NMB Bank launches its Pre-Approved Home Loan facility; customers can now have loan limits approved prior to selecting the property

NMB Bank has announced the launch of ‘NMB Pre Approved Home Loan’ facility. Customers vying to obtain home loans can now have their loan limits approved prior to selecting the property to be purchased. Approval of the required loan limit is based on an individual’s repayment capacity, without prior assessment of the collateral being purchased.

‘The loan facility intends to erase the dilemma customers face in ascertaining the loan limit one is eligible for and facilitate in obtaining the most suitable option in property supplemented by their earnings. We are confident this facility shall aid customers make well informed decisions in purchasing property.’ Said a statement issued by the Bank.

NMB Bank currently has a network of 163 branches, 128 ATMs and 5 extension counters across the country.