Nigeria | M-REIF
M-REIF Mortgage Calculator
The maximum M-REIF loan is ₦100,000,000 and loans must end by age 60. Enter your age, any property price and the calculator shows your maximum term, the minimum deposit you need and your illustrative monthly repayment.
Loan cap applied: the loan amount can never exceed ₦100,000,000. For example, a ₦300,000,000 home needs at least ₦200,000,000 down. Minimum contribution: every buyer puts down at least 10% of the property price, so the deposit can never be zero. Age rule: loans must end by age 60, so the longest term is 20 years at age 40, 19 years at 41, and so on. The rate starts at an illustrative 9.75% fixed and you can change it.
Estimated monthly repayment
₦948,517
over 240 months at 9.75% fixed (illustrative)
- Minimum deposit
- ₦200,000,000
- Your deposit
- ₦200,000,000
- Loan amount (max ₦100m)
- ₦100,000,000
- Total interest
- ₦127,644,044
- Total repayment
- ₦227,644,044
Illustrative calculations only. M-REIF eligibility, age limits, actual rates, deposit requirements, terms, lender fees and approval must be confirmed with participating institutions.