Become a contributor to the fund.

National Housing Fund (NHF)

The NHF loan is a government-backed home loan available to Nigerians who contribute to the scheme. You contribute to the fund, and FMBN gives you access to low-interest housing loans. It’s a great option that helps contributors get up to ₦50million with flexible repayment plans.

Attributes

Important details about the National Housing Fund (NHF)

Interest Rate: 6%
Monthly Payment
Down Payment: 10%
Payment Period: 30 years
Maximum Loan Amount: ₦50 million
Property Management: 20% of Earnings
Application Processing Time: 6 - 12 Months
Closing Costs: Legal, & Insurance.
Joint applications and co-owners allowed?: Yes

How it works

How the National Housing Fund (NHF) works on Giddaa.

Step 1
Start Contributing
Register as an NHF contributor and make monthly contributions through the FMBN Internet Banking portal.
Performed by You
Step 2
Find and Apply
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
Loan Processing
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
Get Keys, Repay
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