National Housing Fund (NHF)

Purchase option for 3 Bedroom Bungalow ( Standard) 3 Bedroom Bungalow in Lakowe, Lagos

Please note: although this property is listed, the seller’s authority to transfer title is unconfirmed. Verification occurs when buyers indicate purchase interest, ensuring protection of their interests.

Details

Important details about the National Housing Fund (NHF)

Interest Rate: 6.00% per annum
Finishing Levels: 1
Monthly Payment: ₦251,811.22
Minimum Down Payment: 50%
Payment Period: 2 years and 6 months
Maximum Loan Amount: ₦50,000,000
Closing Costs: Legal, Insurance, Professional Fees.
Joint applications and co-owners allowed?: Yes

Repayment Schedule

Repayment Schedule for the payment of National Housing Fund (NHF)

Total Interest: ₦2.53M
Total Principal: ₦53.31M
Total Payable (total principal payment + total interest payment): ₦55.84M
Monthly Payment: ₦1.86M
Payment Period: 2 years and 6 months30 months

Month 1

September 21st, 2026

Principal payment: ₦1,651,465.63
Interest payment: ₦210,000
Monthly repayment: ₦1,861,465.63
Remaining balance: ₦40,348,534.37

Month 2

October 21st, 2026

Principal payment: ₦1,659,722.96
Interest payment: ₦201,742.67
Monthly repayment: ₦1,861,465.63
Remaining balance: ₦38,688,811.41

Month 3

November 21st, 2026

Principal payment: ₦1,668,021.57
Interest payment: ₦193,444.06
Monthly repayment: ₦1,861,465.63
Remaining balance: ₦37,020,789.84

Month 4

December 21st, 2026

Principal payment: ₦1,676,361.68
Interest payment: ₦185,103.95
Monthly repayment: ₦1,861,465.63
Remaining balance: ₦35,344,428.16

Month 5

January 21st, 2027

Principal payment: ₦1,684,743.49
Interest payment: ₦176,722.14
Monthly repayment: ₦1,861,465.63
Remaining balance: ₦33,659,684.67

Month 6

February 21st, 2027

Principal payment: ₦1,693,167.21
Interest payment: ₦168,298.42
Monthly repayment: ₦1,861,465.63
Remaining balance: ₦31,966,517.46

Month 7

March 21st, 2027

Principal payment: ₦1,701,633.04
Interest payment: ₦159,832.59
Monthly repayment: ₦1,861,465.63
Remaining balance: ₦30,264,884.42

Month 8

April 21st, 2027

Principal payment: ₦1,710,141.21
Interest payment: ₦151,324.42
Monthly repayment: ₦1,861,465.63
Remaining balance: ₦28,554,743.21

Month 9

May 21st, 2027

Principal payment: ₦1,718,691.91
Interest payment: ₦142,773.72
Monthly repayment: ₦1,861,465.63
Remaining balance: ₦26,836,051.29

Month 10

June 21st, 2027

Principal payment: ₦1,727,285.37
Interest payment: ₦134,180.26
Monthly repayment: ₦1,861,465.63
Remaining balance: ₦25,108,765.92

Month 11

July 21st, 2027

Principal payment: ₦1,735,921.80
Interest payment: ₦125,543.83
Monthly repayment: ₦1,861,465.63
Remaining balance: ₦23,372,844.12

Month 12

August 21st, 2027

Principal payment: ₦1,744,601.41
Interest payment: ₦116,864.22
Monthly repayment: ₦1,861,465.63
Remaining balance: ₦21,628,242.71

