How to Access NHF Loan from Federal Mortgage Bank of Nigeria

The NHF Loan is a financial assistance program provided by the National Housing Fund (NHF), a federal government initiative in Nigeria.

The loan is designed to facilitate the acquisition, construction, or renovation of homes for Nigerian citizens. To access the NHF Loan, individuals contribute a percentage of their monthly salary to the Federal Mortgage Bank of Nigeria.

The loan is intended to support those who may not afford commercial housing, with specific requirements, security measures, and interest rates outlined for applicants. In this article, we will walk you through the processes on how to apply for NHF loan from the Federal Mortgage Bank of Nigeria.

The NHF loan aims to assist Nigerians who cannot afford commercial housing by contributing 2.5% of their monthly salary to the Federal Mortgage Bank of Nigeria.

Requirements for NHF loan

Here are the requirements:

  • Applicants must be at least 18 years old and Nigerian.
  • Must open/have a savings account with a registered Primary Mortgage Bank (PMB).
  • Have an approved survey or site plans.
  • Priced bill of quantities where applicable.
  • Photocopies of valid title documents (e.g., C-of-O).
  • Valuation report prepared by a firm of registered surveyors and valuers where applicable.
  • Must have been contributing to the National Housing Fund for a period not less than six (6) months.
  • Applicant must have a satisfactory regular financial track record.
  • Applicant’s reason for the loan must be to build, acquire, or renovate a house.

NHF loan security

  • The property for which the loan is obtained shall be the collateral.
  • Property must have an approved building plan and must have a value equivalent to the loan.
  • The property must have assurance.

Loan amount

The highest amount you can obtain is N15 million.

Interest for the loan

  • 15 million – 30% interest rate.
  • 10 million – 20% interest rate.
  • 5 million – 10% interest rate.

How to apply for National Housing Fund (NHF) loan

To apply for the National Housing Fund, follow these steps:

1. Open a savings account with PMB

Start by opening a savings account with a registered Primary Mortgage Bank (PMB).

2. Contribute 2.6% of your Income

Begin contributing 2.6% of your monthly income to the National Housing Fund for at least six (6) months.

3. Visit an Accredited Mortgage Loan Originator (MLO)

Go to any Federal Mortgage Bank of Nigeria (FMBN) accredited Mortgage Loan Originator (MLO) to obtain the application form.

4. Fill out the NHF Form

Complete the NHF loan application form with accurate information.

5. Submit the Form to Your Chosen MLO

Return the filled NHF form to the Mortgage Loan Originator (MLO) you chose.

By following these steps, you can initiate the process of applying for the National Housing Fund (NHF) loan and work towards obtaining financial assistance for housing-related purposes.

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17 thoughts on “How to Access NHF Loan from Federal Mortgage Bank of Nigeria”

  1. Good morning, please,l need this loan for renovations of my property.l have four & a half years to retire in federal ministry of information & orientation, special Duties Department,10th floor, radio house, Abuja 08059638663, thanks.

  2. It’s by force to every Federal Government Civil Servants? Because some came to us and said we must fill the, as he said its already deducting from our salaries through IPPIS.
    My question is I don’t know if it’s true?

  3. I went to the office of FMB to apply for this loan, they told me requirement.which I follow up.where I suppose to get QS ,COFOR and dicoment.I have to spend #120.000.befor I will be ok for the proses the loan is difficult to civil servant to get is just for themselves . not every body.

  4. What if have an inherited village property land and want to develop on it without c of o documents, can you access the loan?

  5. I have been a member for almost 10 years now aw can I access d loan? And if I will need 3bed room flat aw much will be d cost.


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