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FAQs
Frequently Asked Questions
What you need to know about GDL HouseMoni Program.
How long has GDL existed?
Who are the directors of GDL?
What is HouseMoni?
What are the variations of HouseMoni?
What are the phases of the HouseMoni scheme?
What is the interest rate for repayment on the HouseMoni scheme?
What amount of financing is available post-contribution period?
If I opt to purchase a more expensive home after 3.5 years of contribution, will GDL facilitate the purchase, or do I need to restart the process from the beginning?
Can the 3.5-year pre-eligibility/contribution period be shortened?
Is GDL a real estate company or affiliated with one?
How can I anticipate and address potential inflation in home prices during the 3.5-year period from signing up to completion?
Is GDL a registered and regulated company?
If I choose to exit the scheme, what happens to the money I've contributed over 3.5 years?
In the event of job loss, disability, or death, what happens to my contributions and subscription to the scheme?
Can a GDL HouseMoni plan be transferred from one party to another?
Where is GDL located?
How can I ensure the safety of my funds with GDL?
Does the required letter of introduction for HouseMoni enrollment entail any financial obligations for my company?
What occurs if I cannot provide the letter of introduction?
What occurs if a member or members of my community fail to meet their obligations?
Is HouseMoni a separate entity from GDL or just a GDL product?
Can I make a one-time payment to settle the financed funds during the repayment period?
What income sources are available for repayment?
Can I enroll in the scheme for two houses at the same time?
What occurs if GDL fails to fund the purchase of my home when due?
What occurs if my contribution doesn't suffice to cover the cost of my prospective home?
When can I move into my new home while enrolled in the scheme?
Does GDL HouseMoni enable me to purchase a house anywhere in Nigeria?
What is the age limit for HouseMoni?
Does GDL select the home for my purchase?
Who holds the house document and when does the homeowner get it?
Am I allowed to sell or rent out my home during the repayment period?
How do I enroll/start with the HouseMoni scheme?
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