By InvestAdvocate
Lagos (INVESTADVOCATE)-Keystone Bank Limited is offering a 15 to 18 percent (15%-18%) interest rate on mortgage.
Philip Ikeazor, Managing Director/Chief Executive Officer (MD/CEO) made this disclosure at a recent media parley with business editors in LagosNigeria.
According to him, the Central Bank of Nigeria (CBN) does risk based pricing, so Keystone Bank offers mortgage rate ranging from 15% to 18% to those seeking mortgage which is a better rate in the industry.
”Basically you know what the CBN does is what you call risk based pricing, so our mortgage ranges from 15% to 18% and if you check in the industry, this is one probably one of the better rates, so in a situation where the risk is considered strong we are mitigated and you get mortgage at 15%.” He said.
