FAQs
Frequently Asked Questions
At Kebbi State Home Savings and Loans Ltd, we believe in transparency, simplicity, and customer satisfaction. We’ve compiled answers to the most common questions our clients ask, from savings accounts to mortgage loans and housing finance, to help you make informed financial decisions.
What services does Kebbi State Home Savings and Loans Ltd provide?
We offer mortgage loans, savings and deposit products, estate development finance, salary advance loans, staff housing schemes, and real estate advisory services to help individuals and institutions achieve their financial and housing goals.
Is Kebbi State Home Savings and Loans Ltd a licensed financial institution?
Yes. We are a licensed Primary Mortgage Bank, regulated by the Central Bank of Nigeria (CBN) and insured by the Nigeria Deposit Insurance Corporation (NDIC).
Who can apply for a mortgage loan?
Our mortgage loans are available to individuals (salaried or self-employed), cooperative societies, and real estate developers who meet our eligibility and documentation requirements.
What are the requirements to open a savings account?
You need a valid means of identification, a recent passport photograph, proof of address (e.g., utility bill), and a minimum opening balance depending on the account type.
Are my deposits safe with Kebbi State Home Savings and Loans Ltd?
Absolutely. All customer deposits are protected and insured by the Nigeria Deposit Insurance Corporation (NDIC).
Do you offer housing loans for civil servants and employees?
Yes. Our Staff Housing Scheme provides long-term, affordable housing finance for civil servants and employees, with monthly repayments deducted directly from salaries.
How does the Salary Advance Loan work?
The Salary Advance Loan is a short-term loan that allows you to access up to 50% of your monthly salary before payday. It’s ideal for emergency or urgent expenses and is repayable within 1 to 3 months.
Can real estate developers access funding from your bank?
Yes. We offer Estate Development Finance to private developers and government housing partners for the construction of residential estates, apartments, and mass housing schemes.
How long does it take to process a loan application?
Processing time varies by loan type and documentation, but we strive to review and respond to all complete applications within 5 to 10 working days.
How do I start the process of getting a mortgage loan?
To get started, visit any of our branches or contact a loan officer to discuss your needs. You will be guided through the application process, required documents, eligibility assessment, and next steps. We also offer free consultations to help you choose the loan product that best suits your situation.
If you have a question that’s not listed here, feel free to contact us directly. We’re always ready to support you.