Month 1
October 23rd, 2026
- Principal payment
- Interest payment
- Monthly repayment
- Remaining balance
Purchase option for Grand luxury Twin Villa 5 Bedroom Twin Villa in Lagos Island, Lagos
Important details about the National Housing Fund (NHF)
Repayment Schedule for the payment of National Housing Fund (NHF)
October 23rd, 2026
November 23rd, 2026
December 23rd, 2026
January 23rd, 2027
February 23rd, 2027
March 23rd, 2027
April 23rd, 2027
May 23rd, 2027
June 23rd, 2027
July 23rd, 2027
August 23rd, 2027
September 23rd, 2027
| S/N | Month | Monthly Principal Payment | Monthly Interest Payment | Monthly Repayment | Remaining Balance |
|---|---|---|---|---|---|
| 1 | October 23rd, 2026 | ₦0 | ₦202,500 | ₦202,500 | ₦40,500,000 |
| 2 | November 23rd, 2026 | ₦0 | ₦202,500 | ₦202,500 | ₦40,500,000 |
| 3 | December 23rd, 2026 | ₦0 | ₦202,500 | ₦202,500 | ₦40,500,000 |
| 4 | January 23rd, 2027 | ₦0 | ₦202,500 | ₦202,500 | ₦40,500,000 |
| 5 | February 23rd, 2027 | ₦0 | ₦202,500 | ₦202,500 | ₦40,500,000 |
| 6 | March 23rd, 2027 | ₦0 | ₦202,500 | ₦202,500 | ₦40,500,000 |
| 7 | April 23rd, 2027 | ₦0 | ₦202,500 | ₦202,500 | ₦40,500,000 |
| 8 | May 23rd, 2027 | ₦0 | ₦202,500 | ₦202,500 | ₦40,500,000 |
| 9 | June 23rd, 2027 | ₦0 | ₦202,500 | ₦202,500 | ₦40,500,000 |
| 10 | July 23rd, 2027 | ₦0 | ₦202,500 | ₦202,500 | ₦40,500,000 |
| 11 | August 23rd, 2027 | ₦0 | ₦202,500 | ₦202,500 | ₦40,500,000 |
| 12 | September 23rd, 2027 | ₦0 | ₦202,500 | ₦202,500 | ₦40,500,000 |
| 13 | October 23rd, 2027 | ₦0 | ₦202,500 | ₦202,500 | ₦40,500,000 |
| 14 | November 23rd, 2027 | ₦0 | ₦202,500 | ₦202,500 | ₦40,500,000 |
| 15 | December 23rd, 2027 | ₦0 | ₦202,500 | ₦202,500 | ₦40,500,000 |
| 16 | January 23rd, 2028 | ₦0 | ₦202,500 | ₦202,500 | ₦40,500,000 |
| 17 | February 23rd, 2028 | ₦0 | ₦202,500 | ₦202,500 | ₦40,500,000 |
| 18 | March 23rd, 2028 | ₦0 | ₦202,500 | ₦202,500 | ₦40,500,000 |
| 19 | April 23rd, 2028 | ₦0 | ₦202,500 | ₦202,500 | ₦40,500,000 |
| 20 | May 23rd, 2028 | ₦0 | ₦202,500 | ₦202,500 | ₦40,500,000 |
| 21 | June 23rd, 2028 | ₦0 | ₦202,500 | ₦202,500 | ₦40,500,000 |
| 22 | July 23rd, 2028 | ₦0 | ₦202,500 | ₦202,500 | ₦40,500,000 |
| 23 | August 23rd, 2028 | ₦0 | ₦202,500 | ₦202,500 | ₦40,500,000 |
| 24 | September 23rd, 2028 | ₦0 | ₦202,500 | ₦202,500 | ₦40,500,000 |
Everything it takes to close on this house with the National Housing Fund (NHF). It covers who you pay, whether it is required, and what it adds up to.
Estimated total closing costs for the Fully Completed (Furnished) · National Housing Fund (NHF)
₦5,217,000 - ₦5,541,000
11.6% - 12.3% of the ₦45,000,000 house price, on top of your initial deposit. Ranges show where a fee varies by bank, lawyer or seller.
Paid to Bank
₦3,417,000 - ₦3,741,000
6 fees · 7.6% - 8.3%
Paid to Brokerage
₦1,800,000
1 fee · 4.0%
Account Maintenance
RequiredAccount Maintenance of the account
₦50,000
Fixed
Advisory Fee
RequiredAdvisory Fee for which loan to take
₦202,500
0.5% of loan amount
Processing Fee
RequiredProcessing Fee for processing the house
₦1,800,000
4% of house price
Legal Search
RequiredLegal Search
₦202,500 - ₦405,000
0.5% - 1% of loan amount
Credit Search
RequiredCredit Search
₦162,000 - ₦283,500
0.4% - 0.7% of loan amount
Infrastructure Fee
RequiredInfrastructure Fee
₦1,000,000
Fixed
Subtotal — BankSubtotal, paid to bank₦3,417,000 - ₦3,741,000
Giddaa Professional Fee
RequiredGiddaa Professional Fee
₦1,800,000
4% of house price
Subtotal — BrokerageSubtotal, paid to brokerage₦1,800,000
₦5,217,000 - ₦5,541,000
Excludes your initial deposit of ₦4,500,000 and your monthly repayments.
11.6% - 12.3% of the house price
Total cost to buy this home with the National Housing Fund (NHF) (price + closing costs): ₦50,217,000 - ₦50,541,000
These are the different levels of finishing which the Grand luxury Twin Villa can be purchased using the National Housing Fund (NHF) and the various prices on each finishing level.
How the National Housing Fund (NHF) works on Giddaa
Step 1
Register as an NHF contributor and make monthly contributions through the FMBN Internet Banking portal.
Performed by You
Step 2
After 6 months of contributions (for new contributors), choose a home available on Giddaa under the NHF plan, inspect it, and apply by submitting your documents for prequalification.
Performed by You with support from Giddaa
Step 3
If you pass prequalification, a Primary Mortgage Bank (PMB) will open your account, batch your application, and submit it to FMBN for approval.
Performed by Primary Mortgage Bank (PMB)
Step 4
Once approved, FMBN disburses funds to the PMB which then disburses to the developer, you get your keys, move in, and start repaying monthly through Giddaa with full tracking and reminders.
Performed by You
Policies for the purchase of National Housing Fund (NHF)
Default Fee - In the event of a default (Payment after due date plus the grace period, if any), the seller would charge an additional ₦12,140.90, representing 5% extra to the required monthly payment.
The maximum number of payments the seller deems permissible is 3 payments. In the event that more than 3 payments are missed, the seller would seek to recover the property from you for resale to another client.
The seller provides a grace period of 3 daysbefore charging a default fee of ₦12,140.90. The default amount will be added to the monthly payments for that month.
Your affordability for the National Housing Fund (NHF)
We’ll compare this plan’s monthly payment with your income details and show you a clear estimate.
The documents you need to submit when applying for National Housing Fund (NHF)
Recent bank statements for the last six months to demonstrate financial stability and capacity to repay the loan with bank stamp.
The kinds of people that can apply for National Housing Fund (NHF)
These are people applying by themselves, without a co-applicant.
The following Individuals can apply through this payment option