Premier Housing Co-operative

Affordable Housing Loans

Premier Housing Co-operative (PHC) is a private co-operative fund pooled together through savings/contributions and investment by members and stakeholders for members to access affordable housing loans for the actualization of their dreams to own houses.

Objective: To create a pool of funds to assist members in achieving our objective of fund empowerment and provision of affordable housing

Loan Details

Stakeholders
  • Members
  • Financial Institutions
  • Developers
Tenor of contribution for eligibility
  • Minimum of 6 months
Loan requirements for members
  • Two guarantors (one must be a member of PPAI)
Loan Tenor
  • 6 months
Loan interest rates
  • Members: 7% to 12% p.a
  • Financial institutions: 15% p.a
  • Developers: 15% p.a
Loan amount to be considered
  • Members: Maximum of N5,000,000 (Subject to amount contributed)
  • Financial institutions: Maximum of N50,000,000
  • Developers: Maximum of N50,000,000

Our Current Projects

Gloucester Housing Estate

Sierra Leone

Our Company, Sparklight Property Dev. Co. (SL) Ltd is involved in development of Modern, Gated, Quality and Affordable Housing Estate in Gloucester Town, in the outskirt of Freetown.
The project, when completed, will comprise of 250 units of residential houses.

Infrastructure

  • Nicely fenced and well secured entrance/exit gate
  • Internal concrete paved road
  • Electricity supply from national grid, backed with solar/wind hybrid system
  • Portable Water supply for domestic and other uses
  • Neighborhood center for recreational and commercial activities

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Sparklight Grace Court Estate

Ikota, Lagos

The Sparklight Grace Court houses a number of 2-3 bedroom apartments and 4-bedroom terrace duplex

Infrastructure

  • 24/7 Electricity
  • Drainage System
  • Facility Management
  • Mini Estate Plaza
  • Portable water
  • Trained Security
  • Green Area
  • Street Lights

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Gateway Sparklight Estate

Magboro, Ogun State

All Apartment types in this estate include a Big main lounge, Visitor’s toilet, Kitchen and store, All Bedroom en-suite, Entrance terrace and Paved compound .

Facilities and Infrastructure

  • Good electricity supply
  • Good drainage system
  • Neighbourhood centre
  • Armed security
  • Tarred road
  • Gated fence
  • Children playground
  • Street light

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Fairview Sparklight Estate

Lekki Annex 2, Lagos

The Sparklight Grace Court houses a number of1-3 bedroom apartments, 3 bedroom apartment extendable to 4, 4 bedroom terrace duplex, and 5 bedroom bungalow

Infrastructure

  • 24/7 Electricity
  • Swimming Pool
  • Gymnasium
  • Street Light
  • Drainage System
  • Mini Estate Plaza
  • Portable water
  • Trained Security
  • Green Area
  • Car Port
  • CCTV Security System

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