Own Your Home With Confidence
A Simple Digital Mortgage Designed To Make Homeownership Faster Easier And More Accessible
Product Overview
HomeNow™ Mortgage is GlobalTrust Mortgage Bank's flagship digital mortgage product designed to provide fast, secure, and convenient access to home ownership for qualified buyers. Built on NMRC-compliant underwriting standards, HomeNow™ delivers a fully digital experience with 24-hour mortgage disbursement for move-in ready properties on our pre-approved list.
Key Features
- 24-hour digital mortgage disbursement
- Available only on pre-approved property list (vetted for title, valuation, location, and marketability)
- Slightly reduced equity requirement (minimum 35–40%)
- Compulsory purchase of LifeShield™ Mortgage Insurance (covers death, job loss, disability)
- Fixed-rate mortgage with transparent pricing and tenure (2–12 years)
- Instant digital fund transfer to verified property developer or seller
- Paperless documentation and e-signature integration
- In-app application tracking and support
- Fully NMRC-compliant underwriting with guaranteed secondary market refinancing
Eligibility & Subscription
Applicants must meet the following minimum requirements in line with NMRC standards and internal GlobalTrust policies:
- Minimum verifiable income of ₦250,000/month
- Employment status: Full-time salaried staff or business owners with 24-month operating history
- Maximum age at end of mortgage: 60 years
- Clean credit history with minimum credit score of 650
- BVN and NIN verification completed
- Satisfactory debt-to-income ratio not exceeding 40%
- Must choose from GlobalTrust pre-approved housing list only
Underwriting and Approval Process
HomeNow™ underwriting adheres strictly to NMRC standards and incorporates digital automation at every stage:
- 01
Application submitted via mobile/web app
- 02
Instant BVN, NIN, employment and income verification
- 03
Automated credit check and risk scoring
- 04
Collateral review (pre-approved property list)
- 05
Valuation cross-check
- 06
Issuance of Offer Letter
- 07
Disbursement within 24 hours of acceptance
Compulsory Insurance: LifeShield™
All HomeNow™ customers are automatically enrolled in LifeShield™ Mortgage Cover — a mandatory bundled product that protects both borrower and lender against life's uncertainties. Premiums are factored into the monthly repayment. Coverage includes:
- Loss of job (up to 12 months coverage)
- Death and total permanent disability
- Hospitalization waiver
Interest Rate and Repayment Structure
The HomeNow™ mortgage is available at a fixed interest rate of 24–26% per annum depending on tenor and risk score. Repayments are monthly and fully amortized over the loan term. Early repayment is allowed without penalty.
Competitive Edge
Pre-screened, verified homes eliminate title and valuation delays
24-hour loan disbursement (fastest in market)
100% digital from application to offer letter
Includes mandatory insurance and reserve fund for repayment confidence
Accessible to Nigerians in diaspora with verified income streams
Fully compliant with NMRC for liquidity recycling
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