STAFF HOUSING LOAN SCHEME
This is a scheme organized and managed by the Convention to help members of the Convention family, build their personal houses by means of loan facility from the Scheme, repayable in installments over a period of time with affordable interest rates.
Membership: membership lf the scheme is open to:
· Pastors in the local Churches of the Convention
Eligibility for Loan
· Applicant must be an employee of the Nigerian Baptist Convention
The maximum loan obtainable is 500,000 payable monthly within five years
The loan interest rate is 4% per annum on reducing balance basis, while 2% per annum interest shall be given to contributors