Start Contributing
Register as an NHF contributor and make monthly contributions through the FMBN Internet Banking portal.
Performed by You
Become a contributor to the fund.
Houses Available on NHF
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 diaspora plan.
6%
Interest Rate
HOME PRICE
Monthly Payment
10%
Down Payment
30 years
Payment Period
₦50 million
Maximum Loan Amount
20% of Earnings
Property Management
6 - 12 Months
Application Processing Time
Legal, & Insurance.
Closing Costs
Yes
Joint applications and co-owners allowed?
How It Works
How the NHF works on Giddaa.
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
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)
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
Application Documents
The documents you need to submit when applying.
Who Can Apply.
Important details about the diaspora plan.
individuals
These are people applying by themselves, without a co-applicant.
The following Individuals can apply through this payment option
- Government Workers (In Diaspora)
- Government Workers (In Nigeria)
- Private Workers (In Diaspora)
- Private Workers (In Nigeria)
- Self Employed (In Diaspora)
- Self Employed (In Nigeria)
Couples & Common Law Partners
These are people who have been partnered by law.
The following Individuals can apply through this payment option
- Government Workers (In Diaspora)
- Government Workers (In Nigeria)
- Private Workers (In Diaspora)
- Private Workers (In Nigeria)
- Self Employed (In Diaspora)
- Self Employed (In Nigeria)
Available Houses
The houses available for purchase under this plan type.
Things You Should Know
Have questions? Hopefully, this provide answers to your questions.