Business

Top 10 banks with lowest lending rates for real estate businesses in Nigeria

The Central Bank of Nigeria (CBN), under Governor Yemi Cardoso, has increased the monetary policy rate (MPR) by 750 basis points so far, from 18.75% to 26.25%, with an eye on combating inflation and fostering economic stability.


Nigeria’s real estate sector remains a critical part of the economy, and securing favourable lending rates is paramount for developers and investors.


Banks offer various lending rates tailored to the needs of real estate businesses. Borrowers should consider both prime and max lending rates, along with their specific financial circumstances, to choose the best banking partner for their real estate investments.