Terra Developers
Issuer
NHF Mortgage Plan
Payment Plan 1 Bedroom Apartment in Ibeju- Lekki, Lagos
Details
Important details about the NHF Mortgage Plan
6.00% per annum
Interest Rate
1
Finishing Level
Monthly Payment
30%
Minimum Down Payment
30 years
Payment Period
Maximum Loan Amount
Legal, Insurance, Professional Fees.
Closing Costs
Yes
Joint applications and co-owners allowed?
Finishing Levels
These are the different levels of finishing which the 1 Bedroom Apartmentcan be purchased using the NHF Mortgage Plan and the various prices on each finishing level.
Shell
House Price
Down Payment
monthly payment
Description
Shell
Outside
Inside
How it works
How the NHF Mortgage Plan works on Gidda
1
Start Contributing
Register as an NHF contributor and make monthly contributions through the FMBN Internet Banking portal.
Performed by You
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
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)
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 Affordabilty
Your affordability for the NHF Mortgage Plan
You need to login to see your affordability
You need to login to see your affordability on this plan. You can login using your Google account or with your email.
Application Documents
The documents you need to submit when applying for NHF Mortgage Plan
No documents found
This plan does not require any documents.
Repayment Schedule
Repayment Schedule for the payment of NHF Mortgage Plan
Total Payable
Total Interest
Total Principal
Monthly Payment
0 months
Payment Period
| S/N | Month | Monthly Payment | Interest | Principal | Balance | |
|---|---|---|---|---|---|---|