Despite your financial situation, or your religious beliefs, our plans will ensure you and yours can have a place to call your “own”.
Plans are payment options available for you to buy your future home. Find the plan that meets your needs.
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.
MREIF is a housing scheme by the Ministry of Finance Incorporated, designed to support homeownership. It offers up to ₦200 million, repayable over 20 years, through a public-private partnership. It’s part of Nigeria’s One Million Homes initiative.
The FMBN Rent to Own is designed for NHF contributors. With this plan, you move into an FMBN funded home and pay rent monthly, but the rent is actually contributing to you owning the home over time, and once payment is completed, the house becomes yours.
Help to Own is a support plan that makes it easier for Nigerians to buy homes with less financial pressure. It helps reduce upfront costs and offers flexible payment plans, especially for first-time buyers. This option is ideal if high costs have stopped you from becoming a homeowner.
With Developer Payment Plans, you can buy a home directly from a developer and pay in flexible instalments. Instead of applying for a bank loan, you agree with the developer on how to spread your payments. Many of our partnered developers on Giddaa offer these plans.
Outright purchase means you pay the full price of the house once and take complete ownership immediately. There are no loans or monthly payments, just a one-time payment to own your home fully. It’s the fastest way to secure a property if you already have the money ready
Find out how the different plans compare, and make the right decision for “yourself”.
| Plans | Interest Rates | Minimum DownPayment | Payment Period | Max Amount | Contribution Period | Available Houses | Application Processing Time |
|---|---|---|---|---|---|---|---|
National Housing Fund The NHF loan is a government-backed home loan available to Nigerians who contribute to the scheme. | 6% | 10% Best | 30 Years (360 Months) Best | N50 Million | Yes (For 6 Months) | 6 - 12 Months | |
M-REIF MREIF is a housing scheme by the Ministry of Finance Incorporated, designed to support homeownership. | 12% | 20% | 20 Years (240 Months) | N200 Million Best | Not Required | 4 - 12 Months | |
Rent To Own The FMBN Rent to Own is designed for NHF contributors. | 7% | 10% Best | 30 Years (360 Months) Best | N50 Million | Yes (For 6 Months) | 6 - 12 Months | |
Help To Own Help to Own is a support plan that makes it easier for Nigerians to buy homes with less financial pressure. | 17% | 20% | 20 Years (240 Months) | N35 Million | 6 Months | 2 - 4 Months | |
Payment Plans With Developer Payment Plans, you can buy a home directly from a developer and pay in flexible instalments. | Not Required Best | Defined by Developer | Defined by the plan (3, 6, 9, 12, 36 months available) | The price of the house | Not Required | 1 Week | |
Outright Plans Outright purchase means you pay the full price of the house once and take complete ownership immediately. | Not Required Best | 100% | Not Required | The price of the house | Not Required | 1 Week |
Plans are payment options available for you to buy your future home. Find the plan that meets your needs.
Have questions? Hopefully, this provide answers to your questions.
