Guidelines on Accessing RSA Balance towards Payment of Equity Contribution for Residential Mortgage

National Pension Commission Guideline
Summary

Permits eligible RSA holders to apply up to 25% of their RSA balance as equity contribution for a residential mortgage, with eligibility, documentation and processing standards for PFAs and mortgage lenders.

Applicability

RSA holders in active employment; PFAs; CBN-licensed mortgage lenders.

Open Source Document ↗
Document Details
Date Issued
23 Sep 2022
Date Effective
23 Sep 2022
Compliance Deadline
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