Products & Services

Gateway School Improvement Scheme

This account is designed for Educational Institution (Privately owned Nursery, Primary/ secondary and Tertiary Institutions) to improve the standard of the school.

  • To encourage opportunity in school investment.
  • To explore opportunity by school owners that is having financial challenge to have access to fund for the improvement of their schools.
  • To expand opportunity for increase of students for learning.
  • Open G-SIS account with minimum of N20,000.00
  • 6 months relationship as customer in fulfillment of the CBN KYC rule.
  • Owners’ stake negotiable but not less than 10%.
  • Property to be pledge must have a good root of title e,g Certificate of Occupancy (C of O), Deed of Assignment etc.

Gateway Home Ownership Mortgage Empowerment Schemes

This is a special account designed for those who want to acquire properties through mortgage.

    • To provide access to affordable houses through mortgage.
    • To bridge the gap between home buyers and developers.
    • To encourage property investment.
    • Stable source of income.
  • 50% of stake on the property after pre-qualification
  • Continuous deposit into the account to make up equity/Stake.
  • Property must have a good root of title e.g C of O or Deed of Assignment.
  • Valuation and search reports from reputable professional at the cost to the customer.

Gateway Property Improvement Scheme

This account is designed to provide retail mortgage facility for Civil Servants, Artisans, petty traders and private individuals for purchase of lock up shops, house rent, home renovation and land acquisition.
  • To provide retail loan facility for meeting short term varying housing needs.
  • To provide opportunity for constant property improvement or refurbishment.
  • Open G-PIS account with minimum of 50% of prequalified stake
  • 6 months relationship as a customer in fulfillment of the CBN KYC rule.
  • Undertaken to domicile business takings to GMB which must be regularized with notary public

Gateway School Improvement Scheme

The account is designed for all NHF contributors of formal, both public and private sector to access mortgage finance from FMBN at a single digit interest rate of 6% to build, buy or renovation a residential property.

  • Provide long term loans to mortgage banks for on lending to contributors of the fund
  • Provide loans to Nigerians for erecting, purchasing and renovating houses.
  • Provide a repayment period of 25 years.
  • Open Home ownership Account with GMB.
  • Must be a contributor to NHF for at least 6 months.
  • Must have minimum of 10% to 30% equity contribution if request is above N5m.
  • Apply through GMB your accredited Primary Mortgage Bank.
  • Property must have a good root title.

Treasure Children’s Savings Account

This account is designed for parents/guardian/ wards who wish to have account for their children and also save regularly in order to meet their children’s financial obligations before the need arise e.g. School fee, Birthday Party, etc.

  • Specific and purposeful
  • Minimum opening balance of N10,000
  • To prepare against emergency
  • To encourage savings
  • It encourages children to be self reliance
  • A duly completed application form
  • Copies of acceptable means of identification
  • Utility bills issued within last three months
  • 2 passport photograph of Parent
  • 2 passport photograph of Child(ren)

Target Savings Account

This account is designed for people who wish to save regularly in order to build up capital for specific events e.g. Christmas, Marriage, Holy Pilgrimage, Ileya Festival etc.

 

Benefits

  • Higher interest bearing above normal saving account rate
  • Allows clearing instruments and Dividend warrants of the owners and deposits (If Referenced)
  • Allows joint operations i.e. Husband and Wife
  • Available to Artisans and Salary Earners
  • Convenience SMS and e mail alert
  • Specific and purposeful
  • Minimum opening balance of N10,000
  • Minimum monthly deposit of N5,000
  • A duly completed application form
  • Copies of acceptable means of identification
  • Utility bills issued within last three months
  • 2 passport photograph

Regular Savings Account

This account is designed for people who wish to save regularly as a way of life and self-discipline apart from normal salary or business account either for transactional, speculative or contingency motives etc.

 

Benefits

  • To encourage Saving Culture
  • To encourage liquid asset for customer
  • To encourage savings among salary earners and others who have fixed income
  • It enables the depositor to earn income by way of savings through bank ‘s interest
  • To provide immediate fund as and when required through ATM
  • Specific and purposeful
  • Minimum opening balance of N5,000
  • Higher interest bearing if account is not withdrawn
  • It encourages self reliance
  • Available to artisan and salary earners
  • A duly completed application form
  • Copies of acceptable means of identification
  • Utility bills issued within last three months
  • 2 passport photographs

Gateway Current Account

This account is designed for high net worth customer with high volume numbers of transactions and busy schedule who prefers a checking account for their various business transactions

  • It allows business men and women to conduct their business transaction smoothly
  • It allows the use of cheque for payment of creditors
  • Enables bank to collect money on behalf of the customer and credit same into their customer’s account
  • Account holder can have access to overdraft
  • Availability of mobile and online transfer
  • Convenience of SMS and e mail alert
  • Minimum opening balance of N50,000
  • It encourages self reliance
  • Available to artisan, business men and women and salary earners
  • A duly completed application form
  • Copies of acceptable means of identification
  • Utility bills issued within last three months
  • 2 passport photographs
  • 2 Referees by a current account holder in any bank

Gateway Rent Advance Loan

This account is designed to complement the existing Mortgage products offered by GMB to provide flexibility in Mortgage facility on short term basis to customers for payment of house rent.

  • It provide retail loan facility for meeting short term housing needs
  • It encourages low Income earners meet their short term Obligations
  • It gives comfort to consumers
  • Repayment period of up to 2 years
  • Availability of mobile and online transfer
  • Convenience of SMS and e mail alert
  • Minimum opening balance of N50,000
  • It encourages self reliance
  • Available to artisan, business men and women and salary earners
  • A duly completed application form
  • Copies of acceptable means of identification
  • Utility bills issued within last three months
  • 2 passport photographs
  • 2 Referees by a current account holder in any bank

Informal Sector Account

This product provides support to GMB customers from the informal sector to meet their short term mortgage financing facility needs, also to provide flexibility in mortgage facility on short term basis to informal sector customers.

  • To provide access to retail loan facility for meeting short term varying housing needs.
  • To provide retail housing finance to groups for taking care of the housing needs of their members.
  • To provide opportunity for constant property improvement or refurbishment
  • To provide refinancing renovation costs for customers rather than dipping into their earnings.
  • Open G-ISMS account with minimum of N2,000.00
  • 6 months relationship as a customer in fulfillment of the CBN KYC rule
  • Beneficiary must provide personal/collateralized guarantee
  • Prequalification of the customers to determine their mortgage status

Nigeria Mortgage Refinance Company

The account is designed for all NMRC contributors of formal, both public and private sector to access mortgage finance from FMBN at a single digit interest rate of 11% to build, buy or renovation a residential property.it also provide long term facilities.

  • Provide long term credit facilities to mortgage banks for on lending to contributors of the fund
  • Provide loans to Nigerians for erecting, purchasing and renovating houses.
  • Provide a repayment period of 15 years.
  • Establish and operate a viable secondary mortgage market.
  • Mobilizing both domestic and offshore funds into the housing sector.
  • To remove barriers to home ownership, provide liquidity, affordability, accessibility and stability to the housing market in Nigeria.
  • Open Current  account with minimum of N20,000.00
  • Letter of loan Request
  • Valid means of ID
  • Letter of introduction
  • Payslip – recent 6month
  • Owners’ stake negotiable but not less than 15% -25%.
  • Property to be pledge must have a good root of title e,g Certificate of Occupancy (C of O), Deed of Assignment etc.