on the applicant’s relationship with the bank.

If you’re a developer looking for tailored financing, Zenith Bank is often willing to collaborate on large-scale residential or commercial real estate projects across Nigeria.

6. Stanbic IBTC 

Stanbic IBTC Bank provides a reliable mortgage product through its Stanbic IBTC Home Loans, known for its flexible and structured repayment approach.

With tenures ranging from 5 to 20 years and up to ₦250 million in financing, the bank provides stability for long-term planners. Stanbic also allows early repayment without penalties, which is ideal for those looking to clear their loans ahead of schedule.

Their loan options cater to both salaried individuals and entrepreneurs, making them accessible to a broader audience. Their relationship with the Real Estate Developers Association of Nigeria (REDAN) adds an extra layer of trust.

7. Union Bank 

Union Bank’s Mortgage and Real Estate Finance services are perfect for middle-income earners looking to own homes without breaking the bank. They offer home purchase, equity release, and construction loans with up to 15 years tenure.

Their transparent documentation process and partnerships with verified developers are a huge plus. The bank also offers advisory services to help customers choose from government-backed or developer-driven projects.

Union Bank is committed to financial inclusion and extends real estate credit to those who might otherwise struggle to access loans through more conventional institutions.

8. Platinum Mortgage Bank Ltd

Platinum Mortgage Bank, founded in 1992, offers housing and development loans through both NHF and market-rate schemes. They provide 6%–10% interest rates and long tenors up to 25 years.

Platinum supports both individual and estate development finance, with flexible equity contributions based on borrower profile. Its focus on innovation and reliable mortgage operations makes it a solid choice for diverse financing needs.

In conclusion, securing a real estate loan in Nigeria is no longer a luxury reserved for the elite. With offerings from both commercial and government-backed institutions, you now have a variety of options tailored to your income, project size, and long-term financial goals.

Whether you’re a first-time homeowner, seasoned investor, or developer, these banks offer competitive solutions to help you unlock the real estate market in Nigeria.

Be sure to compare interest rates, repayment terms, and eligibility requirements before committing, your perfect property is just a smart loan away.

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