₦airaland Forum

NHF - Procedure For Registration

All Nigerians in employment, whether self-employed or in paid employment, are required by the NHF Act No.3 of 1992 to contribute 2.5% of their basic salary/income to the fund.

The Procedure for registration is as follows:

1.The Federal Mortgage Bank of Nigeria (FMBN) will supply Employer Registration Form (NHF1) to employers.

2.Employers will complete form NHF1 and return to the nearest branch of the Federal Mortgage bank of Nigeria.

3.Federal Mortgage Bank of Nigeria will register the Employer and issue an employer’s registration number.

4.Federal Mortgage Bank of Nigeria will issue form NHF2 to employers for completion by employees or directly to self employed or individual.

5.Employee will complete the form NHF2 and return to the employer.

6.The employer or self-employed individuals will return completed form NHF2 to Federal Mortgage Bank of Nigeria.

7.Federal Mortgage Bank of Nigeria will register Employees on Form NHF2 and allocate employees participation number to each employee/self-employed individual.

8.Federal Mortgage Bank will issue a passbook to each of the registered employees where the monthly deduction of his/her 2.5% basic salary will be posted by the employer.

9.At this point, an employee is now a registered participant of the National Housing Fund.

10.Employer will commence deduction of contributions at source. Such deductions/contributions are remitted to Federal Mortgage Bank of Nigeria with schedule of payment indicating the amount contributed by each employee and the period covered.

11.Self –employed contributors will also commence monthly remittances of contributions to FMBN.

12.Federal Mortgage Bank of Nigeria will accept contributions and issue receipts for payments.

Eligibility

Who can benefit from the scheme?

The NHF scheme is for Nigerians in all sectors of the economy, particularly those within the low and medium income levels who cannot afford commercial housing loans e.g. civil servants, traders, artisans, commercial drivers etc. Any intending beneficiary must be registered contributor and up to date with his/her contributions.
How can only 2.5% of my monthly basic salary or income be sufficient to obtain loan, to build a house?

The 2.5% of monthly basic salary contribution qualify you to access the loan. The pool of funds created by the contributors nationwide becomes available to any contributor to borrow from, after contributing for a minimum of six months.
How does a contributor obtain NHF loan?

A contributor interested in obtaining NHF loan applies through a registered and duly accredited mortgage loan originator (e.g. PMI), who packages and forwards the application to FMBN.
Is it the monthly contribution that determines the loans amount?

No. the loan amount is determined by the applicants affordability. This entails his/her income level that will enable repayment of the loan.
What are the documents required when applying for the loan?

Documents required to process a loan include:
Completed application form.
Photocopy of title documents
Current valuation report on the proposed house to buy or bills of quantities (BOQ) for the house to build.
Three years tax clearance certificate.
Evidence of NHF participation
Copy of pay slips for the previous three months.
Equity contribution or personal stake of 30%, 20% or 10% depending on the loan amount applied for.
What is the mode of repayment?

NHF housing loan are repaid on monthly installation from the monthly income of the beneficiary. This mode of repayment has the advantage of been both affordable and convenient.
Can a contributor obtain NHF loan, if a mortgage loan originator is not in his/her state?

Yes. A prospective applicant can liaise with a mortgage loan originator (PMI etc.) in a neighbouring state or anywhere in Nigeria to process a loan application. Also, some PMIs are subsidiaries of banks, this banks may operate a desk on behalf of its subsidiary (i.e. MLO)
Are there restrictions as to where a contributor can build his/her house?

The property can be located anywhere as long as it is within Nigeria. The applicant must however provide acceptable title documents to the land.
How can a low income earner get collateral for a loan?

The only collateral is the property in question. No any other collateral is needed to secure the NHF loan.
How many times can I get NHF loan?

A contributor can only obtain NHF loan facility once in a life time.
What is the maximum loans amount and repayment time for NHF loans?

A contributor is eligible to access a maximum loan amount of N15million repayable over a maximum period of 30 years at an affordable interest rate of 6%.
Can I obtain NHF loan to purchase a piece of land to build a house?

No. a prospective applicant who wishes to obtain a loan to build a house is expected to have his/her land as well as an acceptance title to the land prior to the application for NHF loan.
Can I get loan as an individual to build a house or must I buy a government owned estate or a private estate developer?

Yes. You can apply as an individual for NHF loan to develop a land or buy directly from government consort estate or private estate developer

NHF - Eligibility for Loan

Registration via NHF 1 (employer) and NHF 2 (employee) forms.
Deducted monthly contributions remitted to FMBN promptly. At least 6 months contributions should be made. Passbook to be updated by employer and is transferable from one employment to the other. Yearly statement of cumulative contributions plus accrued interest available.
Apply through any accredited Primary Mortgage Institute (PMI)
Applicant must provide satisfactory evidence of regular income.

