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PenCom adds 29 banks to the list of Primary Mortgage Banks (PMBs)

The National Pension Commission (PenCom) has added 29 commercial banks to the existing list of qualified Primary Mortgage Banks (PMBs) in the RSA for mortgage programme. Earlier in September 2022,…

List of PenCom-approved Primary Mortgage Banks (PMBS) for RSA residential mortgage

The National Pension Commission (PenCom) has released the list of approved primary mortgage banks that are qualified to offer mortgage facilities to qualified participants in the newly introduced RSA for…

8 important points you should note about the RSA for Mortgage

The National Pension Commission (PenCom) has recently approved the use of RSA balance as equity contribution in the acquisition of a residential mortgage. Section 89 (2) of the Pension Reform…

How to apply for Residential Mortgage Equity Contribution with RSA balance

By Moshood Ayeni In a recent circular released by PenCom on the approval and immediate implementation of the Guidelines on using part of the RSA balance as Equity contribution for…

You can now access 25% of your RSA as Equity contribution for Residential Mortgage facility – PenCom

In a press release seen by PensionTalk, the National Pension Commission (PenCom) said it has approved the Guidelines for the payment of equity contribution on Residential Mortgage facility using 25%…

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