Standard Chartered Bank introduces mortgage products


November 23, 2007/BusinessDay


Standard Chartered Bank Nigeria Limited (SCBN) has diversified its product base with the introduction of mortgage products aimed at helping customers obtain their dream homes.


Speaking at the introduction of the mortgage products in Lagos, Sajid Rahman, head, Consumer Banking, Standard Chartered Bank Nigeria (SCBN) said, \"the introduction of our Mortgage product is a reflection of our commitment to providing value-adding products for the benefit of our customers.


We are totally committed to empowering our customers to fulfil their aspirations\".


Stella Ofong-Ekpe, general manager, Mortgages at SCBN, further revealed that the mortgage products provide customers a convenient and flexible means of getting their dream homes.


According to her, \"our mortgage proposition has more customer-focused features and benefits to make owning your dream home more convenient and affordable.\"


These features include, minimum equity contribution of 20 percent, attractive 20 year tenor and option of referrals for offshore mortgage transactions, leveraging on Standard Chartered Bank’s global network and effective coverage of emerging markets.\"


Other features, according to her, include convenient repayment terms through equal monthly instalments, as well as expanded range of mortgage options including financing of ready properties and properties under construction; refinancing of existing mortgage facilities and equity release from owned properties.




Rahman reiterated Standard Chartered Bank’s commitment to providing world class banking services to its customers in keeping with the bank’s objective of being \"The Right Partner\" adding that several other product innovations would be introduced before the end of the year, especially with the bank’s enhanced e-banking capabilities.


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