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FMBN grants N1.5bn to Resort Savings and Loans

As the nation grapples with the challenge of providing affordable housing for its citizenry, a leading mortgage Bank, Resort Savings and Loans Plc recently got an approval for N1.5 billion mortgages for more than 125 beneficiaries underNational Housing Fund Scheme in January, 2015.

Managing Director, Mr Abimbola Olayinka during a recent interview said the approval was highly indicative to other Nigerians who are yet to apply for National Housing Fundto do so immediately, as it gives them the opportunity to affordable housing plan.

The MD further disclosed in the statement that the bank had been able to bridge the gap in the housing deficit nationwide by creating over 4,000 housing units, with plans to improve on this target with the recent approval of 1.5 billion from FMBN.

He said to strengthen the Bank’s market position in providing affordable housing in the country, Resort savings and loans plc is partnering with a host of developers in either financing their projects or providing mortgage facilities to their off-takers at affordable interest rates.

This is made achievable through RSL’s wide spread of branch network to be able to reach the Bank’s teeming customers in need of affordable mortgage.To this end, MD/CEO of Resort Savings and Loans states that RSL further expects approval for over 5,000 applicants using the National Housing Fund and Nigerian Mortgage Refinancing Company within year 2015.




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