S/N	Month	Monthly Principal Payment	Monthly Interest Payment	Monthly Repayment	Remaining Balance
1	September 21st, 2026	₦1,651,465.63	₦210,000	₦1,861,465.63	₦40,348,534.37
2	October 21st, 2026	₦1,659,722.96	₦201,742.67	₦1,861,465.63	₦38,688,811.41
3	November 21st, 2026	₦1,668,021.57	₦193,444.06	₦1,861,465.63	₦37,020,789.84
4	December 21st, 2026	₦1,676,361.68	₦185,103.95	₦1,861,465.63	₦35,344,428.16
5	January 21st, 2027	₦1,684,743.49	₦176,722.14	₦1,861,465.63	₦33,659,684.67
6	February 21st, 2027	₦1,693,167.21	₦168,298.42	₦1,861,465.63	₦31,966,517.46
7	March 21st, 2027	₦1,701,633.04	₦159,832.59	₦1,861,465.63	₦30,264,884.42
8	April 21st, 2027	₦1,710,141.21	₦151,324.42	₦1,861,465.63	₦28,554,743.21
9	May 21st, 2027	₦1,718,691.91	₦142,773.72	₦1,861,465.63	₦26,836,051.29
10	June 21st, 2027	₦1,727,285.37	₦134,180.26	₦1,861,465.63	₦25,108,765.92
11	July 21st, 2027	₦1,735,921.80	₦125,543.83	₦1,861,465.63	₦23,372,844.12
12	August 21st, 2027	₦1,744,601.41	₦116,864.22	₦1,861,465.63	₦21,628,242.71
13	September 21st, 2027	₦1,753,324.42	₦108,141.21	₦1,861,465.63	₦19,874,918.29
14	October 21st, 2027	₦1,762,091.04	₦99,374.59	₦1,861,465.63	₦18,112,827.25
15	November 21st, 2027	₦1,770,901.49	₦90,564.14	₦1,861,465.63	₦16,341,925.76
16	December 21st, 2027	₦1,779,756	₦81,709.63	₦1,861,465.63	₦14,562,169.75
17	January 21st, 2028	₦1,788,654.78	₦72,810.85	₦1,861,465.63	₦12,773,514.97
18	February 21st, 2028	₦1,797,598.06	₦63,867.57	₦1,861,465.63	₦10,975,916.92
19	March 21st, 2028	₦1,806,586.05	₦54,879.58	₦1,861,465.63	₦9,169,330.87
20	April 21st, 2028	₦1,815,618.98	₦45,846.65	₦1,861,465.63	₦7,353,711.89
21	May 21st, 2028	₦1,824,697.07	₦36,768.56	₦1,861,465.63	₦5,529,014.82
22	June 21st, 2028	₦1,833,820.56	₦27,645.07	₦1,861,465.63	₦3,695,194.27
23	July 21st, 2028	₦1,842,989.66	₦18,475.97	₦1,861,465.63	₦1,852,204.61
24	August 21st, 2028	₦1,852,204.61	₦9,261.02	₦1,861,465.63	₦-0

Finishing Levels

These are the different levels of finishing which the 3 Bedroom Bungalow ( Standard) can be purchased using the National Housing Fund (NHF) and the various prices on each finishing level.

Semi Finished

A semi-finished house is a property where the exterior is fully completed, including painted walls, a finished roof, installed windows, and exit doors. However, the interior is left unfinished, allowing buyers to customize it to their taste. Inside, walls are plastered but not painted, and flooring is left as plain concrete. Electrical wiring and plumbing pipes are installed, but there are no sockets, bathroom fixtures, wardrobes, or kitchen fittings. This option is more affordable than a fully finished house and offers buyers the flexibility to complete the interiors gradually based on their preferences and budget.

Price: ₦84,000,000
Minimum Initial Deposit: 50% (₦42,000,000)
Monthly Payment: ₦251,811.22
Payment Period: 2 years and 6 months

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

Your Affordability

Your affordability for the National Housing Fund (NHF)

Log in to check your affordability

We’ll compare this plan’s monthly payment with your income details and show you a clear estimate.

Application Documents

The documents you need to submit when applying for National Housing Fund (NHF)

Required

Payslips

Latest three months’ salary slips showing monthly earnings.

Required

Letter of Employment

A letter from your employer confirming your employment status.

Required

Tax Clarence Certificates

Evidence of tax compliance for the last three years.

Required

Work ID

Photocopy of your staff identity card.

Who Can Apply

The kinds of people that can apply for National Housing Fund (NHF)

individuals

These are people applying by themselves, without a co-applicant.

