MREIF portion
₦100,000,000 · up to 20yr
Standard portion
₦65,000,000 · up to 10yr
Combined monthly repayment
₦2,543,263 / mo
You are taking the maximum MREIF amount (₦100M) at 9.75% p.a. and topping up with a Standard Mortgage for the remaining ₦65M at 27.5% p.a.
Total repayment (MREIF + Standard)₦419,013,544
Debt-service ratio72.7% of incomeHIGH
Income may be insufficient
Consider higher equity or a lower loan amount. Your final tenor will also depend on age (retirement cap is 60).
This is an estimate only. Blended rate calculation uses the maximum MREIF allocation first. Final terms are subject to bank approval.