National Housing Fund (NHF)
primary mortgage institutions (PMI)

NHF Mortgage Loans through PMBs

This facility is granted to accredited Primary Mortgage Banks (PMBs) for on-lending at 6% to NHF contributors over a maximum tenor of 30 years, which is secured by the mortgaged property. A contributor can access up to N15million from the Fund through an accredited PMI as a mortgage loan to build, buy, improve or renovate own home after 6 (six) months of continuous contributions. This lending conditions make the NHF unequalled as a vehicle for affordable housing delivery in Nigeria

Good news:

1. FG approved 0 % equity contribution for housing loans below N5m. Once you're are 18years above, working in public or private sector, you are qualified. Go & look for PMI to secure the loan. It's your money & it is for a duration of at least 25yrs.

2. FG just approved the reduction in equity contribution for housing loans of N6m to N15m from 20% to 10% . Go look for PMI pls. It is your MONEY. Stop paying house rent, you can be a landlord once you are 18years above.

3. You can obtain NHF via ur PMI within 3 to 5months if you have a serious and committed PMI. Please don’t let anyone deceived you on Facebook, go and apply. Look for a developer that works with a PMI. You will get it. As a middle class people, Na only school fees will be your headache.

4: FG just made life comfortable for you in public and private sectors, go and apply for housing loan. Max is N15m. Make housing comot from your stress. Just school fee.

I only see death trap

Suspicious , job for management trainees yet no mgt course is thete

Nice , I read through comments here and only shake my head, rather only the wise will go for mortgage, there is practically nothing wrong mortgage, where are where we are today because of ignorance and information and this is the difference BTW the poor and the rich. The money you pay to FMBN is your NHF contributions and can only access the 15m through a PMI or PMB, however its subject to what you earn, age, affordability score, equity contribution etc, now there is always a delay because of process since its government fund. But it does come. Most of us are contributors if you are working in a structured firm 2.5% of your salary goes to NHF check your pay slip, but because its very small we don't care or try to make inquiries.
For those who would want more info on NHF contact via WhatsApp only 08064134851 all information you need I will provide for free.

Abeg where port Harcourt / Lagos express way dey?

For quick, easy and flexible home rent, home improvement and home renovation loan contact Precious 08064134851(WhatsApp only) or call 08118894323
Or visit www.prudential.ng
Tenure : 1-12months (short term ) between #50000- #1000000
Long term also available.

For quick, easy and flexible home rent, home improvement and home renovation loan contact Precious 08064134851(WhatsApp only) or call 08118894323
Or visit www.prudential.ng
Tenure : 1-12months (short term ) between #50000- #1000000
Long term also available.

Bad timing kia

The 2026 World Cup will be held in USA, Canada and Mexico (Picture: Getty)
Canada, Mexico and the USA will host the 2026 World Cup after being awarded the tournament by the FIFA committee in Moscow today.

The three countries presented a ‘United Bid’ that promised to take football to a combined 500million people in North America and were awarded 134 votes to Morocco’s 65.

Mexico hosted the 1986 World Cup, while the US was awarded the tournament in 1994 but Canada, who have appeared just once at the tournament, have never hosted.

The ‘United Bid’ had been favourites from the start but Morocco’s promise of a ‘European World Cup in Africa’ was appealing to the committee.
The United Bid was endorsed by David Beckham and there will be 16 host cities across North America with the US holding ten of the 16, while Mexico and Canada
will have three each.
Morocco have now failed with five bids to hold the World Cup and are unlikely now to have the financial means to put together another bid for the foreseeable future.

Can I have this guys number? I want to invite him for a small prayer session in my house.

See as our leaders are abusing titles.. What has this guy done rather than bang in the toilet and smoke. What legacy? Smh

They must be ashamed

Former Super Eagles captain, Kanu Nwankwo has been robbed on the way to Kaliningrad in Russia.

Russian News Agency, TASS reports that US$11,000 (approximately N4 million) was stolen from him.

The former Arsenal striker was traveling from London to Moscow.

Kanu was heading to Kaliningrad, the city that will host the Super Eagles World Cup opener against Croatia on June 16.

According to the news wire, at Khrabrovo airport, he received his baggage, and discovered that the money was stolen when he got to his hotel.

Two Sheremetyevo Airport staff have been detained on suspicion of stealing the money from the Nigerian star.

Investigators of the Western Line Directorate of the Ministry of Internal Affairs of the Russian Federation on transport opened a criminal case under Part 3 of Act. 158 of the Criminal Code.

Kanu was a member of the Super Eagles squad at the 1998, 2002 and 2010 World Cups.

bettercreature:
Nothing awesome about Nigerian banks when it comes to loan
The only way to get loan from them without stress is to have 20million in fix deposit or TB then ask for 2 million Naira loan

that is not true , maybe you didn't met criteria, and secondly a check will be run on you so if you have any uncleared loan somewhere it drops your credit rating and chances of securing that loan and some bank at this point would demand for equity.

Am I the only one that noticed Torres reaction when he was about to receive that, dude was sacred immediately that thing was turned ,

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