Introduction to Loans For Real Estate Investors in Nigeria
Introduction to Loan For Real Estate Investors in Nigeria Introduction I n Nigeria, real estate investing may be quite profitable. But for most people, a lack of money stands in the way of starting or growing their real estate holdings. Loans for real estate investors can help in this situation. In this article, we'll compare interest rates for real estate loans in Nigeria and respond to some frequently asked questions about the subject . Comparison of Interest Rates on Nigerian Real Estate Loans The lender, the loan amount, and the loan term all affect the interest rates for real estate loans in Nigeria. The table below compares the interest rates on real estate loans provided by several of Nigeria's leading lenders. Lender Interest Rate (per annum) Sterling Bank 18% - 28% First Bank 21% - 25% UBA 18% - 25% Access Bank 19% - 26% GTBank 18% - 25% The data shows that First Bank has the highest interest rates while Sterling Bank has the lowest rates for loans for real estate. It...