The following Individuals can apply through this payment option

Government Workers (In Nigeria)
Private Workers (In Nigeria)
Self Employed (In Nigeria)
Government Workers (In Diaspora)
Private Workers (In Diaspora)
Self Employed (In Diaspora)

Buy the 3 Bed Bungalow in Lakowe Lagos with the National Housing Fund (NHF). | Giddaa

National Housing Fund (NHF)

Purchase option for 3 Bedroom Bungalow ( Standard) 3 Bedroom Bungalow in Lakowe, Lagos

Details

Important details about the National Housing Fund (NHF)

Interest Rate: 6.00% per annum
Finishing Levels: 1
Monthly Payment: ₦251,811.22
Minimum Down Payment: 50%
Payment Period: 2 years and 6 months
Maximum Loan Amount: ₦50,000,000
Closing Costs: Legal, Insurance, Professional Fees.
Joint applications and co-owners allowed?: Yes

Repayment Schedule

Repayment Schedule for the payment of National Housing Fund (NHF)

Total Interest: ₦2.53M
Total Principal: ₦53.31M
Total Payable (total principal payment + total interest payment): ₦55.84M
Monthly Payment: ₦1.86M
Payment Period: 2 years and 6 months30 months

Month 1

September 21st, 2026

Principal payment: ₦1,651,465.63
Interest payment: ₦210,000
Monthly repayment: ₦1,861,465.63
Remaining balance: ₦40,348,534.37

Month 2

October 21st, 2026

Principal payment: ₦1,659,722.96
Interest payment: ₦201,742.67
Monthly repayment: ₦1,861,465.63
Remaining balance: ₦38,688,811.41

Month 3

November 21st, 2026

Principal payment: ₦1,668,021.57
Interest payment: ₦193,444.06
Monthly repayment: ₦1,861,465.63
Remaining balance: ₦37,020,789.84

Month 4

December 21st, 2026

Principal payment: ₦1,676,361.68
Interest payment: ₦185,103.95
Monthly repayment: ₦1,861,465.63
Remaining balance: ₦35,344,428.16

Month 5

January 21st, 2027

Principal payment: ₦1,684,743.49
Interest payment: ₦176,722.14
Monthly repayment: ₦1,861,465.63
Remaining balance: ₦33,659,684.67

Month 6

February 21st, 2027

Principal payment: ₦1,693,167.21
Interest payment: ₦168,298.42
Monthly repayment: ₦1,861,465.63
Remaining balance: ₦31,966,517.46

Month 7

March 21st, 2027

Principal payment: ₦1,701,633.04
Interest payment: ₦159,832.59
Monthly repayment: ₦1,861,465.63
Remaining balance: ₦30,264,884.42

Month 8

April 21st, 2027

Principal payment: ₦1,710,141.21
Interest payment: ₦151,324.42
Monthly repayment: ₦1,861,465.63
Remaining balance: ₦28,554,743.21

Month 9

May 21st, 2027

Principal payment: ₦1,718,691.91
Interest payment: ₦142,773.72
Monthly repayment: ₦1,861,465.63
Remaining balance: ₦26,836,051.29

Month 10

June 21st, 2027

Principal payment: ₦1,727,285.37
Interest payment: ₦134,180.26
Monthly repayment: ₦1,861,465.63
Remaining balance: ₦25,108,765.92

Month 11

July 21st, 2027

Principal payment: ₦1,735,921.80
Interest payment: ₦125,543.83
Monthly repayment: ₦1,861,465.63
Remaining balance: ₦23,372,844.12

Month 12

August 21st, 2027

Principal payment: ₦1,744,601.41
Interest payment: ₦116,864.22
Monthly repayment: ₦1,861,465.63
Remaining balance: ₦21,628,242.71

