Land Banking is a product is designed to address the issue of little or no fund to invest in land by way of making subscribers to save their funds for some period of time before using it to purchase land. Please note; this product is not an investment product but a “ savings to buy product”
- A customer interested in ibeju-lekki valued at #2,000,000.00 will have an opportunity to pay for 1 year at the same price as outright and save for 12 months with 20% interest on savings to buy the property.
- Customers can withdraw interest and plough back or use saved fund to purchase property.
- The customer can put up the property for sale after allocation.