MIXTA FLEX
Mixta Flex allows you access to mortgage options and flexible payment plans so you can pay for your home at your convenience and own a home that best suits your budget.
WHY MIXTA FLEX
Long payment duration (Up to 30 years)
Single digit interest rates (As low as 6%)
Instalment payment
Convenient funding channels (Pension or NHF)
Flexible equity contribution (Up to 18 months)
Low Equity Contribution (as low as 10%)
Mixta Flex is available to both NHF and NON-NHF contributors
NHF CONTRIBUTORS
If you or your company consistently contribute to the National Housing Funds in Nigeria, then you qualify to access a mortgage on our affordable products.
This allows you access up to N15m at an interest rate of 6%. Depending on your age, you can pay the mortgage till the accepted age of retirement – 60 years.
HOW IT WORKS
As an employed staff who is also a National Housing Fund contributor, you
can apply for a mortgage once you get an offer letter from Mixta Africa for an
affordable product.
Mixta Africa will assist with your processing in any way that we can. You can
contribute your 10% equity over 12 months and then once approved, pay up
your balance through NHF.
Where the funds do not cover the total amount of the home, you can continue
to pay your balance yourself.
- Interest rate – 6%
- Tenor – Up to 30 years
- Minimum age- 18 years
- Amount accessible – Up to N50 million
NON-NHF CONTRIBUTORS
For those who do not currently contribute to the National Housing Fund but have an active pension contribution, you can access mortgage through your pensions.
Where the funds do not cover the total amount of the home, you can continue to pay your balance yourself.
HOW IT WORKS
For those who do not currently contribute to the National Housing Fund, you can access up to N50m through Home Solutions Fund or make an initial deposit with 2.5% of your pensions if you have an active pension contribution.
Where the funds do not cover the total amount of the home, you can continue
to pay your balance yourself.
HSF
- Interest rate – 15%
- Tenor – Up to 30 years
- Minimum age- 21 years
- Amount accessible – Up to N50 million
FHA
- Tenor – Up to 30 years
- Minimum age- 21 years
- Amount accessible – Dependent on the house price
Properties
EQUITY PAYMENT STRUCTURE
| HOME VALUE | % OF EQUITY CONTRIBUTION |
|---|---|
|
N25M BELOW |
10% |
|
N25M - N40M |
25% |
|
N40M ABOVE |
30% |