S/N	Month	Monthly Principal Payment	Monthly Interest Payment	Monthly Repayment	Remaining Balance
1	September 21st, 2026	₦1,651,465.63	₦210,000	₦1,861,465.63	₦40,348,534.37
2	October 21st, 2026	₦1,659,722.96	₦201,742.67	₦1,861,465.63	₦38,688,811.41
3	November 21st, 2026	₦1,668,021.57	₦193,444.06	₦1,861,465.63	₦37,020,789.84
4	December 21st, 2026	₦1,676,361.68	₦185,103.95	₦1,861,465.63	₦35,344,428.16
5	January 21st, 2027	₦1,684,743.49	₦176,722.14	₦1,861,465.63	₦33,659,684.67
6	February 21st, 2027	₦1,693,167.21	₦168,298.42	₦1,861,465.63	₦31,966,517.46
7	March 21st, 2027	₦1,701,633.04	₦159,832.59	₦1,861,465.63	₦30,264,884.42
8	April 21st, 2027	₦1,710,141.21	₦151,324.42	₦1,861,465.63	₦28,554,743.21
9	May 21st, 2027	₦1,718,691.91	₦142,773.72	₦1,861,465.63	₦26,836,051.29
10	June 21st, 2027	₦1,727,285.37	₦134,180.26	₦1,861,465.63	₦25,108,765.92
11	July 21st, 2027	₦1,735,921.80	₦125,543.83	₦1,861,465.63	₦23,372,844.12
12	August 21st, 2027	₦1,744,601.41	₦116,864.22	₦1,861,465.63	₦21,628,242.71
13	September 21st, 2027	₦1,753,324.42	₦108,141.21	₦1,861,465.63	₦19,874,918.29
14	October 21st, 2027	₦1,762,091.04	₦99,374.59	₦1,861,465.63	₦18,112,827.25
15	November 21st, 2027	₦1,770,901.49	₦90,564.14	₦1,861,465.63	₦16,341,925.76
16	December 21st, 2027	₦1,779,756	₦81,709.63	₦1,861,465.63	₦14,562,169.75
17	January 21st, 2028	₦1,788,654.78	₦72,810.85	₦1,861,465.63	₦12,773,514.97
18	February 21st, 2028	₦1,797,598.06	₦63,867.57	₦1,861,465.63	₦10,975,916.92
19	March 21st, 2028	₦1,806,586.05	₦54,879.58	₦1,861,465.63	₦9,169,330.87
20	April 21st, 2028	₦1,815,618.98	₦45,846.65	₦1,861,465.63	₦7,353,711.89
21	May 21st, 2028	₦1,824,697.07	₦36,768.56	₦1,861,465.63	₦5,529,014.82
22	June 21st, 2028	₦1,833,820.56	₦27,645.07	₦1,861,465.63	₦3,695,194.27
23	July 21st, 2028	₦1,842,989.66	₦18,475.97	₦1,861,465.63	₦1,852,204.61
24	August 21st, 2028	₦1,852,204.61	₦9,261.02	₦1,861,465.63	₦-0

Finishing Levels

These are the different levels of finishing which the 3 Bedroom Bungalow ( Standard) can be purchased using the National Housing Fund (NHF) and the various prices on each finishing level.

Semi Finished

Price: ₦84,000,000
Minimum Initial Deposit: 50% (₦42,000,000)
Monthly Payment: ₦251,811.22
Payment Period: 2 years and 6 months

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

Your Affordability

Your affordability for the National Housing Fund (NHF)

Log in to check your affordability

We’ll compare this plan’s monthly payment with your income details and show you a clear estimate.

Application Documents

The documents you need to submit when applying for National Housing Fund (NHF)

Required

Payslips

Latest three months’ salary slips showing monthly earnings.

Required

Letter of Employment

A letter from your employer confirming your employment status.

Required

Tax Clarence Certificates

Evidence of tax compliance for the last three years.

Required

Work ID

Photocopy of your staff identity card.

Who Can Apply

The kinds of people that can apply for National Housing Fund (NHF)

individuals

These are people applying by themselves, without a co-applicant.

The following Individuals can apply through this payment option

Government Workers (In Nigeria)
Private Workers (In Nigeria)
Self Employed (In Nigeria)
Government Workers (In Diaspora)
Private Workers (In Diaspora)
Self Employed (In Diaspora)

Details

Repayment Schedule

Month 1

Month 2

Month 3

Month 4

Month 5

Month 6

Month 7

Month 8

Month 9

Month 10

Month 11

Month 12

Finishing Levels

Semi Finished

How it works

Start Contributing

Find and Apply

Loan Processing

Get Keys, Repay

Your Affordability

Log in to check your affordability

Application Documents

Payslips

Letter of Employment

Tax Clarence Certificates

Work ID

Who Can Apply

individuals

Details

Repayment Schedule

Month 1

Month 2

Month 3

Month 4

Month 5

Month 6

Month 7

Month 8

Month 9

Month 10

Month 11

Month 12

Finishing Levels

Semi Finished

How it works

Start Contributing

Find and Apply

Loan Processing

Get Keys, Repay

Your Affordability

Log in to check your affordability

Application Documents

Payslips

Letter of Employment

Tax Clarence Certificates

Work ID

Who Can Apply

individuals