Are there any other payments asides interest rates?
Yes. Depending on the type of loan, you may be required to pay the following fees and charges;
  • Appraisal Fee (non-refundable) – 1% of approval amount
  • Commitment Fee (non-refundable)– 1% of approval amount
  • Monitoring Fee – 0.0125% of approval amount per quarter (on reducing balance)
  • Insurance charge
  • Legal Fees
4 of 9 people found this helpful.   


Bank of Industry, Nigeria.

Powered by LiveZilla Helpdesk